Half-year financial results of the Hotel Majestic Cannes as of April 30, 2026

The Société Immobilière et d'Exploitation de l'Hôtel Le Majestic (SIEHM) has published its results for the first half of 2026. The hotel was open for 134 days, 15 fewer than the previous year. Despite this reduction, the occupancy rate increased to 45%, compared to 35.7% in 2025. However, average revenue per available room decreased by 0.8%. Accommodation revenue increased to €8.9 million.

Food and beverage sales exceeded €5.8 million, an increase of 11.3%. Other revenue, including rent and miscellaneous services, reached €5.6 million. The half-year deficit was reduced from €3.0 million to €2.0 million, an improvement attributed to seasonality.

Payroll and operating expenses increased by 8.2% and 4.8%, respectively. May and June saw strong activity thanks to events such as the Cannes Film Festival. However, uncertainties remain for the summer due to the competitive and international environment.