paris hotels
Paris Hotels Already 50% Booked for Summer Olympics
CoStar Group | February 6, 2024
WASHINGTON – 6 February 2024 – Paris’ hotel occupancy on the books is already topping 50% for the 2024 Summer Olympics, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Paris’ highest booking levels fall during the weekend of 2-3 August, with both nights at 59.2%. At this time last year, the comparable levels for those nights were 5.0% and 4.5%, respectively. Also of note, the Olympics impact is reflected in hotel bookings across the entire Ile-de-France region. The highest levels are seen on Saturday, 3 August (44.9%) and Sund...
Paris Hotels Reached 2019 Profitability Level in March
STR | May 4, 2022
LONDON—Among key hotel markets in Europe, Paris was the only one to achieve gross operating profit per available room (GOPPAR) that was 100% of the 2019 comparable, according to STR’s March 2022 P&L data release. After two consecutive months with negative levels, due largely to the impacts of the omicron variant, Paris posted a March GOPPAR of US$117.26. Also reporting significant month-over-month improvement, London posted a March GOPPAR of US$90.82. That level was 87% of the pre-pandemic comparable after the market had reached just 38% using the same comparison in February. Amsterdam’s GOPPAR was 68% of the 2019...
