Turnover: 76.74 million EUR (2020)

Country: France

Louvre Hotels Group (ex-Groupe Envergure and ex-Louvre Hôtels) is a French hotel group that owns, manages and franchises hotels.

France's second-largest hotel group

In , the Chinese group Jin Jiang International, 2ᵉ global hotel group, acquired the activities of Louvre Hotels Group.

The group now has more than 1,200 hotels in some 50 countries, including around 800 in France alone for the economy and mid-range offer, with the following brands: 1ère classe, Kyriad, Campanile, Tulip Inn, or Golden Tulip and Royal Tulip for the high-end.

News

Campanile, Kyriad: a clean sweep at Louvre Hotels 19/12/2023

  • Louvre Hotels Group (LHG) is the number two hotel group in France
  • LHG is currently present in 70 countries with over 1,700 establishments.
  • In France, it operates just under a thousand establishments.
  • LHG plans to invest around 400 million euros over the next five years, 70% of which (around 280 million euros) will be dedicated to France.
  • More than half of the Group's hotels are operated by franchisees.
  • 80% of LHG's hotel portfolio will be renovated by 2028.
  • LHG operates around 500 hotels in China and plans to continue its development in this country.
  • LHG's main competitor in France is Accor, followed by B & B Hôtels.

A new boss and a new start for Louvre Hotels Group 11/05/2023

  • LHG (Louvre Hotels Group) is France's number 2 hotel group, a subsidiary of the Chinese conglomerate Jin Jiang.
  • Jin Jiang is the world's number 2 in the hotel sector (1.2 million rooms under its brands for just over 12,000 hotels, according to MKG).
  • Popular LHG brands in France: Première Classe, Campanile, and Kyriad.
  • LHG absorbed the Dutch Golden Tulip in 2009.
  • The Campanile brand has 65 units in China, with a further 47 announced.
  • LHG boasts over 500 hotels in operation in China.
  • The group acquired the Indian hotel operator Sarovar and continued to distribute the Golden Tulip brand.
  • LHG has around 1,700 hotels in some 60 countries.
  • In 2017, LHG acquired a "majority stake" in the French network of independent hoteliers Hôtels & Préférence.
  • Radisson Hotel Group represents 1,100 hotels and over 200,000 rooms in operation and under development.
  • Jin Jiang has been Accor's largest shareholder since 2016 (12.92% of share capital and 16.82% of voting rights at December 31, 2022).

Financial Data

DUNS: 309071942

Legal Name: LOUVRE HOTELS GROUP

Address: 1 PL DES DEGRES TOUR VOLTAIRE, 92800 PUTEAUX

Number of employees: Entre 250 et 499 salariés (2019)

Capital: 117 624 016


Financial Data:

Year Turnover (€) Net Profit (€) Fiscal Year End Fiscal Year Duration
2020 76 738 820 EUR -46 899 547 EUR 31/12/2020 12
2019 139 882 149 EUR 39 046 166 EUR 31/12/2019 12
2018 136 224 774 EUR 23 245 436 EUR 31/12/2018 12
2017 132 664 090 EUR 32 003 991 EUR 31/12/2017 12
2016 127 931 789 EUR 20 722 322 EUR 31/12/2016 12
2015 125 252 566 EUR 19 401 548 EUR 30/06/2015 12

Company Managers:

Position First Name Last Name Age Linkedin
Président Frédéric ROULOT 63
Directeur général Gengyun AI 54

Studies mentioning this company

The hotel market - France

Other companies mentioned:

  • Accor Hotels
  • Intercontinental Hotels Group
  • Louvre Hôtels Groupe
  • B&B Hotels
  • Hotels Balladins
  • Best Western France
  • Fast Hotel
  • Booking.com
  • Egencia France
  • Amadeus
  • Cepton - Vintura International
  • Ibis hotel (Accor groupe)
  • Radisson Hotels
  • Marriott
  • Logis Hotel
  • Relais & Chateau
  • The Originals Hotels
  • Adagio Aparthotel
  • Mercure (Accor groupe)
  • Novotel (Accor Groupe)
  • Campanile (Louvre Groupe)
  • Kyriad (Louvre Groupe)
  • Sofitel (Accor)
  • Passman
The luxury hotel market - France

Other companies mentioned:

  • Accor Hotels
  • Intercontinental Hotels Group
  • Barrière Groupe
  • Booking.com
  • Egencia France
  • Relais & Chateau
  • Radisson Hotels
  • The Originals Hotels
  • Logis Hotel
  • Mandarin Oriental
  • Peninsula Hotels
  • Four Seasons Hotels and Resorts
  • Louvre Hôtels Groupe
  • Sofitel (Accor)
  • Le Shangrila Hotel Paris
  • Oetker Collection
  • The Leading Hotels of the World
  • Kempinski Hotels
  • Tiara Hotels & Resorts
  • Marriott
  • Hilton Hôtels
  • Domaines de Fontenille
  • Hyatt
  • LBHC Boutique Hôtels Collection