Hotels de Paris Weathers Industry Challenges

Hotels de Paris (FR:HDP) has released an update.

Hotels de Paris, under Machefert Group, reported a year of growth and innovation in 2023, despite various challenges in the Parisian hotel industry. The group launched new dining concepts, a boutique hotel, and a comprehensive rebranding, while navigating social disruptions and economic pressures. With a total turnover increase of 1% to €41.4 million, the company saw a notable expansion in non-hotel services, although accommodation revenue fell by 7%.

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