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French Hotel Industry Performance

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French Hotel Industry Performance French Hotel Industry Performance April 2015 Notre actualité Tourisme, Culture & Hôtellerie Conseil, Evaluation et Transaction Annual study: The French Urban Residence Market The 9th edition of In Extenso TCH’s annual study on French urban residences offers a comprehensive analysis of the market: • Profile of supply and evolutions over five years • Breakdown of supply in France • Key players in the market, brand characteristics • General trading levels + focus on main markets STUDY AVAILABLE FROM 15 JUNE 2015, PRICED 800 € EXC. VAT For further information and ordering, please contact: Samuel Couteleau (02 51 80 18 29 / [email protected]) Recent references Client Description PCCI – Banque Mondiale Development plan for coastal tourism products and destinations, Benin Ville de Biarritz Assistance in seeking a hotel group to operate the Hôtel du Palais Developer Impact study of the various legal structures for a restructuring project, Morocco Conseil Départemental (44) Programming of the renovation of the Musée Dobrée, Nantes Family Office Analysis of the potential for reconverting an office building into a hotel Paris 10 CONSULTING AND VALUATION CULTURE AND TOURISME PHILIPPE GAUGUIER, ASSOCIATE MRICS DOMINIQUE LECEA, DIRECTOR OLIVIER PETIT, ASSOCIATE ANNE RAVARD, DEPUTY DIRECTOR Transaxio Hôtel sales instructions Scope Description Freehold,Vauculse 3* branded hotel-restaurant, > 100 renovated rooms, meeting rooms Off-plan (VEFA), Haute-Normandie 3* branded hotel project, c. 70 rooms, bar, parking TRANSAXIO HÔTEL GUY BOULO, DIRECTOR Articles Non-monetary recognition in the hotel sector, a key issue for the hotel industry Philippe Burger, Associate Consulting, Human Capital, Deloitte Leading in a volatile and uncertain climate: the keys to a new leadership style Jean-Marc Liduena, Associate Monitor Deloitte A 360° view of the guest Scott A. Rosenberger, US Consulting THL leader, Deloitte See all our news on www.inextenso-tch.com and www.transaxio.fr Reproduction or distribution in whole or part without written permission of In Extenso TC&H is prohibited and subject to legal action FOR FURTHER INFORMATION, PLEASE CONTACT FLORENT DANIEL (+33 (0)2 51 80 18 84 OR [email protected]) In Extenso Tourism, Culture & Hospitality - 7 rue Ernest Renan - 92136 Issy Les Moulineaux - France 2 French Hotel Industry Performance – April 2015 © 2015 In Extenso National April: school holidays play their part April’s results were generally somewhat gloomy. However, a closer look reveals a contrasting hotel landscape. After the brief lull in March, the Capital began to slide again. On the other hand, regional cities benefited from the school holidays, allowing them to record relatively good trading results in April. Hotel trading performance levels were far from brilliant in April. Luxury and Super-budget hotels recorded a drop in rooms revenue, particularly in the Luxury segment where RevPAR fell by 8%. The rest of the market fared slightly better, although Budget and Midscale hotels tended to see stagnating RevPAR. However, April finished with mixed results. As explained by Olivier Petit – Associate, In Extenso Tourism, Culture and Hospitality – the best and the worst rubbed shoulders. In large cities, both double-digit growth and steep declines in trading went side by side, which can be explained by the school holidays. Last year, school holidays for Ile-de-France and Bordeaux educational authorities mainly took place in April. This year, they also stretched into May, meaning that business was more dynamic in April for these client-generating zones. Large cities, in particular (Lille, Lyon, Marseille, Nantes, etc.), mainly benefited. The link between the economy of Paris and main regional urban centres remains strong – less so the case for secondary cities, more anchored in the local economy. Here, the school holidays had a more negative effect, although the good weather during some weeks in April did benefit a number of tourist destinations (mostly on the coast). Although Parisian guests boosted regional hotel activity, its own market suffered in April. With the exception of the standard Upscale category, all segments recorded a general decline in RevPAR. Since the start of the year, the Parisian hotel