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The Revenue per available room of French chain hotels shows in September 2008 a drop of 3.8%. This expected result is attributed to a remarkable September 2007. More particularly Paris suffered from the absence of the Rugby World Cup this year. On a national level, the global occupancy rate dropped by 3.4 points. Whereas, economic hotels are proving their ability to resist, the upscale category is more affected with a drop of its occupancy and average daily rates. |
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In July and August 2008, hotel chains' lodging turnover rose by 4% compared to the corresponding period last year to reach nearly 1.1 billion euros. |
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With a 1.2% RevPAR increase, June shows positive growth compared to the previous year's exceptional results. All hotel categories display excellent occupancy rate levels. |
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Paradoxically, the 1.1% decrease of RevPAR registered in last June by the Parisian hotel industry in Paris has been quite good news, meaning that there is the upmarket segment held a very strong position. |
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After 2 mitigate months in March and April, the French hotel industry ties up again with high growth rate experienced early this year. With an improving occupancy rate (+2.7 pts), price policy's efficiency (average rate increase 5.7%) leads to a growth in RevPAR of 9.8%. |
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After a record October (+14.3%), the first estimates for November show an increase in RevPAR of 9.6%, due to an increase both in occupancy rates (+2.3 points) and average rates (+5.9%). |
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IHG towards 600 000 rooms capacity |
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For the 9th consecutive year the Hospitality Awards, organized by MKG Group, European leader in hospitality and leisure consulting, will enable the worldwide hotel industry to present their best innovations and accomplishments. |
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Accor the clear European leader |
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• Over the course of 2007, hotel chains in France registered an increase of more than 11% in turnover with 8.5 billion euros, and a 9.2% increase in RevPAR, as predicted by MKG Hospitality at the beginning of the year. |
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