HospitalityOn

🏅 July marked the start of the Paris Olympic Games and the Tour de France, boosting French hospitality performance, despite not winning "gold" for attendance. Average prices climbed notably. Regions showed variable results: Provence-Alpes-Côte-d’Azur maintained a top position, while Hauts-de-France and Ile-de-France saw record increases. French hotel occupancy in July fell by 1.5 points, less than the previous month's 4.6 points drop, reaching an occupancy rate of 70.4%.

🏨 European hospitality in July sees an occupancy rate of 74.8%, a slight increase of +0.4 point from July 2023 and +0.8 point from July 2022. South Europe performs well, while Central and Eastern Europe, especially the Czech Republic, Latvia, and Germany, show even more dynamism. This positive trend reverses the previous months' tendencies, indicating a robust industry performance.

🎭 Disneyland Paris, France's most visited destination, sees a financial high in the 2022/2023 period with record revenues of €2.356 billion, marking a 27.4% increase from the previous year. Leisure parks, including Disneyland Paris, are evolving from day-visit locations to full-fledged destinations by expanding parks, adding new attractions, enhancing hotel offerings, and developing MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities. Walt Disney Parks & Resorts and Four Seasons Hotels & Resorts, based in the United States and Canada respectively, are key players in this sector.

🏨 Accor reported a revenue of €2.677 billion for the first half of 2024, an 11% increase from the same period in 2023. Premium, Mid-scale, and Economy division saw a 4% rise, while the Luxury & Lifestyle division surged by 22%. RevPAR grew by 4% in the former and 8% in the latter division. The Americas led regional growth with 12%, followed by the Middle East, Africa & Asia-Pacific at 7%, and Europe & North Africa at 1%. EBITDA for the Premium, Mid-scale, and Economy division rose to €360 million (up 9%), and the Luxury & Lifestyle division's EBITDA reached €196 million (up 13%) compared to the first half of 2023.