Paris hotels struggle with low demand as Olympics approach
Why are Paris hotel bookings low ahead of the Olympics?
Paris hotel bookings are low ahead of the Olympics due to several factors. The Olympic Games effect has led to increased prices, traffic restrictions, and a tripled tourist tax, making the city less attractive for tourists. Additionally, the weather has been difficult, further discouraging visitors. Many tourists are holding out for last-minute price reductions, resulting in lower occupancy rates for hotels and apartments.
What is the current occupancy rate in Paris hotels?
The current occupancy rate in Paris hotels is experiencing a decline, with a drop of almost 25% compared to previous years, just weeks before the summer Olympic Games. Last July, the average occupancy rate was 90.7%, but current projections estimate up to 40 unsold rooms per hotel during the 2024 Olympics.
How did the occupancy rates compare to previous years?
The occupancy rates in Paris ahead of the summer Olympic Games are down by almost 25% compared to previous years, with some hotels experiencing only half the occupancy seen in prior years. Apartments on Airbnb in May have also struggled to reach full capacity, with occupancy rates ranging from 20% to 25%.