December 2023: no presents under the tree for the French hotel industry

5 min reading time

Published on 22/01/24 – Updated on 22/01/24

The magic of the festive season may be taking over the streets of France, but it’s a very different story for hotels. The traditional Christmas markets attracted millions of visitors, as they do every year, some of them setting new records, yet the French hotel industry performed somewhat less well in the final month of the year. This slight downturn in business means that French hoteliers are not in a position to end 2023 on a positive note, as was the case the previous year when petrol shortages raged across France.

While the national occupancy rate stood at 62.7% in November, it fell to 56.6% in December. This rate is also down compared to 2022 and 2019, by 0.8 points and 1 point respectively, marking a slowdown in the recovery across the country. RevPAR at national level is therefore down by -1.1% compared to…

MKG Consulting

Press / Research & Studies / Events / Training

Paris

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