The Radisson Group (formerly the Carlson Rezidor Group) was appointed in 2015 to replace the former hotel management company. During their first year of operation as Radisson Blu hotels, the results had been deceiving. However, with gradual repositioning of the hotels as well as good cost control there has been increased profitability. The success of the turnaround operated by Radisson can be measured through key hotel ratios, Occupancy (%), TREVPAR and GOPPAR. The increase in occupancy is distorted by the change in reporting period as well as a 3 weeks closure of the Radisson Blu Azuri for soft refurbishment in June 2018.
However, when considering the same periods year on year, the occupancy was above 80% over the last 3 years. Combined TREVPAR increased by 16% in 2019, mainly as a result of the good performance of Radisson Blu Azuri. GOPPAR of the 2 hotels increased by 45% resulting from the combined effort on revenue and cost control (+23% for Radisson Blu Poste Lafayette and +66% for Radisson Blu Azuri).