Classic luxury hotels in Paris register higher occupancy
Le Crillon, one of Paris’ top luxury hotels closed down last week for extensive renovations, with an estimated opening for late 2015 probably under the management of the Rosewood Hotels & Resorts. The closure of Le Crillon comes less than a year after the closure of The Ritz Paris, which is also undergoing major renovation works.
The almost 300 rooms and suites take off the market, have left regular guests of the two hotels opting for other similar classic style hotels, the biggest beneficiaries being the Plaza Athenee, Le Bristol and Four Seasons George V. All the three hotels have been running higher occupancy rates at this time of the year, compared to previous years (all running above 90% occupancy) – trend which is likely to be maintained for the rest of the year, with a more balanced occupancy expected, once the brand new Peninsula Paris opens Spring 2014.
This is not the case for the contemporary luxury hotels in Paris, with make up a generous supply – Le Royal Monceau Raffles, Mandarin Oriental Paris, W Paris Opera, Park Hyatt Vendome. Other luxury hotels in Paris expected to close for renovations this year: Lutetia (owned and managed by The Set Hotels) and Hotel du Louvre (future Andaz Paris) – adding to the contemporary luxury hotels supply in Paris.