French Hotel Industry Performance August 2015
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French Hotel Industry Performance – August 2015
© 2015 In Extenso National
August: An upbeat mood on the coast; more disparate elsewhere After two months of recovery, August showed mixed results depending on category and location. While “intermediary” categories (Midscale, Upscale) resisted well thanks to higher average rates, Superbudget hotels confirmed declines in RevPAR. For higher-end hotels, August’s results varied from region to region, resulting in an overall drop in occupancy and rates. Despite all this, August’s results must be put in perspective when compared with August 2014 – a particularly good month – and year-to-date growth, which remains positive.
Undoubtedly, the Côte d’Azur posted the best results in France. All categories experienced an upswing in trading, and as in July, higher-end hotels recorded the highest growth (increases of 6,5% and 6,8% in RevPAR for Upscale and Luxury categories, respectively). Year-to-date results at the end of the summer period (RevPAR growth of around 15%!), will secure the year-end result, should this trend swing back. Results were also encouraging (keeping everything in perspective) for higher-end categories in Ile de France (2,7% growth in RevPAR). Although overall performance of the Luxury segment suffered in France during August, this was essentially due to the disappointing results recorded by regional hotels who posted a fairly significant drop in average rates in August (-3,8%). The pattern was the exact opposite for the Midscale segment. Midscale hotels in Paris saw a drop in business (occupancy declines of 5,9%), but posted encouraging results in regional France and on the Côte d’Azur (RevPAR growth of 4% and 1,8%, respectively). The solid performances of Bordeaux, Nancy and Lyon (albeit to a lesser extent) should be noted: all categories presented good results, confirming the growth recorded since the beginning of the year. Month after month, the Super-budget category presents the same phenomenon. Occupancy declined (-2,4%), and the pricing adjustments undertaken since the start of the year to offset the consequences of 2014’s VAT hike, are insufficient to make up for the drop in demand. RevPAR at the end of August thus stood at -0,8%.
Monthly performance August
Luxury
Upscale
Midscale
81,9% -0,9%
78,6% -1,9%
71,0% -0,1%
69,5% 0,6%
70,0% -4,3%
Var. /n-1
536 € -0,3%
198 € 4,6%
92 € 0,6%
57 € -1,5%
43 € 2,2%
RevPAR 2015 Var. /n-1
439 € -1,2%
155 € 2,6%
66 € 0,5%
39 € -0,9%
30 € -2,2%
Luxury
Upscale
Midscale
OR 2015 Var. /n-1
66,0% -0,1%
69,1% 2,2%
65,7% 1,1%
66,9% 1,5%
ADR 2015 Var. /n-1
442 € 0,8%
186 € 2,3%
100 € 0,5%
63 € -0,6%
RevPAR 2015 Var. /n-1
292 € 0,7%
129 € 4,6%
65 € 1,6%
42 € 0,9%
OR 2015 Var. /n-1 ADR 2015
Budget Super Budget
Year To Date performance Jan. to August
Budget Super Budget 64,1% -2,4% Definitions 41 € OR = Occupancy Rate 1,7% ADR = Average Daily Rate 26 € RevPAR = Revenue per -0,8% available room
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3
French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances Paris August 2015 Paris-City
Monthly performance OR
August
ADR
RevPAR 2015 Var /n-1 397 € 3,8% 184 € -0,5% 144 € -0,8% 202 € 2,7%
Paris - Luxury Paris - Boutique Hotels Paris - Upscale Paris - Luxury & Upscale
2015 83,9% 80,0% 79,3% 80,3%
Var /n-1 -2,7% -0,2% -2,6% -2,4%
2015 473 € 230 € 182 € 251 €
Var /n-1 6,7% -0,3% 1,9% 5,2%
Paris - Superior midscale Paris - Standard midscale Paris - Midscale
80,5% 74,7% 77,0%
-4,7% -6,8% -5,9%
123 € 91 € 104 €
-2,6% 0,8% -0,5%
99 € 68 € 80 €
-7,2% -6,1% -6,4%
Paris - Budget
79,4%
1,8%
66 €
-5,3%
53 €
-3,7%
Year To Date performance OR
Jan. to August
ADR 2015 Var /n-1 491 € 6,6% 257 € -2,1% 200 € 2,7% 266 € 4,2%
RevPAR 2015 Var /n-1 382 € 2,5% 201 € -3,2% 156 € 3,0% 208 € 3,5%
-2,4% -4,4% -3,6%
153 € 113 € 129 €
-0,3% 2,6% 1,4%
125 € 87 € 102 €
-2,6% -2,0% -2,2%
-1,2%
86 €
0,8%
71 €
-0,3%
Paris - Luxury Paris - Boutique Hotels Paris - Upscale Paris - Haut de gamme & Gd luxe
2015 77,8% 78,3% 78,4% 78,2%
Var /n-1 -3,8% -1,1% 0,3% -0,7%
Paris - Superior midscale Paris - Standard midscale Paris - Midscale
81,5% 77,3% 79,0%
Paris - Budget
81,8%
Paris suburbs (excluding Paris) – Luxury and upscale
Monthly performance OR
August
ADR 2015 Var /n-1 251 € 5,2%
RevPAR 2015 Var /n-1 202 € 2,7%
Paris
2015 80,3%
Var /n-1 -2,4%
La Défense
76,5%
-4,8%
113 €
-7,7%
87 €
-12,2%
Roissy CdG
74,2%
2,3%
90 €
0,5%
67 €
2,8%
IDF (exc.Paris and poles)
76,8%
-4,4%
340 €
7,0%
261 €
2,3%
Year To Date performance OR
Jan. to August
RevPAR 2015 Var /n-1 208 € 3,5%
Paris
0
La Défense
0
74,4%
2,0%
150 €
-6,3%
112 €
-4,5%
Roissy CdG
0
75,1%
2,9%
108 €
3,0%
81 €
6,0%
78,0%
2,6%
254 €
2,1%
199 €
4,8%
IDF (exc.Paris and poles)
Var /n-1 -0,7%
ADR 2015 Var /n-1 266 € 4,2%
2015 78,2%
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4
French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performance Regions August 2015 Regions
Regions (excl. French Riviera)
Monthly performance August
Luxury
Upscale
Midscale
OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
79,3% 0,7% 343 € -3,8% 272 € -3,1%
70,1% 2,8% 135 € 1,5% 95 € 4,3%
68,4% 2,1% 89 € -0,2% 61 € 1,8%
Luxury
Upscale
Midscale
59,8% 1,9% 281 € 2,0% 168 € 4,0%
60,4% 6,5% 137 € 1,7% 83 € 8,3%
60,6% 2,7% 90 € 0,7% 54 € 3,5%
August
Luxury
Upscale *
Midscale
OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
86,0% 2,7% 780 € 4,0% 671 € 6,8%
87,4% -2,3% 227 € 9,0% 198 € 6,5%
90,5% -3,0% 134 € 7,1% 122 € 4,0%
Luxury
Upscale *
Midscale
62,7% 3,8% 533 € 11,1% 334 € 15,3%
65,9% 7,6% 186 € 4,7% 123 € 12,6%
69,9% 3,4% 112 € 2,0% 78 € 5,5%
Budget Super Budget 65,3% -1,0% 59 € -1,1% 38 € -2,1%
70,0% -4,2% 42 € 1,8% 29 € -2,5%
Year To Date performance Jan. to August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
Budget Super Budget 61,6% 1,3% 62 € -0,7% 38 € 0,6%
62,3% -2,6% 40 € 1,7% 25 € -1,0%
French Riviera
Monthly performance Budget Super Budget n.d.
