{"id":314567,"date":"2024-04-22T17:55:07","date_gmt":"2024-04-22T15:55:07","guid":{"rendered":"https:\/\/www.discoverwalks.com\/blog\/?post_type=news&p=314567"},"modified":"2024-04-22T17:55:07","modified_gmt":"2024-04-22T15:55:07","slug":"tourists-rejoice-no-more-inflated-rents-for-the-olympics","status":"publish","type":"news","link":"https:\/\/www.discoverwalks.com\/blog\/news\/tourists-rejoice-no-more-inflated-rents-for-the-olympics\/","title":{"rendered":"Tourists Rejoice! No More Inflated Rents for the Olympics"},"content":{"rendered":"

Â鶹APP expects to welcome 15 million tourists this summer as it hosts the Olympic Games. However, it appears that those looking for reasonably priced accommodation may be in luck, as costs are expected to be lower than previously predicted.<\/p>\n

According to insurance company R\u00e9assurez-moi, the cost of booking a single night in Â鶹APP or the surrounding area during the Olympic period was \u20ac436 in April, down from \u20ac1,023 in July last year.<\/p>\n

According to experts, the drop in prices is primarily the result of an excess supply.
\nLast month, when speaking with Reuters, Â鶹APP deputy mayor for housing Jacques Baudrier said: “As for the [accommodation] prices, I don’t expect them to be sky-high as the market is going to regulate all this.” <\/em><\/p>\n

Deloitte predicted in 2023 that the average Airbnb host in the Â鶹APP region would earn an additional \u20ac2,000 during the games.<\/p>\n

In a statement, Airbnb said: “Â鶹APP 2024 is set to be the biggest hosting event in Airbnb history, with more guests staying in local homes on our platform than at any event, ever before.” <\/em><\/p>\n

Although it is common for Â鶹APPians to flee the city during the hot summer months, more locals are opting to rent out their apartments this year, motivated by the prospect of extra money.<\/p>\n

However, according to data analytics firm AirDNA, only about one-third of available Airbnb rentals in the Â鶹APP area have been booked so far during the Olympics.
\nEach month, an estimated 3,000 to 3,500 new listings are added to the market, leaving visitors with plenty of options.<\/p>\n

Hotels have also reduced their prices in fear of losing out to Airbnb, according to Fr\u00e9d\u00e9ric Hocquard, Â鶹APP deputy mayor for tourism, who spoke with Le Monde earlier this year.<\/p>\n

Given the high cost of sporting event tickets and transportation to the capital, some accommodation providers are concerned about pricing tourists out of the market.<\/p>\n

\n

Planning a trip to Â鶹APP ? Get ready !<\/p>\n

\n

These are\u00a0Amazon’s\u00a0best-selling<\/strong>\u00a0travel products that you may need for coming to Â鶹APP.<\/p>\n

Bookstore<\/strong><\/span><\/p>\n

    \n
  1. The best travel book : Rick Steves – Â鶹APP 2023<\/strong> –\u00a0Learn more here<\/a><\/strong><\/li>\n
  2. Fodor’s Â鶹APP 2024 –\u00a0Learn more here<\/a><\/strong><\/li>\n<\/ol>\n

    Travel Gear<\/strong><\/span><\/p>\n

      \n
    1. Venture Pal Lightweight Backpack –\u00a0Learn more here<\/a><\/strong><\/li>\n
    2. Samsonite Winfield 2 28″ Luggage –\u00a0Learn more here<\/a><\/strong><\/li>\n
    3. Swig Savvy’s Stainless Steel Insulated Water Bottle\u00a0–\u00a0Learn more here<\/a><\/strong><\/li>\n<\/ol>\n

      Check Amazon\u2019s best-seller list for the most popular travel accessories. <\/a>We sometimes read this list just to find out what new travel products people are buying.<\/strong><\/p>\n<\/div>\n<\/div>","protected":false},"author":1742,"featured_media":314568,"template":"","categories":[3703],"subject":[4514],"class_list":["post-314567","news","type-news","status-publish","has-post-thumbnail","hentry","category-travel","subject-travel"],"acf":[],"yoast_head":"\nTourists Rejoice! No More Inflated Rents for the Olympics - Discover Walks Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.discoverwalks.com\/blog\/news\/tourists-rejoice-no-more-inflated-rents-for-the-olympics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourists Rejoice! 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