Half-year results of the Majestic Cannes Hotel as of April 30, 2025

The Société Immobilière et d'Exploitation de l'Hôtel Majestic has published its financial results for the first half of 2025. The hotel operated for 149 days, 17 more than in 2024, but saw its occupancy rate drop to 35.7% from 41.6% the previous year.

Average room revenue increased slightly by 1.4% to €433.7 million, but accommodation revenue declined from €8.1 million to €7.8 million. RevPar also decreased to €154.70, compared to €176.80 last year.

The food and beverage and other revenue segments, including spa and venue rentals, saw declines, recording revenue of €5.2 million. The half-year deficit reached €3.0 million, compared to €1.1 million last year, partly due to rising labor costs.

For the summer, the hotel remains optimistic but cautious, despite a good start to the season thanks to the Cannes Film Festival.