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Price Surge: The Soaring Costs of Rentals and Hotels During the Olympic Games in Paris

DECRYPTION – On online platforms, the increase in the price of rentals and hotels over the period of the Olympic Games is reaching new heights. The State and the players in the sector are studying ways to deal with it.

Will it therefore be necessary to spend a fortune to settle down in Paris on the evening of the opening of the Olympic Games? For the past few days, many media have been highlighting the explosion in housing prices in the capital and its surroundings during this event which runs from July 26 to August 11, 2024. While millions of visitors are expected, the figures, shared especially by our colleagues from the Parisianmake you dizzy.

On the internet, a double room in a hotel in Belleville, in the 20th arrondissement of Paris, is thus displayed at 803 euros per night on Booking.com, the day of the opening of the Games. A price 453% higher than in August 2023 for the same room, in the same establishment. A superior room in a five-star hotel in the 9th arrondissement sees its price soar, in eleven months, from 408 to… 10,008 euros. A two-star hotel in the 8th arrondissement goes from 133 to 379 euros for a standard room. Near Saint-Denis (93), a double room in a mid-range establishment goes from 95 to 242 euros, when, in Saint-Ouen, a 15m2 room in a three-star is displayed at 5003 euros, against less than 100 euros right now.

Same observation for renting an apartment on Airbnb…

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2023-08-13 07:10:20
#Paris #unlimited #surge #rental #hotel #prices #Olympics

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