91,0%
-
-2,6%
n.d.
59 €
-
4,6%
n.d. -
54 € 1,9%
Year To Date performance Jan. to August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
Budget Super Budget n.d. -
n.d. -
n.d. -
67,2% -0,7% 50 € 2,8% 34 € 2,1%
•* Upscale : = sample groups upscale boutique hotels and standard four star hotels
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5
French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances Suburbs August 2015 Paris suburbs (excluding Paris) Monthly performance departments
Midscale market
August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
Average suburbs
77.
78.
91.
92.
93.
94.
95.
64,2%
67,6%
65,1%
70,5%
76,7%
78,0%
71,8%
70,4%
-5,7%
23,7%
1,6%
-6,6%
16,6%
-3,6%
6,5%
2,1%
82 €
64 €
61 €
67 €
64 €
65 €
74 €
67 €
6,3%
4,8%
-6,7%
-0,3%
7,2%
-1,7%
-0,2%
-0,4%
53 €
43 €
40 €
47 €
49 €
51 €
53 €
47 €
0,3%
29,7%
-5,2%
-6,9%
25,0%
-5,3%
6,3%
1,8%
77.
78.
91.
92.
93.
94.
95.
57,1%
68,3%
66,7%
70,1%
73,8%
76,7%
70,0%
69,7%
-3,8%
8,9%
5,6%
-3,0%
14,9%
0,1%
0,4%
1,9%
102 €
93 €
85 €
101 €
75 €
81 €
93 €
92 €
1,5%
-0,8%
-1,5%
-1,1%
-1,6%
-3,1%
-0,2%
-1,5%
Year To Date performance departments
Jan. to August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
Average suburbs
58 €
63 €
57 €
71 €
55 €
62 €
65 €
64 €
-2,4%
8,0%
4,0%
-4,0%
13,1%
-3,0%
0,2%
0,4%
Monthly performance departments
Budget market
August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
Average suburbs
77.
78.
91.
92.
93.
94.
95.
86,4%
61,4%
57,9%
64,7%
69,4%
69,3%
71,8%
71,2%
0,0%
3,1%
29,3%
-1,5%
0,7%
-3,3%
8,4%
2,9%
67 €
60 €
44 €
47 €
42 €
44 €
39 €
48 €
0,4%
4,3%
-9,2%
-3,5%
0,7%
-1,5%
-5,3%
-1,8%
58 €
37 €
25 €
30 €
29 €
31 €
28 €
34 €
0,4%
7,6%
17,4%
-5,0%
1,5%
-4,8%
2,7%
1,0%
77.
78.
91.
92.
93.
94.
95.
78,3%
68,2%
64,4%
69,2%
71,4%
73,9%
75,6%
73,0%
4,7%
-0,7%
5,5%
-2,5%
1,8%
2,1%
4,7%
2,3%
62 €
78 €
59 €
71 €
57 €
61 €
52 €
61 €
-0,4%
3,7%
-4,6%
-1,7%
0,8%
-4,0%
-0,2%
-0,8%
Year To Date performance departments
Jan. to August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
Average suburbs
49 €
53 €
38 €
49 €
40 €
45 €
40 €
44 €
4,3%
2,9%
0,6%
-4,1%
2,7%
-2,0%
4,5%
1,5%
77. 61,4%
78. 64,2%
91. 55,0%
93. 62,5%
94. 59,8%
95. 70,4%
-13,9%
4,9%
-2,0%
-
-1,6%
-3,0%
-2,0%
48 €
39 €
38 €
n.d.
40 €
39 €
41 €
41 €
6,6%
6,3%
5,5%
-
1,5%
0,8%
-1,3%
2,6%
Monthly performance
Super Budget market
August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
departments 92. n.d.
IDF (hors Paris)
62,0% -3,5%
29 €
25 €
21 €
n.d.
25 €
24 €
29 €
25 €
-8,3%
11,5%
3,3%
-
-0,1%
-2,1%
-3,3%
-1,0%
77. 68,8%
78. 69,7%
91. 67,4%
93. 70,4%
94. 72,3%
95. 73,7%
-5,7%
-1,2%
0,7%
-
-4,8%
-1,9%
-2,9%
44 €
43 €
39 €
n.d.
46 €
43 €
46 €
44 €
3,2%
2,5%
1,4%
-
2,6%
-0,6%
3,1%
1,9%
Year To Date performance Jan. to August OR 2015 Var. /n-1 ADR 2015 Var. /n-1 RevPAR 2015 Var. /n-1
departments 92. n.d.
IDF (hors Paris)
70,3% -3,1%
30 €
30 €
27 €
n.d.
