Disappointing half-year results for the Majestic Cannes Hotel

The Hôtel Majestic Cannes' half-year report shows a decline in revenue and a widening loss. For the six-month period ending April 30, 2025, revenue reached €18.194 million, compared to €18.405 million for the previous period. This decline was accompanied by an increase in operating expenses, from €22.448 million to €23.458 million, generating a deficit of €4.644 million. Despite a 1.4% increase in average revenue per room, RevPAR fell to €154.70. Food and beverage revenue also declined by 3.2%.

Despite an extended opening period (149 days compared to 132 the previous year), the occupancy rate fell to 35.7%. Forecasts remain cautious for the summer season, despite an expected improvement in activity.