After tough times in 2015 and early 2016 in France and Turkey, two consecutive days in July 2016 were hopefully their
nadir: a Tunisian drove a truck into crowds on Bastille Day in Nice (14 July) and the next day Turkey suffered an
attempted coup d’état (15 July). As an excellent reflector, hotel performance trends can show world events in stark
relief – RevPAR in Paris fell by -13.3% and in Istanbul by -42.6%.