32 €
31 €
34 €
31 €
-2,6%
1,2%
2,1%
-
-2,4%
-2,5%
0,1%
-1,3%
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6
French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances North-East August 2015 North-east & Cities Monthly performance Luxury Upscale
2015
OR Var /n-1
2015
ADR Var /n-1
Year To Date performance
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
North-east
60,9%
-5,2%
126 €
6,1%
77 €
0,6%
54,9%
3,2%
133 €
4,3%
73 €
7,6%
Dijon Lille Metz Nancy Reims Strasburg
79,6% 35,6%
5,0% -10,5%
126 € 98 €
4,3% -9,9%
100 € 35 €
9,5% -19,4%
62,8% 51,0%
10,6% -1,3%
125 € 127 €
0,1% 3,5%
78 € 65 €
10,7% 2,1%
n.d. 70 €
4,9%
Midscale
insufficient supply insufficient supply
n.d. 74,7%
2015
-3,9%
OR Var /n-1
n.d. 94 €
2015
ADR Var /n-1
North-east
62,6%
1,4%
82 €
Dijon Lille Metz Nancy Reims Strasburg
77,5% 36,4%
11,7% -20,4%
89 € 73 €
74,7% 68,8% 72,0%
30,8% -5,3% -2,4%
Budget
2015
OR Var /n-1
9,9%
insufficient supply insufficient supply
n.d. 71 €
5,6%
RevPAR 2015 Var /n-1
n.d. 62,1%
2015
1,1%
OR Var /n-1
n.d. 112 €
2015
ADR Var /n-1
2,0%
51 €
3,4%
57,9%
3,0%
87 €
-1,1% 9,7% in progress 12,9% 80 € 8,1% 99 € 1,0% 79 €
69 € 27 €
10,5% -12,6%
61,6% 57,0%
2,7% -2,9%
86 € 89 €
59 € 68 € 57 €
47,6% 2,4% -1,5%
65,2% 61,5% 61,6%
15,3% -1,7% -2,6%
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
2015
OR Var /n-1
3,7%
RevPAR 2015 Var /n-1
1,6%
51 €
4,7%
-0,2% 4,3% in progress 8,0% 85 € 5,0% 102 € 0,4% 94 €
53 € 51 €
2,5% 1,2%
55 € 63 € 58 €
24,6% 3,2% -2,1%
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
North-east
66,4%
0,1%
53 €
-2,8%
35 €
-2,7%
64,9%
1,6%
59 €
-1,6%
38 €
0,1%
Dijon Lille Metz Nancy Reims Strasburg
78,9% 44,9% 74,6% 74,7% n.d. 82,0%
-0,2% -1,2% 7,5% 14,5% 3,7%
57 € 49 € 48 € 51 € n.d. 51 €
-3,5% -7,7% -4,4% -2,6% -1,2%
45 € 22 € 36 € 38 € n.d. 42 €
-3,7% -8,9% 2,7% 11,5% 2,5%
72,6% 64,1% 67,2% 70,2% n.d. 70,0%
-0,6% 3,7% 10,3% 5,8% -0,2%
61 € 69 € 57 € 61 € n.d. 61 €
-2,5% 0,5% -6,4% -2,0% -2,1%
44 € 44 € 38 € 43 € n.d. 43 €
-3,1% 4,3% 3,3% 3,7% -2,3%
Super Budget
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
North-east
65,0%
-5,1%
39 €
2,6%
25 €
-2,6%
61,2%
-3,0%
38 €
2,3%
23 €
-0,7%
Dijon Lille Metz Nancy Reims Strasburg
65,9% 49,1% 64,9% 49,2% n.d. 64,5%
-7,5% -4,4% -15,8% -2,8% -4,5%
40 € 36 € 37 € 41 € n.d. 40 €
2,3% -0,5% 3,5% 1,1% 5,3%
27 € 17 € 24 € 20 € n.d. 26 €
-5,3% -4,9% -12,9% -1,7% 0,6%
64,8% 59,0% 63,3% 58,6% n.d. 60,6%
-4,8% -3,2% -8,9% 2,2% -4,9%
39 € 39 € 38 € 39 € n.d. 41 €
1,9% 1,9% 3,3% 2,3% 3,4%
25 € 23 € 24 € 23 € n.d. 25 €
-3,0% -1,4% -5,9% 4,6% -1,7%
Departments in the North-Eastern set : Aisne; Allier; Ardennes; Aube; Cher; Côte-d'Or; Doubs; Jura; Loiret; Marne; Haute-Marne; Meurthe-et-Moselle; Meuse; Moselle; Nièvre; Nord; Oise; Pas-de-Calais; Bas-Rhin; Haut-Rhin; Haute-Saône; Saône-et-Loire; Vosges; Yonne; Territoire-de-Belfort
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7
French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances North-West August 2015 North-West & Cities Monthly performance Luxury Upscale North-West
2015 78,3%
OR Var /n-1 -0,7%
Amiens Angers Le Havre Niort Nantes Rennes Rouen
Midscale North-West
Budget North-West
2015 72,1%
OR Var /n-1 2,2%
n.d. n.d. 67,7% 57,3% 59,0% 51,0% 66,3%
2015 62,0%
OR Var /n-1 -0,5%
3,6% -6,8% 16,6% -12,7% -16,7% -14,2% Niort : in development, sample sub ject to change
Amiens Angers Le Havre Nantes Niort Rennes Rouen
Super Budget North-West
ADR Var /n-1
272 €
0,2%
RevPAR 2015 Var /n-1 213 €
-0,6%
2015 59,9%
OR Var /n-1 -2,8%
insufficient supply insufficient supply insufficient supply insufficient supply insufficient supply insufficient supply insufficient supply
-14,6% -0,1% -7,9% -2,4% 6,5% Niort : in development, sample sub ject to change
Amiens Angers Le Havre Nantes Niort Rennes Rouen
2015
Year To Date performance
n.d. 54,2% 65,1% 51,6% 54,9% 51,1% 53,4%
2015 69,1%
OR Var /n-1 -4,8%
Amiens n.d. -6,3% Angers 56,6% -6,1% Le Havre 76,7% -0,8% Nantes 60,7% -0,6% Niort 79,5% -12,7% Rennes 42,0% -7,5% Rouen 59,0% Niort : in development, sample sub ject to change
2015
ADR Var /n-1
2015
ADR Var /n-1
220 €
RevPAR 2015 Var /n-1 132 €
1,4%
-1,4%
insufficient supply insufficient supply insufficient supply insufficient supply insufficient supply insufficient supply insufficient supply
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
95 €
-1,3%
69 €
0,8%
61,2%
4,2%
90 €
0,5%
55 €
4,8%
