"Bobby Roufaeal, who manages more than a dozen short-term rentals in New Jersey, said a luxury rental in the state could bring in $240,000 between June 11 and July 19 when the tournament runs. He said he's tripling rates for his units in anticipation of fan inflow for the games and fielding calls from homeowners looking to capitalize on demand."
"One six-bedroom Airbnb Inc. property in Princeton, New Jersey, is offered at roughly $6,000 a night during the World Cup, about 140% higher than its price a year ago. That's despite being more than an hour's drive from the games being played at MetLife Stadium."
"The tourism boom is expected to lift hotel rates in the host cities by an average of 300% around opening matches, the New York Times has reported."
"Mehdi Salem, the founder of French soccer fan association Les Baroudeurs du Sport, is finding ways to save money as he organizes accommodations for 80 of his members to see France play at MetLife. He's squeezing eight people in a room designed to sleep four and booked hotels in Manhattan more than a year before the games when prices."
The World Cup is creating a lucrative opportunity for property rentals, particularly in the tri-state area. Luxury rentals in New Jersey could earn up to $240,000 during the tournament. Rental prices are increasing dramatically, with some properties seeing rates rise by 140%. The influx of visitors is expected to boost hotel rates by an average of 300%. Homeowners are eager to capitalize on this demand, while travelers face rising costs for accommodations and tickets, prompting creative solutions for budget management.
Read at Fortune
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