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Occupancy at luxury hotels in France drops due to Ramadan season

According to research company MKG, for a third consecutive year, occupancy and rates at luxury hotels in France, specifically Paris and the French Riviera have registered sharp decreases due to the Ramadan season which keeps away the wealthy Middle Eastern wealthy travellers. On July 7 this year, three days since the start of Ramadan this year, occupancy at top luxury hotels in Paris dropped by 14%, with average nightly rates dropping by 9%. The ‘return’ of the Middle Eastern travellers is expected end of August, however, MKG estimates that the rise in accommodation rates due to the increase in VAT in tourism by French authorities might drive wealthy consumers towards other European destinations.

Fouquet’s Hotel, Paris

 

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