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Paris 2024: hotel prices during the Olympics drop slightly

2023-12-02T05:58:01.394Z

Highlights: Paris 2024: hotel prices during the Olympics drop slightly. According to the survey carried out among twelve randomly selected establishments, the rates between last summer and next August are. Two properties are now fully booked and two others offer prices similar to our first survey. Six hotels have significantly reduced their prices. An example is a 4-star hotel in Lyon, which in August offered a double room for 972 euros during the Olympic period, compared to 309 euros currently. The prices offered are expected to fall slightly further in the coming months.


According to the survey carried out among twelve randomly selected establishments, the rates between last summer and next August are


The bill is always salty. And the quest to find a hotel room at an attractive rate during the Paris Olympics (26 July - 11 August) is almost impossible. According to the surveys we carried out with twelve randomly selected establishments in Île-de-France and in the host cities, the prices of double rooms with breakfast are on average multiplied by 4.3 between August 2023 and next August. This summer, during our first price observatory, the increase was even more impressive, with offers multiplied by 6.6 on average.

"Prices will stabilize and rationalize," says Frank Delvau, president of the Umih (Union des métiers de l'hôtellerie) Île-de-France. When you're on an X3 or X4, it's a good average. During the Rugby World Cup, the price increase was in that range. »

Prices could fall further in the coming months

In fact, most hotels have already lowered the cost of an overnight stay. While two properties are now fully booked and two others offer prices similar to our first survey, six hotels have significantly reduced their prices. An example is a 4-star hotel in Lyon, which in August offered a double room for 972 euros during the Olympic period, compared to 309 euros currently.

"Usually, as a matter of principle, we set high rates a year in advance," explains Guillaume Verchere, the managing director. We finalized our budget for 2024 as well as our sales and revenue strategies a few days ago. A similar reduction has been applied to other dates outside the Olympic period. This is solely due to yield management (governing supply and demand). »

According to professionals, the prices offered are expected to fall slightly further in the coming months. "Most of the rooms are not yet on the market and will only be on the market from January," says Frank Delvau. After that, many hoteliers are waiting for a clearer picture of the number of visitors before setting their prices. We have only just known the traffic plan, transport fares will take off, there will be no planes on the day of the opening ceremony: it is not certain that a tidal wave will invade Paris this summer! »

Source: leparis

All business articles on 2023-12-02

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