industry appears to be weathering a storm, with March the only month to offer a lull. With this breathing period now over, people are becoming increasingly concerned, particularly given the number of bank holiday weekends in May. Monthly performance April Luxury Upscale Midscale Budget Super Budget OR 2015 62,5% 68,3% 65,4% 69,2% 64,8% Var. /n-1 -3,0% -0,4% -1,4% -0,2% -3,1% ADR 2015 330 € 167 € 98 € 63 € 40 € Var. /n-1 -5,1% 1,2% 1,0% -0,6% 1,4% RevPAR 2015 207 € 114 € 64 € 44 € 26 € Var. /n-1 -8,0% 0,8% -0,5% -0,8% -1,7% Year To Date performance Jan. to April Luxury Upscale Midscale Budget Super Budget OR 2015 52,7% 59,0% 57,4% 60,7% 59,2% Var. /n-1 -2,5% 2,4% 1,2% 1,5% -1,8% Definitions ADR 2015 320 € 158 € 97 € 63 € 40 € OR = Occupancy Rate Var. /n-1 -6,6% -0,6% 1,2% -0,7% 1,3% ADR = Average Daily Rate RevPAR 2015 169 € 93 € 56 € 38 € 23 € RevPAR = Revenue per available room Var. /n-1 -9,0% 1,8% 2,3% 0,8% -0,6% Reproduction or distribution in whole or part without written permission of In Extenso TC&H is prohibited and subject to legal action FOR FURTHER INFORMATION, PLEASE CONTACT FLORENT DANIEL (+33 (0)2 51 80 18 84 OR [email protected]) In Extenso Tourism, Culture & Hospitality - 7 rue Ernest Renan - 92136 Issy Les Moulineaux - France 3 French Hotel Industry Performance – April 2015 © 2015 In Extenso National Performances Paris April 2015 Paris-City Monthly performance OR ADR RevPAR April 2015 Var /n-1 2015 Var /n-1 2015 Var /n-1 Paris - Luxury 78,3% -5,0% 428 € 2,5% 335 € -2,6% Paris - Boutique Hotels 81,5% -1,6% 236 € -5,9% 192 € -7,5% Paris - Upscale 81,3% -0,4% 189 € 2,8% 153 € 2,5% Paris - Luxury & Upscale 80,7% -1,5% 242 € 2,8% 195 € 1,3% Paris - Superior midscale 83,8% -3,9% 151 € -1,5% 126 € -5,3% Paris - Standard midscale 79,5% -5,4% 113 € 0,4% 90 € -5,0% Paris - Midscale 81,2% -4,7% 128 € 0,1% 104 € -4,6% Paris - Budget 84,3% -5,2% 89 € 0,4% 75 € -4,8% Year To Date performance OR ADR RevPAR Jan. to April 2015 Var /n-1 2015 Var /n-1 2015 Var /n-1 Paris - Luxury 69,6% -4,8% 427 € 3,8% 297 € -1,2% Paris - Boutique Hotels 71,6% -3,0% 230 € -4,8% 165 € -7,7% Paris - Upscale 71,4% 0,5% 180 € 1,6% 128 € 2,1% Paris - Haut de gamme & Gd luxe 71,1% -0,9% 236 € 2,6% 167 € 1,7% Paris - Superior midscale 76,1% -3,1% 146 € 1,3% 111 € -1,9% Paris - Standard midscale 72,1% -2,8% 107 € 3,1% 77 € 0,2% Paris - Midscale 73,7% -2,8% 124 € 2,6% 91 € -0,4% Paris - Budget 77,4% -3,4% 84 € 2,0% 65 € -1,5% Paris suburbs (excluding Paris) – Luxury and upscale Monthly performance OR ADR RevPAR April 2015 Var /n-1 2015 Var /n-1 2015 Var /n-1 Paris 80,7% -1,5% 242 € 2,8% 195 € 1,3% La Défense 71,4% -9,8% 150 € -6,0% 107 € -15,3% Roissy CdG 75,4% 6,1% 112 € 12,6% 84 € 19,5% IDF (exc.Paris and poles) 78,4% -6,6% 259 € -2,2% 203 € -8,6% Year To Date performance OR ADR RevPAR Jan. to April 2015 Var /n-1 2015 Var /n-1 2015 Var /n-1 Paris 0 71,1% -0,9% 236 € 2,6% 167 € 1,7% La Défense 0 68,4% 6,2% 149 € -7,0% 102 € -1,2% Roissy CdG 0 70,3% 4,4% 110 € 4,2% 77 € 8,7% IDF (exc.Paris and poles) 71,4% 3,3% 213 € -2,5% 152 € 0,7% Reproduction or distribution in whole or part without written permission of In Extenso TC&H is prohibited and subject to legal action FOR FURTHER INFORMATION, PLEASE CONTACT FLORENT DANIEL (+33 (0)2 51 80 18 84 OR [email protected]) In Extenso Tourism, Culture & Hospitality - 7 rue Ernest Renan - 92136 Issy Les Moulineaux - France 4 French Hotel Industry Performance – April 2015 © 2015 In Extenso National Performance Regions April 2015 Regions Monthly performance April Luxury Upscale Midscale Budget Super Budget OR 2015 56,6% 58,3% 59,7% 62,6% 62,7% Var. /n-1 4,8% 3,2% 0,0% 0,1% -3,4% ADR 2015 248 € 133 € 87 € 61 € 38 € Var. /n-1 4,4% 2,9% 0,0% -1,8% 1,2% RevPAR 2015 140 € 77 € 52 € 38 € 24 € Var. /n-1 9,5% 6,3% 0,0% -1,7% -2,3% . Riviera) French Year To Date performance excl ( Jan. to April Luxury Upscale Midscale Budget Super Budget OR 2015 46,9% 50,6% 52,0% 55,2% 56,8% Var. /n-1 -0,7% 8,2% 2,2% 1,2% -2,3% ADR 2015 220 € 127 € 87 € 61 € 38 € Regions Var. /n-1 2,2% 0,9% 1,0% -0,6% 1,4% RevPAR 2015 103 € 64 € 45 € 34 € 22 € Var. /n-1 1,5% 9,2% 3,3% 0,6% -0,9% Monthly performance April Luxury Upscale * Midscale Budget Super Budget OR 2015 54,2% 63,5% 69,4% n.d. 62,1% Var. /n-1 -4,8% 8,1% 5,3% - -2,0% ADR 2015 276 € 143 € 99 € n.d. 46 € Var. /n-1 -0,4% 3,8% 2,3% - 2,3% RevPAR 2015 150 € 91 € 69 € n.d.
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