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.
According to Bloomberg, the outrageous prices for summer 2024 are more than three and a half times the average summer rates. Paris anticipates more than 11 million tourists during the Olympic Games, which begin on July 26, 2024, with only roughly 280,000 rooms accessible per day across the wider Paris region.
According to a Google search, the average price for a 4-star hotel for the week beginning July 22 is $629 per night. The search engine stated that this is a huge increase from the previous average price per night in July of $145 to $378. The week beginning July 29 is even more expensive, with a 4-star hotel averaging $703 per night.
For the week of July 22nd, a luxury 5-star hotel costs an average of $1,044 per night. While the price is considerable, it is a less drastic hike when compared to typical July costs, which can reach $736 per night, according to Google.
According to Bloomberg, 45 percent of Paris hotel rooms have already been reserved. This is faster than usual because just 3% of rooms are generally booked that long in advance.
The demand comes as Paris battles a bed bug infestation just nine months before the Olympics. The eerie parasites have been sighted at Charles de Gaulle airport, the Paris metro, high-speed trains, and other public places.
Nonetheless, Paris is gearing up to host the Games throughout the city, including swimming competitions in the Seine. In 2025, the city will open three official bathing areas, allowing people to swim in the famed river for the first time in more than a century.
The historic Palais Brongniart, which originally housed the Paris Stock Exchange, will be renovated into the Team USA House, which will be open to Americans who book an official hospitality and travel package.