n.d. n.d. 83 € 76 € 78 € 76 € 87 €
-2,2% 0,1% -2,0% 4,3% -4,9%
n.d. n.d. 56 € 44 € 46 € 39 € 58 €
-16,5% 0,0% -9,7% 1,8% 1,2%
n.d. n.d. 62,6% 61,5% 53,5% 54,6% 63,2%
-4,4% 5,7% -7,8% -2,8% 4,3%
n.d. n.d. 86 € 88 € 80 € 90 € 91 €
0,9% 1,3% -0,8% 5,8% -0,4%
n.d. n.d. 54 € 54 € 43 € 49 € 58 €
-3,5% 7,1% -8,6% 2,9% 3,9%
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
59 €
-1,7%
37 €
-2,2%
57,9%
0,9%
63 €
-0,9%
36 €
0,0%
n.d. 48 € 52 € 53 € 57 € 54 € 57 €
-6,8% -0,9% -3,2% 2,5% 0,7% -0,8%
n.d 26 € 34 € 27 € 31 € 27 € 31 €
-3,4% -7,7% 12,9% -10,5% -16,1% -14,9%
n.d. 59,0% 52,3% 57,9% 52,5% 61,6% 58,6%
1,9% -7,6% 5,3% -6,7% -1,2% -2,9%
n.d. 62 € 56 € 64 € 59 € 64 € 61 €
-3,7% -1,3% -0,8% -3,6% 0,2% -0,1%
n.d 36 € 29 € 37 € 31 € 40 € 36 €
-1,9% -8,7% 4,4% -10,1% -1,0% -3,1%
2015
ADR Var /n-1
42 €
1,2%
n.d. 38 € 40 € 42 € 37 € 38 € 44 €
3,3% 0,4% 2,7% 8,7% 0,4% 3,4%
RevPAR 2015 Var /n-1 29 €
-3,6%
n.d 21 € 31 € 25 € 29 € 16 € 26 €
-3,2% -5,7% 1,8% 8,0% -12,4% -4,4%
2015
OR Var /n-1
61,3%
-1,5%
n.d. 56,8% 63,0% 66,6% 65,7% 56,9% 62,3%
-6,5% -12,0% 5,0% 3,7% -0,3% 3,1%
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
40 €
0,7%
24 €
-0,8%
n.d. 40 € 39 € 43 € 34 € 40 € 44 €
2,2% -2,2% 0,5% 3,1% 0,2% 0,7%
n.d 23 € 24 € 29 € 23 € 23 € 27 €
-4,5% -13,9% 5,5% 6,8% -0,1% 3,9%
Departments in the North-Western set : Calvados; Côtes; Eure; Eure-et-Loir; Finistère; Ille-et-Vilaine; Indre; Indre-et-Loire; Loir-et-Cher; Loire-Atlantique; Maine-et-Loire; Manche; Mayenne; Morbihan; Orne; Sarthe; Seine-Maritime; Deux-Sèvres; Somme; Vendée; Vienne
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French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances South-East August 2015 South-East (excl. French Riviera) & Cities
Monthly performance Luxury Upscale South-East Aix en Provence Avignon Grenoble Lyon Marseille Montpellier St Etienne
Midscale
2015
OR Var /n-1
84,7%
10,7%
n.d. 86,9%
0,6%
65,1% 89,0% 84,7%
6,3% 0,9% 0,0%
2015
ADR Var /n-1
Year To Date performance
RevPAR 2015 Var /n-1
2015
OR Var /n-1
168 €
2,4%
142 €
13,4%
66,4%
10,5%
n.d. 145 €
-4,2%
n.d. 126 €
-3,6%
n.d. 64,1%
0,1%
insufficient supply 3,8% 130 € 7,2% 148 € 2,1% 154 €
84 € 132 € 130 €
10,4% 8,2% 2,1%
69,0% 67,1% 65,6%
10,5% 0,9% 7,1%
insufficient supply
2015
OR Var /n-1
2015
ADR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
162 €
3,3%
107 €
14,2%
n.d. 158 €
3,3%
n.d. 101 €
3,5%
insufficient supply 10,1% 137 € -0,6% 142 € -1,4% 141 €
95 € 96 € 93 €
21,6% 0,3% 5,6%
insufficient supply
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
South-East
70,6%
1,5%
90 €
-0,8%
64 €
0,7%
62,2%
0,9%
89 €
-1,0%
56 €
0,0%
Aix en Provence Avignon Grenoble Lyon Marseille Montpellier St Etienne
73,6% 89,8% 33,5% 57,0% 81,3% 82,3%
-5,5% 0,4% 1,5% 11,9% 4,2% 4,7%
83 € 94 € 81 € 72 € 89 € 87 €
4,2% -2,7% -3,5% -5,9% 1,1% -0,4%
61 € 84 € 27 € 41 € 72 € 72 €
-1,6% -2,3% -2,1% 5,3% 5,3% 4,3%
64,2% 74,1% 49,8% 61,1% 68,2% 65,2%
2,5% 3,6% 3,2% 6,8% -1,7% 2,8%
82 € 100 € 93 € 93 € 92 € 85 €
-1,7% -0,8% -4,2% 1,8% -2,2% -0,1%
53 € 74 € 47 € 57 € 63 € 56 €
0,8% 2,7% -1,2% 8,8% -3,9% 2,7%
Budget
in progress
2015
OR Var /n-1
2015
ADR Var /n-1
in progress
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
South-East
65,3%
-3,2%
62 €
0,4%
40 €
-2,8%
62,0%
0,7%
64 €
0,2%
40 €
0,9%
Aix en Provence Avignon Grenoble Lyon Marseille Montpellier St Etienne
70,2% 70,7% 35,6% 55,9% 81,6% 83,5%
-9,7% -6,2% -13,3% 1,8% 0,7% -2,2%
61 € 67 € 51 € 56 € 63 € 74 €
-6,5% -1,6% -3,3% 6,2% 1,8% 3,3%
43 € 48 € 18 € 31 € 51 € 61 €
-15,5% -7,7% -16,2% 8,1% 2,5% 1,0%
62,5% 63,7% 51,4% 64,5% 68,6% 71,0%
-4,6% 0,3% -3,2% 3,6% 2,0% -0,1%
64 € 69 € 59 € 72 € 65 € 70 €
-0,8% -1,3% -2,3% 8,9% -1,2% 0,0%
40 € 44 € 30 € 46 € 45 € 50 €
-5,4% -1,0% -5,5% 12,7% 0,8% -0,2%
Super Budget
in progress
2015
OR Var /n-1
2015
ADR Var /n-1
in progress
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
South-East
72,7%
-4,7%
43 €
1,0%
32 €
-3,8%
62,6%
-3,2%
40 €
1,7%
25 €
-1,5%
Aix en Provence Avignon Grenoble Lyon Marseille Montpellier St Etienne
n.d. 68,9% 39,1% 58,4% 86,0% 86,0% n.d.
-5,6% -22,3% -1,3% 2,6% -6,9% -
n.d. 38 € 36 € 37 € 43 € 48 € n.d.
-2,9% -0,4% 0,2% 0,2% 5,5% -
n.d. 26 € 14 € 22 € 37 € 41 € n.d.
-8,4% -22,6% -1,0% 2,8% -1,8% -
n.d. 63,8% 53,1% 63,6% 68,4% 65,9% n.d.
-7,1% -2,9% -0,7% 1,5% -6,8% -
n.d. 37 € 37 € 40 € 41 € 39 € n.d.
-1,3% -3,1% 3,1% -0,9% 2,5% -
n.d. 23 € 19 € 26 € 28 € 26 € n.d.
