Hundreds of popular French ski resorts, including La Plagne and Les Arcs, will benefit from a €72 million upgrade over the next five years.
Like all holiday resorts, ski accommodation needs to be kept up to date and on par with demand. Many of the French ski resorts that were built decades ago no longer cater for the 21st century winter traveller. However, significant renovations will see these accommodations become more suitable and desirable for skiers.
Fonciere Renovation Montagne is a real estate company that will lead this exciting project. Made up of French property owners and financial institutions, the business will invest in local property companies in ski resorts. They have become aware that managing older buildings to increase occupancy during the winter season is critical and hope to improve the economic development of these areas. They also hope that this project will encourage other property owners to upgrade their facilities.
It has been revealed that the start of the project will see around 500 apartments renovated with an estimated amount of €72 million being spent.
A statement from Compagnie des Alpes read "Resorts' activity is highly dependent on being able to offer abundant and attractive tourist accommodations. However, when faced with a reduced and aging offering of lodgings, new construction - when still possible - alone cannot suffice. Renovating and managing older leisure buildings to increase occupancy during the tourist season have become critical for the future of these resorts. Both elected officials from winter sports resorts and local actors are mobilizing to tackle the issue."