French Hotels Had Strong 2018 Year Despite Protests: MKG

www.oann.com | 10/19/2018 | Staff
erinmmarion (Posted by) Level 3
PARIS (Reuters) – Four weekends of anti-government violence on the famous Champs-Elysees avenue cost Paris hoteliers some 18 million euros ($20.43 million) in lost revenue as tourists canceled bookings, research firm MKG said on Tuesday.

However, the overall French hotel sector did very well in 2018, helped by a return of foreign tourists to Paris and on the French Riviera.

Hotel - Occupancy - Rates - Percentage - Point

French hotel occupancy rates rose by 1 percentage point to 68.2 percent during the year while prices rose by nearly 5 percent.

Revenue per Available Room (RevPAR) in France rose 6.6 percent to exceed 60 euros for the first time...
(Excerpt) Read more at: www.oann.com
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