STR: France’s Daily Hotel Occupancy Plummets to as Low as 3.3%

STR | March 23, 2020

LONDON—As the COVID-19 situation in France has worsened, the country’s daily hotel occupancy plummeted to as low as 3.3% on 17 March, according to preliminary data from STR and In Extenso TCH. Daily occupancy in the country was as high as 65.3% on 26 February and had been positioned above 30% through 12 March. However, a sharp downward trend began as the number of confirmed COVID-19 cases grew and the government implemented measures to combat the spread. STR’s most recent data for 17 March showed that just three of 100 rooms on average were occupied in the country. At the market-level, Paris reached a daily occupancy peak...