Games cause increase of up to 475% in the hotel chain
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You 2024 Summer Olympics will cause an increase of between 314% and 475% in the hotel chain’s daily prices in the Paris region, according to the French capital’s Tourism department. A Paris 2024 Olympics It takes place from July 26th to August 11th.
The increase in prices is greater in establishments classified with two (366%) and three stars (475%). In July this year, the average cost of a night’s stay in the city was 169 euros (R$907). To book accommodation in July next year, you will need to pay, on average, 699 euros.
Paris is one of the most desired tourist destinations in the world. There are around 50 million visitors per year, even without the lure of an Olympics.
The price spike comes despite the Tourism Secretariat’s estimate that 90% of Olympic fans will be French and many will be staying at the homes of friends or family.
For the day of the Olympics opening ceremony, July 26, half of the hotels are already empty, and the average price is 1,033 euros. The data comes from a study by a consumer association in France that surveyed 80 establishments.
As a result, the cost of accommodation is more than double the value of the most expensive ticket on sale in November for the opening. Prices ranged from €90 to €500.
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