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