PARIS – Hotel prices in Paris during the 2024 Olympics are already increasing by more than three-and-a-half times the usual summer rates, less than a year ahead of the games.
For those arrivals, there are about 280,000 rooms available per day across the greater Paris region, a spokesperson for the Paris tourism office said.Five-star hotels are seeing relatively smaller price spikes than their typically affordable neighbours, with rates of US$1,607 a night, compared with US$625 for a typical July stay.
“More affordable” options available during the Olympics are commonly commanding prices that would be typical of luxury hotels – between US$500 and US$600, according to a spokesperson from Expedia Group, referring to the inventory on that platform. Rooms are filling up quickly regardless: 45 per cent of rooms in Paris are already reserved during the games, according to data from tourism research firm MKG. Typically only 3 per cent of rooms are booked a year ahead.