-8,3% -5,9% 2,4% 0,6% -4,5% -
Departments in the South-Eastern set : Ain; Alpes; Hautes-Alpes; Alpes-Maritimes; Ardèche; Aude; Aveyron; Bouches-du-Rhône; Cantal; Drôme; Gard; Hérault; Isère; Loire; HauteLoire; Lozère; Puy-de-Dôme; Pyrénées-Orientales; Rhône; Savoie; Savoie; Haute-Savoie; Var; Vaucluse
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9
French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances South West August 2015 South-West & Cities Monthly performance Luxury Upscale
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
-8,2%
208 €
1,9%
60,4%
6,8%
219 €
-2,0%
132 €
4,7%
3,7% -7,4% 425 € 19,3% 3,5% 208 € n.d. 11,7% 1,3% 102 € Bayonne-Anglet-Biarritz : in development, sample sub ject to change
380 € 141 € 59 €
-4,0% 23,5% 13,2%
58,8% 54,6% n.d. 68,4%
0,0% 12,4% 14,0%
304 € 217 € n.d. 117 €
-1,2% 7,5% -4,9%
178 € 118 € 80 €
-1,2% 20,9% 8,4%
South-West Bayonne-Anglet-Biarritz Bordeaux Pau Toulouse
Midscale
75,3%
11,0%
277 €
Year To Date performance
89,4% 67,7% n.d. 57,3%
2015
OR Var /n-1
2015
ADR Var /n-1
South-West
68,3%
2,2%
90 €
-0,6%
Bayonne-Anglet-Biarritz Bordeaux Pau Toulouse
n.d. 9,3% 77,3% -11,6% 45,2% 9,7% 53,3%
n.d. 84 € 74 € 77 €
-
3,9% -2,9% -6,7% Bayonne-Anglet-Biarritz : in development, sample sub ject to change
Budget
2015
OR Var /n-1
2015
ADR Var /n-1
62 € 65 € 34 € 41 €
2015
OR Var /n-1
2015
ADR Var /n-1
1,5%
60,1%
2,6%
90 €
2,4%
-
n.d. 67,1% 52,2% 58,7%
-
n.d. 92 € 79 € 93 €
-
13,6% -14,2% 2,4%
RevPAR 2015 Var /n-1
2015
7,0% -6,6% 4,6%
OR Var /n-1
2015
RevPAR 2015 Var /n-1
6,8% -1,7% -2,5%
ADR Var /n-1
54 €
5,1%
62 € 41 € 55 €
14,2% -8,2% 2,0%
-
RevPAR 2015 Var /n-1
0,0%
44 €
0,0%
60,5%
2,5%
62 €
-0,2%
38 €
2,3%
0,6% 5,5% 95 € 9,2% 2,5% 56 € n.d. -2,7% 1,3% 53 € Bayonne-Anglet-Biarritz : in development, sample sub ject to change
90 € 43 € 29 €
6,1% 12,0% -1,4%
63,1% 68,1% n.d. 60,9%
5,4% 8,5% -0,6%
66 € 65 € n.d. 63 €
-2,5% 3,8% -0,1%
42 € 44 € 38 €
2,8% 12,6% -0,6%
South-West Bayonne-Anglet-Biarritz Bordeaux Pau Toulouse
Super Budget
69,1%
0,0%
63 €
RevPAR 2015 Var /n-1
94,3% 77,7% n.d. 54,1%
2015
OR Var /n-1
South-West
77,2%
-0,2%
Bayonne-Anglet-Biarritz Bordeaux Pau Toulouse
n.d. 82,2% 65,9% 67,7%
-
2015
ADR Var /n-1
45 € 40 € 36 € 37 €
2,8%
-
1,5% 4,5% -4,8% 0,9% -1,6% 0,0% Bayonne-Anglet-Biarritz : in development, sample sub ject to change
RevPAR 2015 Var /n-1 34 € 33 € 24 € 25 €
2015
OR Var /n-1
2015
ADR Var /n-1
2,6%
65,9%
-1,6%
41 €
2,6%
-
n.d. 69,2% 54,5% 69,8%
-
n.d. 39 € 34 € 39 €
-
6,1% -4,0% -1,6%
-1,6% -3,6% -0,6%
RevPAR 2015 Var /n-1
5,3% -0,6% 1,4%
27 €
1,0%
27 € 18 € 27 €
3,6% -4,2% 0,8%
-
Departments in the South-Western set : Ariège; Charente; Charente-Maritime; Corrèze; Creuse; Dordogne; Haute-Garonne; Gers; Gironde; Landes; Lot; Lot-et-Garonne; PyrénéesAtlantiques; Hautes-Pyrénées; Tarn; Tarn-et-Garonne; Haute-Vienne
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10 French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances French Riviera August 2015 French Riviera Monthly performance
French Riviera - Luxury French Riviera - Boutique Hotels** French Riviera - Upscale Average Upscale & Luxury
OR 2015 Var /n-1 2,7% 86,0% -2,8% 86,8% -2,2% 87,5% -0,7% 87,0%
Average Midscale
90,5%
August
Average Budget Average Super-Budget
n.d. 91,0%
Year To Date performance
ADR 2015 Var /n-1 4,0% 780 € 5,0% 182 € 9,4% 231 € 7,5% 408 €
RevPAR 2015 Var /n-1 6,8% 671 € 2,1% 158 € 6,9% 202 € 6,7% 355 €
OR 2015 Var /n-1 3,8% 62,7% 1,2% 72,7% 8,3% 65,3% 6,3% 64,8%
-3,0%
134 €
7,1%
122 €
4,0%
69,9%
-
n.d.
-
n.d.
-
-2,6%
59 €
4,6%
54 €
1,9%
n.d. 67,2%
ADR 2015 Var /n-1 11,1% 533 € 1,6% 154 € 4,8% 189 € 7,8% 299 €
RevPAR 2015 Var /n-1 15,3% 334 € 2,7% 112 € 13,5% 124 € 14,6% 194 €
3,4%
112 €
2,0%
78 €
-
n.d.
-
n.d.
