Hotel professionals point to the risk of a"bad buzz" if the Games fail, yet they also warn that, following the example of previous hosts, the Olympics are certain to drive up prices for years to come.
"At the Rio Olympics in 2016, Airbnb helped to increase accommodation capacity. And at the Athens Olympics in 2004, large cruise liners were put in the port to cover accommodation needs," he said.In terms of"hotel density, Paris and its region are superior to New York and very well positioned compared to London", said Vincent Bollaert, Director of France for property specialists Knight Frank.
"In London in 2012, there was no visitor boom, but those who came for the Games were prepared to pay much more: prices rose by 100% and more, and they remained higher in subsequent years."It has some 2,100 establishments with 124,000 rooms and"has attracted 1.3 billion euros in investment, an increase of 35% compared to 2019, before the pandemic", he said.