KPMG’s latest study on the luxury hotel industry shows that the sector has recovered this summer and returned to its pre-Covid performance.
According to KPMG’s annual report on the luxury hotel industry, its performance during the 2022 summer period was above 2019 levels in some territories. But the sector seems to be returning to a dynamic booking outlook, regaining or even exceeding the levels recorded before the health crisis.
At the end of August 2022, the return of foreign visitors, combined with a still high level of domestic visitors, contributed to saturation in certain destinations. Indeed, in July and August, RevPAR grew by 22% compared to 2019 in France and by more than 30% in Ile-de-France and PACA. Attendance has thus returned to “pre-pandemic” levels, with hotel occupancy rates up 14 points compared to summer 2021.
Also at the end of August 2022, hoteliers benefited from a good increase in prices, which enabled them to return to their pre-crisis operating margin levels.
Featured photo : © Hôtel Cheval Blanc, Maldives
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Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.