-
-0,7%
50 €
2,8%
34 €
2,1%
5,5%
French Riviera Cities Monthly performance August Cannes Cannes Cannes Cannes
- Luxury - Boutique Hotels - Upscale - Upscale & Luxury
Cannes - Midscale
August
OR 2015 Var /n-1 3,7% 84,3% n.d. -2,0% 85,7% 0,8% 84,8% 86,6%
2015
-3,6%
OR Var /n-1
Year To Date performance
ADR 2015 Var /n-1 2,1% 796 € n.d. 12,5% 251 € 6,1% 530 €
RevPAR 2015 Var /n-1 5,9% 671 € n.d. 10,3% 215 € 6,9% 449 €
OR 2015 Var /n-1 4,4% 60,5% n.d. 7,8% 58,4% 5,8% 59,5%
124 €
107 €
61,4%
4,3%
0,6%
ADR 2015 Var /n-1
RevPAR 2015 Var /n-1
2015
1,6%
OR Var /n-1
ADR 2015 Var /n-1 12,7% 547 € n.d. 7,9% 204 € 11,7% 390 € 112 €
0,9%
ADR 2015 Var /n-1
RevPAR 2015 Var /n-1 17,6% 331 € n.d. 16,3% 119 € 18,2% 232 € 68 €
2,5%
RevPAR 2015 Var /n-1
Nice - Upscale & Luxury
90,4%
-1,4%
264 €
6,8%
239 €
5,3%
71,7%
7,3%
207 €
2,4%
148 €
9,8%
Nice - Midscale
90,6%
-3,1%
134 €
7,4%
122 €
4,1%
73,4%
3,8%
112 €
2,5%
82 €
6,4%
August Monaco - Luxury Monaco - Upscale Monaco - Upscale & Luxury
OR 2015 Var /n-1 0,1% 87,6% -0,1% 87,6% -0,1% 87,6%
ADR 2015 Var /n-1 15,6% 787 € 3,6% 405 € 8,2% 514 €
RevPAR 2015 Var /n-1 15,8% 690 € 3,5% 355 € 8,2% 450 €
OR 2015 Var /n-1 14,0% 68,3% 8,2% 69,9% 9,8% 69,4%
ADR 2015 Var /n-1 11,1% 551 € 2,4% 289 € 6,3% 361 €
RevPAR 2015 Var /n-1 26,6% 377 € 10,9% 202 € 16,7% 251 €
* Monaco set include the following cities : Monaco, Roquebrune and Cap d’Ail ** Boutique Hotels: sample excludes Luxury hotels
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11 French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances Coast August 2015 Normandy – Nord-Pas-de-Calais coast Monthly performance Normandy – Nord-Pas-de-Calais coast
OR Var /n-1
2015
2015
ADR Var /n-1
Year To Date performance
RevPAR 2015 Var /n-1
OR Var /n-1
2015
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
Average Upscale & Luxury
65,6%
-3,7%
252 €
-10,3%
165 €
-13,6%
53,4%
10,2%
212 €
-1,2%
113 €
Average Midscale
80,0%
-5,7%
116 €
-0,4%
93 €
-6,1%
66,1%
3,1%
103 €
-0,8%
68 €
2,3%
Average Budget
75,8%
-2,4%
65 €
-3,3%
49 €
-5,6%
61,9%
1,4%
64 €
-2,3%
40 €
-0,9%
Average Super-Budget
80,3%
-2,4%
46 €
1,0%
37 €
-1,4%
63,4%
0,9%
41 €
1,4%
26 €
2,3%
8,9%
Coast: benchmark based on hotel supply in coastal communes, as defined by INSEE Benchmark under development and likely to evolve
Brittany – Pays-de-la-Loire coast Monthly performance Brittany – Pays-de-la-Loire coast
OR Var /n-1
2015
2015
ADR Var /n-1
Year To Date performance
RevPAR 2015 Var /n-1
OR Var /n-1
2015
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
Average Upscale & Luxury
84,1%
0,2%
295 €
1,5%
248 €
1,7%
59,5%
-4,5%
236 €
3,0%
140 €
-1,6%
Average Midscale
86,6%
2,6%
124 €
1,2%
107 €
3,8%
63,8%
7,7%
105 €
1,2%
67 €
9,0%
Average Budget
82,1%
4,2%
77 €
-1,8%
63 €
2,3%
58,6%
5,3%
66 €
0,3%
38 €
5,6%
Average Super-Budget
80,0%
-0,2%
51 €
3,9%
41 €
3,7%
60,1%
1,7%
44 €
2,5%
27 €
4,2%
Coast: benchmark based on hotel supply in coastal communes, as defined by INSEE Benchmark under development and likely to evolve
Charente-Maritime – Aquitaine coast Monthly performance Charente-Maritime – Aquitaine coast
2015
OR Var /n-1
2015
ADR Var /n-1
Year To Date performance
RevPAR 2015 Var /n-1
2015
OR Var /n-1
2015
ADR Var /n-1
RevPAR 2015 Var /n-1
Average Upscale & Luxury
90,2%
3,7%
409 €
-7,0%
369 €
-3,5%
59,7%
0,7%
295 €
-1,5%
176 €
-0,8%
Average Midscale
94,7%
1,9%
146 €
-0,2%
138 €
1,7%
65,4%
8,6%
111 €
-0,4%
72 €
8,2%
Average Budget
93,7%
0,2%
96 €
3,4%
90 €
3,6%
60,5%
6,6%
69 €
-2,0%
42 €
4,5%
Average Super-Budget
92,5%
0,6%
65 €
0,1%
60 €
0,6%
64,6%
-0,4%
51 €
0,2%
33 €
-0,2%
Coast: benchmark based on hotel supply in coastal communes, as defined by INSEE Benchmark under development and likely to evolve
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12 French Hotel Industry Performance – August 2015
© 2015 In Extenso National
Performances Main cities in Regions August 2015
Main cities in Regions – Luxury upscale and midscale Monthly performance Luxury Upscale
2015
OR Var /n-1
2015
ADR Var /n-1
0,6% -4,2% 145 € 3,7% -7,4% 425 € 19,3% 3,5% 208 € 0,8% 6,1% 530 € 5,0% 4,3% 126 € -10,5% -9,9% 98 € 6,3% 3,8% 130 € 0,9% 7,2% 148 € -0,1% 8,2% 514 € 0,0% 2,1% 154 € -1,4% 6,8% 264 € -3,9% 9,9% 94 € 11,7% 1,3% 102 € Bayonne-Anglet-Biarritz : in development, sample sub ject to change
Avignon Bayonne-Anglet-Biarritz Bordeaux Cannes Dijon Lille Lyon Marseille Monaco Montpellier Nice Strasburg Toulouse Midscale
86,9% 89,4% 67,7% 84,8% 79,6% 35,6% 65,1% 89,0% 87,6% 84,7% 90,4% 74,7% 57,3%
2015
OR Var /n-1
2015
ADR Var /n-1
-5,5% 4,2% 83 € 0,4% -2,7% 94 € n.d. 9,3% 3,9% 84 € -3,6% 4,3% 124 € 11,7% -1,1% 89 € 1,5% -3,5% 81 € -14,6% -2,2% 83 € -20,4% 9,7% 73 € 11,9% -5,9% 72 € 4,2% 1,1% 89 € 4,7% -0,4% 87 € 30,8% 12,9% 80 € -0,1% 0,1% 76 € -7,9% -2,0% 78 € -3,1% 7,4% 134 € -11,6% -2,9% 74 € -5,3% 8,1% 99 € -2,4% 4,3% 76 € 6,5% -4,9% 87 € -2,4% 1,0% 79 € 9,7% -6,7% 77 € Bayonne-Anglet-Biarritz : in development, sample sub ject to change
Aix en Provence Avignon Bayonne-Anglet-Biarritz Bordeaux Cannes Dijon Grenoble Le Havre Lille Lyon Marseille Montpellier Nancy Nantes Niort Nice Pau Reims Rennes Rouen Strasburg Toulouse
73,6% 89,8% n.d. 77,3% 86,6% 77,5% 33,5% 67,7% 36,4% 57,0% 81,3% 82,3% 74,7% 57,3% 59,0% 90,6% 45,2% 68,8% 51,0% 66,3% 72,0% 53,3%
