Hurt largely by lagging business travel, in February the French hotel market continued the downward trend exhibited in January as well, according to a new report from In Extenso.
Luxury hotels across France posted declines in February, In Extenso reported, with occupancy dropping 2.5% to 46.6%, ADR dropping 1% to €307 (US$409) and RevPAR falling 3.4% to €143 (US$191).
RevPAR in the luxury segment suffered even more in regional France, where it dropped 7% in February, In Extenso said.
Occupancy declines across all segments were especially pronounced in some areas, with towns including Lyon, Grenoble, Nantes, Montpelier and Toulouse reporting drops of 10% or more, according to In Extenso.
A handful of towns did report increases in occupancy, such as Bordeaux, Angers, Avignon (with the exception of budget hotels) and Le Havre (with the exception of super-budget hotels).