In the last 30 days alone, rates for three-star properties during the Olympics have dropped by 9 per cent. Four-star hotels have fallen by 8 per cent in the same spell. But five-star luxury establishments are holding prices up slightly better, down by 6 per cent.
Current market occupancy rates continue to hover around 50 per cent, as they have done for some time. Last month The Independent revealed that top tourism officials in Paris expect hotel occupancy to be between 60 and 70 per cent during the Games.
We have 160,000 rooms in the Paris Region, which is more than London had in 2012. So we have what it takes to accommodate everybody. What we compare to is London in 2012, where the the hotels in London were very expensive at the beginning and they had to bring down the prices.
According to Lighthouse data, overall hotel rates in Paris during the Olympics are still 95 per cent higher than at the same time in 2024. The most expensive date to stay during the Games is 4 August 2024, when a five-star hotel room is averaging 1,566 (1,349).
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