Year To Date performance
RevPAR 2015 Var /n-1 126 € 380 € 141 € 449 € 100 € 35 € 84 € 132 € 450 € 130 € 239 € 71 € 59 €
-3,6% -4,0% 23,5% 6,9% 9,5% -19,4% 10,4% 8,2% 8,2% 2,1% 5,3% 5,6% 13,2%
RevPAR 2015 Var /n-1 61 € 84 € n.d. 65 € 107 € 69 € 27 € 56 € 27 € 41 € 72 € 72 € 59 € 44 € 46 € 122 € 34 € 68 € 39 € 58 € 57 € 41 €
-1,6% -2,3% 13,6% 0,6% 10,5% -2,1% -16,5% -12,6% 5,3% 5,3% 4,3% 47,6% 0,0% -9,7% 4,1% -14,2% 2,4% 1,8% 1,2% -1,5% 2,4%
2015 64,1% 58,8% 54,6% 59,5% 62,8% 51,0% 69,0% 67,1% 69,4% 65,6% 71,7% 62,1% 68,4%
2015 64,2% 74,1% n.d. 67,1% 61,4% 61,6% 49,8% 62,6% 57,0% 61,1% 68,2% 65,2% 65,2% 61,5% 53,5% 73,4% 52,2% 61,5% 54,6% 63,2% 61,6% 58,7%
OR Var /n-1 0,1% 0,0% 12,4% 5,8% 10,6% -1,3% 10,5% 0,9% 9,8% 7,1% 7,3% 1,1% 14,0%
OR Var /n-1 2,5% 3,6% 7,0% 1,6% 2,7% 3,2% -4,4% -2,9% 6,8% -1,7% 2,8% 15,3% 5,7% -7,8% 3,8% -6,6% -1,7% -2,8% 4,3% -2,6% 4,6%
2015
ADR Var /n-1
158 € 304 € 217 € 390 € 125 € 127 € 137 € 142 € 361 € 141 € 207 € 112 € 117 €
2015
3,3% -1,2% 7,5% 11,7% 0,1% 3,5% 10,1% -0,6% 6,3% -1,4% 2,4% 3,7% -4,9%
ADR Var /n-1
82 € 100 € n.d. 92 € 112 € 86 € 93 € 86 € 89 € 93 € 92 € 85 € 85 € 88 € 80 € 112 € 79 € 102 € 90 € 91 € 94 € 93 €
-1,7% -0,8% 6,8% 0,9% -0,2% -4,2% 0,9% 4,3% 1,8% -2,2% -0,1% 8,0% 1,3% -0,8% 2,5% -1,7% 5,0% 5,8% -0,4% 0,4% -2,5%
RevPAR 2015 Var /n-1 101 € 178 € 118 € 232 € 78 € 65 € 95 € 96 € 251 € 93 € 148 € 70 € 80 €
3,5% -1,2% 20,9% 18,2% 10,7% 2,1% 21,6% 0,3% 16,7% 5,6% 9,8% 4,9% 8,4%
RevPAR 2015 Var /n-1 53 € 74 € n.d. 62 € 68 € 53 € 47 € 54 € 51 € 57 € 63 € 56 € 55 € 54 € 43 € 82 € 41 € 63 € 49 € 58 € 58 € 55 €
0,8% 2,7% 14,2% 2,5% 2,5% -1,2% -3,5% 1,2% 8,8% -3,9% 2,7% 24,6% 7,1% -8,6% 6,4% -8,2% 3,2% 2,9% 3,9% -2,1% 2,0%
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Performances Main cities in Regions August 2015
Main cities in regions – Budget and Super Budget Monthly performance Budget
2015
OR Var /n-1
2015
ADR Var /n-1
-9,7% -6,5% 61 € 3,6% -6,8% 48 € -6,2% -1,6% 67 € 0,6% 5,5% 95 € 9,2% 2,5% 56 € -0,2% -3,5% 57 € -13,3% -3,3% 51 € -6,8% -0,9% 52 € -1,2% -7,7% 49 € 1,8% 6,2% 56 € 0,7% 1,8% 63 € 7,5% -4,4% 48 € -2,2% 3,3% 74 € 14,5% -2,6% 51 € 16,6% -3,2% 53 € -12,7% 2,5% 57 € n.d. n.d. -16,7% 0,7% 54 € -14,2% -0,8% 57 € 3,7% -1,2% 51 € -2,7% 1,3% 53 € Bayonne-Anglet-Biarritz : in development, sample sub ject to change
Aix en Provence Angers Avignon Bayonne-Anglet-Biarritz Bordeaux Dijon Grenoble Le Havre Lille Lyon Marseille Metz Montpellier Nancy Nantes Niort Pau Reims Rennes Rouen Strasburg Toulouse Super Budget
70,2% 54,2% 70,7% 94,3% 77,7% 78,9% 35,6% 65,1% 44,9% 55,9% 81,6% 74,6% 83,5% 74,7% 51,6% 54,9% n.d. n.d. 51,1% 53,4% 82,0% 54,1%
2015
OR Var /n-1
2015
ADR Var /n-1
-6,3% 3,3% 38 € -5,6% -2,9% 38 € n.d. 1,5% 4,5% 40 € -7,5% 2,3% 40 € -22,3% -0,4% 36 € -6,1% 0,4% 40 € -4,4% -0,5% 36 € -1,3% 0,2% 37 € 2,6% 0,2% 43 € -15,8% 3,5% 37 € -6,9% 5,5% 48 € -2,8% 1,1% 41 € -0,8% 2,7% 42 € -0,6% 8,7% 37 € -4,8% 0,9% 36 € -12,7% 0,4% 38 € -7,5% 3,4% 44 € -4,5% 5,3% 40 € -1,6% 0,0% 37 € Bayonne-Anglet-Biarritz : in development, sample sub ject to change
Angers Avignon Bayonne-Anglet-Biarritz Bordeaux Dijon Grenoble Le Havre Lille Lyon Marseille Metz Montpellier Nancy Nantes Niort Pau Rennes Rouen Strasburg Toulouse
56,6% 68,9% n.d. 82,2% 65,9% 39,1% 76,7% 49,1% 58,4% 86,0% 64,9% 86,0% 49,2% 60,7% 79,5% 65,9% 42,0% 59,0% 64,5% 67,7%
Year To Date performance
RevPAR 2015 Var /n-1 43 € 26 € 48 € 90 € 43 € 45 € 18 € 34 € 22 € 31 € 51 € 36 € 61 € 38 € 27 € 31 € n.d. n.d. 27 € 31 € 42 € 29 €
-15,5% -3,4% -7,7% 6,1% 12,0% -3,7% -16,2% -7,7% -8,9% 8,1% 2,5% 2,7% 1,0% 11,5% 12,9% -10,5% -16,1% -14,9% 2,5% -1,4%
RevPAR 2015 Var /n-1 21 € 26 € n.d. 33 € 27 € 14 € 31 € 17 € 22 € 37 € 24 € 41 € 20 € 25 € 29 € 24 € 16 € 26 € 26 € 25 €
-3,2% -8,4% 6,1% -5,3% -22,6% -5,7% -4,9% -1,0% 2,8% -12,9% -1,8% -1,7% 1,8% 8,0% -4,0% -12,4% -4,4% 0,6% -1,6%
2015 62,5% 59,0% 63,7% 63,1% 68,1% 72,6% 51,4% 52,3% 64,1% 64,5% 68,6% 67,2% 71,0% 70,2% 57,9% 52,5% n.d. n.d. 61,6% 58,6% 70,0% 60,9%
2015 56,8% 63,8% n.d. 69,2% 64,8% 53,1% 63,0% 59,0% 63,6% 68,4% 63,3% 65,9% 58,6% 66,6% 65,7% 54,5% 56,9% 62,3% 60,6% 69,8%
OR Var /n-1 -4,6% 1,9% 0,3% 5,4% 8,5% -0,6% -3,2% -7,6% 3,7% 3,6% 2,0% 10,3% -0,1% 5,8% 5,3% -6,7% -1,2% -2,9% -0,2% -0,6%
OR Var /n-1 -6,5% -7,1% -1,6% -4,8% -2,9% -12,0% -3,2% -0,7% 1,5% -8,9% -6,8% 2,2% 5,0% 3,7% -3,6% -0,3% 3,1% -4,9% -0,6%
2015
ADR Var /n-1
64 € 62 € 69 € 66 € 65 € 61 € 59 € 56 € 69 € 72 € 65 € 57 € 70 € 61 € 64 € 59 € n.d. n.d. 64 € 61 € 61 € 63 €
2015
-0,8% -3,7% -1,3% -2,5% 3,8% -2,5% -2,3% -1,3% 0,5% 8,9% -1,2% -6,4% 0,0% -2,0% -0,8% -3,6% 0,2% -0,1% -2,1% -0,1%
ADR Var /n-1
40 € 37 € n.d. 39 € 39 € 37 € 39 € 39 € 40 € 41 € 38 € 39 € 39 € 43 € 34 € 34 € 40 € 44 € 41 € 39 €
RevPAR 2015 Var /n-1 40 € 36 € 44 € 42 € 44 € 44 € 30 € 29 € 44 € 46 € 45 € 38 € 50 € 43 € 37 € 31 € n.d. n.d. 40 € 36 € 43 € 38 €
-5,4% -1,9% -1,0% 2,8% 12,6% -3,1% -5,5% -8,7% 4,3% 12,7% 0,8% 3,3% -0,2% 3,7% 4,4% -10,1% -1,0% -3,1% -2,3% -0,6%
RevPAR 2015 Var /n-1
2,2% -1,3% 5,3% 1,9% -3,1% -2,2% 1,9% 3,1% -0,9% 3,3% 2,5% 2,3% 0,5% 3,1% -0,6% 0,2% 0,7% 3,4% 1,4%
23 € 23 € n.d. 27 € 25 € 19 € 24 € 23 € 26 € 28 € 24 € 26 € 23 € 29 € 23 € 18 € 23 € 27 € 25 € 27 €
