Paris Hotel Market 2026: Occupancy, ADR, RevPAR, Pipeline and Recent Sales

Paris hotel market at a glance

Paris entered 2026 having fully normalised after the 2024 Olympic year. Occupancy recovered strongly while ADR eased only slightly from Games-inflated 2024 rates, lifting RevPAR in most published samples (Cushman, In Extenso, HVS). Investment stayed deep by European standards but behind London on Savills/RCA sterling comparators (£1.6bn Paris vs £3.0bn London in 2025; £663m vs £1.4bn in H1 2026).

Do not blend samples without labels. Cushman publishes Inner Paris vs Greater Paris. In Extenso publishes a Paris panel with higher occupancy/ADR than Cushman’s Inner Paris. HVS publishes a separate Paris sample (occ ~78%, ADR “close to €350”, RevPAR €271). CoStar/STR monthly releases are a further series. Each figure on this page is labeled.

2025: post-Olympics occupancy rebound

Inner Paris (Cushman FY 2025): occupancy 80.7% (+4.3 ppts), ADR €223.5 (−1%), RevPAR €180.4 (+4%). Cushman & Wakefield

Greater Paris (Cushman FY 2025): occupancy 72.3%, ADR €160, RevPAR €115.7 (flat vs 2024). Cushman & Wakefield

In Extenso TCF: Paris occupancy 82% (record), ADR €239 (−1%), RevPAR +5%; Île-de-France outside Paris RevPAR −9% (Olympic-era supply hangover). In Extenso

HVS Market Pulse 2026: Paris occupancy 78% (ten-year peak / matching 2018), ADR close to €350 (~−2%), RevPAR €271 (+3% vs €263 in 2024); RevPAR ~60% above 2019 nominal. HVS

Olympics baseline (MKG, 23 Jul–6 Aug 2024): occ 84.0%, ADR €424.5, RevPAR €356.6 — Games window comparison only, not a full-year 2024 run-rate. MKG

Do not blend Cushman Inner Paris (€223.5 ADR / 80.7% occ) with In Extenso (€239 / 82%) or HVS (~€350 / 78%) into a single “Paris” figure. Label every sample.

2026: solid H1, French Open peak

H1 2026 (Cushman): Greater Paris RevPAR €116 (+3.7%), occupancy 73% (+1.8 ppts), ADR €160 (flat). Inner Paris RevPAR €180 (+3.1%), ADR €223 (+1.8%). Cushman & Wakefield

May 2026 (CoStar): occupancy 81.5%, ADR €401.43, RevPAR €326.97 — highest May ADR and RevPAR on record (French Open). CoStar

December 2025 (CoStar): occupancy 76.7%, ADR €371.87, RevPAR €285.13 — highest December on record; NYE RevPAR €547.00. CoStar

In Extenso’s 2026 forecast: Paris RevPAR +2% (forecast, not realised). In Extenso forecast

Monthly / period tracker

Each row is labeled by source. Cushman Inner vs Greater, In Extenso, HVS and CoStar/STR are separate series — do not mix without labels.

Performance by hotel class

Coming soon. Dubai-style full occupancy-by-class bars (palace through economy) are not publicly available for Paris in the free sources reviewed for this page. Do not invent them.

Available sourced notes:

• HVS: luxury and palace segments are key ADR drivers; values were flat in 2025 (HVI).
• Cushman H1 2026: half of transactions involved upper-upscale; prime yields 4.75–5.25% in Paris; trophy compression on assets such as Hôtel Fauchon.

We will add class bars when a free, Paris-specific by-class table is published.

Hotel pipeline 2026–28

HVS: about 3,300 rooms across 27 projects through ~2030 (~3–3.4% of ~97,000-room stock); ~43% under construction; ~46% within the next two years; >50% midscale; ~26% upscale/upper-upscale. HVS

Named openings / pipeline

Landmark hotels

Pullman Paris Tour Eiffel — 435 keys at the foot of the Tower (MSREI/Batipart PRs); sold Apr 2026 to Batipart/CDC/SGA/QuinSpark consortium (~€430m reported by IPE/HVS; Cushman “more than €400m”); 5-star repositioning planned (~24 months).

Pullman Paris Montparnasse — 957 keys; Bain Capital / Columbia Threadneedle / QuinSpark from URW (2025); price published as a €300–310m range (Christie €310m; HVS/CoStar ~€300m).

Hôtel Banke → Radisson Collection — 90 keys Opéra; Pontegadea €97m; rebrand Q4 2026.

The Maybourne Saint-Germain — ultra-luxury + residences; 2027; Maybourne PR 101 keys (HVS 124).

Tour Triangle Radisson Blu — 128 keys; mid-2027 (Paris je t’aime).

Recent Paris hotel sales

Disclosed 2025–2026 trades below. Where sources disagree on price or keys, the difference is labeled — not averaged. Secondary or disputed prices are not used in the headline cards. USD via Frankfurter ECB EURUSD on the deal/announce date (example: Pullman Tour Eiffel €430m × 1.1797 on Apr 17, 2026 ≈ $507.3m).

Greater Paris 2025 average price/room €349,484 (murs et fonds, Cushman). H1 2026 average ex–Pullman Tour Eiffel €291k/key (Cushman). Pullman Tour Eiffel key count: use 435 from MSREI/Batipart PRs (HVS table once used 430). Montparnasse shown as a €300–310m band.

Investment volume and capital context

Buyer mix Greater Paris 2025: private investors about two-thirds of volume (Cushman). H1 2026: private buyers 47% of volume (Cushman/Galivel).

Visitors and the taxe de séjour

• Airport traffic 2025 (HVS citing): Orly + CDG ~107 million passengers (+3.4% vs 2024 record 103.4m).
• Visitor mix 2025 (HVS): ~60% international / 40% domestic; INSEE cited as confirming a new high-water mark — primary INSEE headcount not re-pulled for this page.
• Association meetings 2025 (HVS): 174 internationally ranked (vs 124 in 2024; 237 in 2019).
• Taxe de séjour (Paris): From 1 Jan 2026, palace total €15.93 and 5-star €11.70 per adult per night (all parts); 4-star €8.45, 3-star €5.53, 2-star €3.25, 1-star €2.60 unchanged vs 2025 totals. Only palace and 5-star municipal parts were revalued (+1.8% CPI rule). The 200% Île-de-France Mobilités additional part has applied since 2025. Sources: Paris je t’aime 2026 PDF; service-public.fr. We do not invent a revenue yield.

Paris vs London

Use only sourced pairs. Samples and methodologies differ — the same caveat as on our Dubai and London market pages.

Top owners, operators and brokers

Public-source short list for market context (not a featured-partner roster; contact no one from this page alone):

Active buyers / owners: Batipart / CDC / Société Générale Assurances / QuinSpark; Bain Capital / Columbia Threadneedle; Pontegadea; Barceló; OrigInn; Galapagos (Fauchon).

Active brokers / research: JLL Hotels France, CBRE, Cushman & Wakefield, Christie & Co, HVS, In Extenso, MKG, Savills (volume comparator).