Despite the current crisis, the French capital claims its top spot for new luxury hotels worldwide, with three major deluxe openings: MANDARIN ORIENTAL, SHANGRI LA and RAFFLES. Paris is the European capital which has held a constant pricing among its deluxe hotels during 2009 at an average of EUR 600/night(single), while other major European capitals have cut prices. Plaza Athenee Hotel of The Dorschester Collection Hotels has the highest priced suite in Paris, at EUR 30.000.
The move by French authorities to introduce the five star rating has also been welcomed by the hotels. Until 2009, the most luxurious hotels in Paris would only hold the French four star, at maximum deluxe.
The highest ranking chain hotels in Paris have been Four Seasons and Park Hyatt, yet the arrival of Mandarin Oriental is most likely to change the top hierarchy.