ITB 2024 Special Reporting
Paris hotel rates, a real asset.
Monday, 5th September 2005
Source : MKG Consulting
This survey is concerned with hotel rack rates in three principal sectors: budget, corresponding to the French 2* category; mid-range or 3* and top of the range or 4* and 4*L.

Based on the data provided by 400 hotels polled in twenty major international cities and tourist destinations, the conclusions are distinctly positive.

In the budget category, showing an average rate of 83€, Paris maintains its position as the 3rd least expensive city after Budapest and Frankfurt, with prices that are considerably lower than the global average rate for all the cities included in the survey, 113€.

In the mid-range sector, with an average rate of 173€, Paris comes out well whereas London stands at 246€ and New York peaks at 257€. Only the Eastern European cities and the two major Spanish cities offer more attractive rates.

As regards top of the range hotels, Paris at 379€ remains one of the most expensive cities, topped however by Geneva at 412€. The excellent quality of Paris's 4* and 4*L hotels bears out these rates, which in 2005 have drawn closer to those of London (358€) and New York (332€).

Paris's competitiveness is reinforced by the minimal difference between single and double room rates, only 3% over all categories.

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