The 5-star offer recorded an exceptional increase of +20% over a 5-year period. Given the increase in demand and the effects of the Covid 19 pandemic, the occupancy rate will remain under pressure in the run-up to the Olympic Games. The occupancy rate achievable by each establishment will depend on its exposure to business customers,...
PARIS: Average price difference of 700 euros in the Palace category in Paris, a confusing distinction?
Between 2010 and 2020, the face of the luxury market in Paris fundamentally changed. In 2010, the small group of the most exclusive hotels in Paris had relatively uniform performance. The difference in REVPAR between the first and last hotels in the sample was barely a hundred euros. Between 2010 and 2019, openings and renovation projects doubled the number of rooms and marked a renewal in the history of luxury hotels in Paris.
The Palace: return on investment or return on ego?
Every time a new prestigious hotel opens, I am asked about the returns earned by investors seeking the Palace distinction in Paris despite the doubling of Palace supply in the city. In order to answer this legitimate interrogation, I start by explaining the profile of these investors (private fortunes mostly from Asia and the Middle East),