The Olympic Games in Paris drove average daily rates for hotel rooms to an all-time high, according to data from CoStar, a property analytics provider.
Paris saw a room rate increase of 141%, according to the data. Accommodation rates spiked on the opening night of the Olympics on July 26 at 876 (R17 515) per room, per night.
Room rates remained above 700 (R13 840) for the duration of the games. The previous record peak for Paris room rates was in June 2023 when average daily rates reached 622 (R12 435) per room, per night.
RevPAR increased year-on-year by 200%. This easily surpasses the rates seen during the 2012 Olympics in London.
Occupancy in Paris grew only 24,1%, less than that seen in London.
