m.welsch

🏦 Mandarin Oriental now manages the iconic Hôtel Lutetia, rebranded as Mandarin Oriental Lutetia, Paris, joining its existing property on Rue Saint-Honoré. As the sole Palace hotel on Paris' Left Bank, it boasts a rich history since 1910, housing notable figures such as Picasso and Matisse. Following a 2018 renovation by Jean-Michel Wilmotte, the hotel merges tradition with modern luxury, featuring the Parisian Brasserie Lutetia, Akasha Wellness, and Bar Josephine. Owners, the Akirov family, share Mandarin Oriental's vision for luxury hospitality.

📌 Radisson Hotel Group plans expansion across Europe with over 37,000 new rooms globally. In 2024, the group had a historic year with numerous hotel signings and openings. It leads in the upper-upscale segment in Europe with brands like Radisson Blu, Radisson Collection, and Radisson RED. New collaborations include the Porsche Design Tower in Stuttgart and Manchester City Football Club in the UK. In 2025, Radisson reopened the Radisson Collection Hotel in Berlin and will launch HARBR Hotel Heilbronn (127 rooms) and HARBR Hotel Konstanz (76 rooms) in Germany, adding to its existing 64 hotels in the country. Four new properties in Norway and an entry into the Spanish and Portuguese markets mark the company's growth. In Paris, two flagship hotels are under development, and the Medlock Hotel at the Manchester City Football Club's Etihad Campus will open in 2026 with over 400 rooms. Radisson is also expanding in the Middle East, Asia, and the Pacific, with significant growth in India to reach over 200 hotels in operation or under development.

📈 MIPIM 2025, with over 20,000 participants from 90 countries, expanded its exhibition space by 5% to 20,600 m². Despite the rainy weather in Cannes, the 34th edition saw a RevPAR growth of +4% due to a +5.8% increase in average daily rates. Occupancy in Cannes' midscale and upscale hotels dropped slightly (-1.2 points) compared to 2023 (70.7% vs. 71.5%). The broader Cannes and Antibes hotel market experienced a -1.5 point drop in occupancy but an +8.4% rise in average daily rates, leading to a +6% increase in RevPAR.