>Paris's luxury hotels brace for new Asian rivals

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>Reuters) – Luxury Parisian hotels are entering 2011 knowing they need a combative spirit and ambitious initiatives to protect their turf from the arrival of powerful Asian chains such as Shangri-La, Mandarin Oriental and Peninsula.
The three luxury Asian hotel groups have invested heavily to get a foothold in Paris, ranked as one of the world’s top tourist destinations, prompting rival European five-star hotels to make major refurbishments and review their strategies.

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