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Hotels in Paris back on track after rocky start to the year

Hotels in Paris back on track after rocky start to the year

Megha Paul

- September 2, 2019

Hotels in Paris have seen a recovery in the second quarter of 2019 following a rocky start to the year, according to global hotel consultancy HVS. In 2018 hotels in the city saw a 10.6% increase in rooms revenue per available room (RevPAR) year-on-year but visitor numbers took a knock at the end of the year and the start of 2019 with the unrest caused by the ‘gilets jaunes’ movement.

Visitation and bed nights from the Middle East, Asia and South America decreased in the first quarter of 2019 leading to fairly flat RevPAR growth in the year to date.

However, recent months have seen some recovery in the city, in part due to visitors coming into the city for the Women’s Football World Cup and the Paris Air Show as well as the return to relative calm.

“Paris has an exceptionally well-balanced mix of business and leisure demand which, alongside London, had made it one of the most desirable destinations for hotel investment for over a decade,” commented Dayk Balyozyan, senior associate, HVS London and report co-author.

“Recovery in RevPAR and visitor numbers.”

“While the unrest in Paris prompted visitors to stay away, particularly international guests from outside Europe, this would only ever have been a temporary blip and we are now seeing a recovery in both RevPAR, visitor numbers and average rates,” he added.

According to the Market Pulse report, Paris has a substantial hotel pipeline, with over 6,800 rooms, 8% of existing supply, coming on stream over the next five years although around half of the new supply will be located outside the city centre. Major openings in the city over the next year include the 72-room luxury Cheval Blanc hotel at the Samaritaine, and the 149-room Kimpton Hotel close to the Opera. Other operators opening new properties include Hyatt, Marriott, Hilton and Accor.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
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Hotels in Paris back on track after rocky start to the year

Megha Paul

- September 2, 2019

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats