Tourism residences: moderate summer 2016 for pros of the sector

French tourism residences experienced a better August 2016 than July 2016, according to a study conducted by the national union of tourism residences, the SNRT, among its members.

Facilities in urban zone suffered the most during the summer 2016. The foreign clientele portion decreased to 28% compared 33% over the summer 2015.

Operations decreased by 10% in Paris and Ile-de-France. On the contrary, cities like Lyon and Bordeaux fared quite well.

As for residences at the sea, in the mountains, and in the countryside, after a slow month of July, they recorded a “sharp recovery of operations” in August 2016, according to a statement by the SNRT.

In August 2016, the occupancy rate reached 80% in the mountains.

However, in the South-East region, many professionals stated that they had to multiply promotional offers to compensate for the decline in demand over summer. Consequently, this led to a drop in revenues: up to -15% on the French Riviera.

Résidences de tourisme : un été 2016 nuancé pour les pros du secteur