Parisian luxury hotels: From gloom to boom? | hotelnewsnow.com
With record room prices of €1,000 (US$1,297) and occupancies of 95%, the luxury hotel sector in Paris is flourishing. But is the market ready to absorb a string of new openings forecast for the coming two years? It was back in October 2006, when hotel news headlines in France announced that Parisian palaces—ultra-luxury hotels, such as Hôtel de Crillon and Hôtel Plaza Athénée—were going “full sail.”
