IG Group, a global leader in online trading, reveals that fans of Germany and Slovakia descending on Lille in France this weekend for their Round of 16 clash at Euro 2016 can expect to fork out the most for a hotel room.
Analysing the average hotel price per match during the group stage of the tournament*, prices are 395% higher in Lille during Euro 2016 than the average price during 2015 making it the most expensive host city to stay in.
According to IG’s analysts, AccorHotels, which is the largest provider of hotels across France, is anticipated to be one of the main beneficiaries from France hosting the tournament.
AccorHotels, which has a portfolio of 1,598 hotels throughout France and a wide range of hotels in close proximity to each of the host venues for Euro 2016, incorporates brands including Sofitel, Novotel, Mercure, Ibis and F1.
The stocks of AccorHotels and others which might be affected by Euro 2016 that IG are following can be viewed here.
As illustrated by the table below, Lille is the most expensive city in which to stay overnight of all the host cities where Round of 16 matches are taking place.
Alexandre Baradez, IG France, said: “France accounts for more than a quarter of Accor’s portfolio throughout the world with 28% of their hotels located in the country hosting Euro 2016.
“Accor’s stock has been performing well since mid-February, but started to retract in June as it tracked the wider European stock indices lower. The global macro-economic and political concerns are driving the direction of stocks in the near term.
“Any positive impact on Accor’s bookings being thanks to the tournament will become evident once it reports its results for the quarter later in the year.”
IG has created a Euro 2016 landing page, which includes some of the shares that IG is tracking during the tournament with comment from some of their analysts across Europe, at http://www.ig.com/uk/euro-2016