in France in 2005
|January 9, 2006 - In accordance with the forecasts of MKG, the rise
of RevPar for French hotels exceeds 3% in 2005
Once more, and this since many years, these developments fit perfectly
with the forecasts resulting from the econometric models of MKG Consulting,
established at the end of 2004, which counted for 2005 on a RevPAR growth
ranging between 3% and 5%.
per category, in France in 2005
- Preliminary results -
Average daily rates and RevPAR in euros (Including all taxes)
The economic and 4* categories post the best performances.
On the super-economic segment, the growth of RevPAR results from the favorable trend of the average prices. The occupancy rate is in very light fall of 0,2 point in 0*/1 *. In spite of the development of the supply during the last years, the occupancy rate of the super-economic segment remains at a high level (71,7%).
The 2* segment on its side posts a rise of 1,1 points for the occupancy rate and an improvement of 1,9% for the average price.
Concerning 3* hotels, the rise of 2,9% of the average price makes it possible to compensate for the light retreat of the occupancy rates (-0,3 point) which are posted in 2005 at 62,7%.
It is the 4* hotel category that realizes the best performance in 2005 in terms of progression of the RevPAR (+4,6%). In 2005, the awaited rebound of the demand was confirmed. Despite everything it was accompanied by a strong price moderation, the average prices decreasing by only 0,2 points. This stability demonstrates the strong competition in which the establishments of this category are engaged.
Among the principal outstanding facts of the year 2005, one will retain the following:
MKG Consulting is the leader in consulting for the Hotel, Tourism and Catering sector, and has the largest hotel database in the world outside the USA, with a good representation of all the hotel segments. MKG database’s monthly program is based on a sample of 10 000 corporate chain hotels, representing 1 000 000 rooms.
Since September 2004, the MKG Consulting database proposes a program that allows the daily monitoring of activity indicators for each hotel. This program counts 1 500 hotels and 125 000 rooms in France which makes it the most developed daily program in Europe.
|Also See:||Increased Average Rates and Improved Occupancy Continue Through First 9 Months of 2005 for European Hotel Industry; Business and Leisure Tourists Have Adapted to the Uncertain Environment / November 2005|
|The Riots in the French Suburbs: A Limited Impact on Hotel Activity / November 2005|