MIPIM and Cannes Festival 2025: two showcases, two hotel dynamics
📈 MIPIM 2025, with over 20,000 participants from 90 countries, expanded its exhibition space by 5% to 20,600 m². Despite the rainy weather in Cannes, the 34th edition saw a RevPAR growth of +4% due to a +5.8% increase in average daily rates. Occupancy in Cannes' midscale and upscale hotels dropped slightly (-1.2 points) compared to 2023 (70.7% vs. 71.5%). The broader Cannes and Antibes hotel market experienced a -1.5 point drop in occupancy but an +8.4% rise in average daily rates, leading to a +6% increase in RevPAR.
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