-4,5% -8,3% 3,6% -3,0% -5,9% -13,9% -1,4% 2,4% 0,6% -5,9% -4,5% 4,6% 5,5% 6,8% -4,2% -0,1% 3,9% -1,7% 0,8%
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14 French Hotel Industry Performance – August 2015
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Information Definitions
Occupancy Rate (OR) : Rooms sold divided by rooms available multiplied by 100. Rooms Available : The number of rooms times the number of days in the period. Average Daily Rate (ADR) : Room revenue divided by rooms sold. Revenue per Available Room (RevPAR) : Room revenue divided by rooms available. ADR and RevPAR are expressed in Euros, excluding VAT
Categories
Luxury Hotels: France’s most prestigious hotels that distinguish themselves through their exceptional location, building and design, as well their outstanding product and service quality. Highly reputed, these establishments cater to a particularly discerning clientele. Upscale Hotels: Hotels operating at the higher end of the market and consequently offering a wide range of amenities. These establishments are less prestigious than Luxury Hotels and cater to a wider range of guests. Midscale Hotels: Veritable bridge between higher category and entry-level hotels, Midscale Hotels benefit from a wide range of facilities and amenities, but to a lesser extent than Upscale Hotels. Budget Hotels: Hotels that offer a restricted range of facilities and amenities. Budget hotels primarily target those guests particularly preoccupied by value for money. Super Budget Hotels: Hotels that offer a ‘no frills’ approach, with a very limited range of services. Price is the key decision-factor for guests.
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 SACHA FOURNIER (
[email protected]) In Extenso Tourism, Culture & Hospitality - 7 rue Ernest Renan - 92136 Issy Les Moulineaux - France
15 French Hotel Industry Performance – August 2015
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Information In Extenso – member of Deloitte About Deloitte in France Deloitte & Associés is the Deloitte Touche Tohmatsu member firm in France and the professional services are delivered by Deloitte & Associés, its subsidiaries and affiliates. Deloitte calls on diversified expertise to cover the scope of services required by its clients of all sizes from all sectors - major multinationals, local micro-companies and medium-sized enterprises. Our 6,000 professionals and partners embody the vigor and success of the Firm in their commitment to clients and their constant concern for service excellence. Deloitte offers a very comprehensive range of services: audit, consulting and risk services, tax and legal, accounting and corporate finance, in accordance with its multidisciplinary strategy and ethical approach. For more information, visit www.deloitte.fr About In Extenso A member of Deloitte Touche Tohmatsu, In Extenso is an entity dedicated to small and medium-sized businesses. Almost 3 300 employees in 170 agencies in France serve 70 000 clients, including companies, firms, entrepreneurs, tradesmen and women, self-employed lawyers and doctors, associations and local authorities. Tourism, Culture & Hospitality Desk In Extenso is one of the leading advisors in Tourism, Culture & Hospitality industries worldwide. We provide many consulting services for different stakeholders of the tourism industry :
Market and feasibility studies
Valuation of hotel and tourist assets
Urban tourism development plans
Human Capital
Others services
• Detailed market study
• A detailed market study
• Dynamic review of existing supply
• Hotel benchmark survey
• Product analysis (strengths, weaknesses, necessary renovations and refurbishments
• Analysis of the impact of development factors (economy, transportation, tourist markets, etc.)
• Aligning Human Resources with the strategic goals of the company
• Operational recommendations to respond to the requirements of potential clients • Determination of the product-service concept • Determination of client target the price positioning • Revenue estimations (accommodation, food and beverage, other…) • Operating forecasts over several years : establishment of expense items to determine the project’s profitability (GOP, cashflows
• Forecasts over several years • The application of the discounted cash-flow method, completed by market references (recent and comparable transactions) and the use of the others methods, specially adapted to each case (multiple of turnover or GOP, approaches linked to the real estate market, etc).
• Analysis of supply/demand situation • Assessment of development ambitions and objectives • Recommendations on strategy
• Identification of operators and investors
• Mastering operational risks in terms of HR and abiding by the regulations
• Optimize your information systems • Marketing audits
• Incorporating the human dimension in all your reorganization and transformation processes
• Quality control
• Developing an attractive and incentive remuneration policy
• Etc.
• Organizational audits and management support
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 SACHA FOURNIER (
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16 French Hotel Industry Performance – August 2015
© 2015 In Extenso National