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Paris hotel rates skyrocketed during the Olympics, setting new records in ADR and RevPAR, according to CoStar Group. Full story: #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #hospitalitynews #parisolympics2024

With the celebration of the #OlympicGames, Paris, the host city of this edition, has become the top destination for tourist demand. By #monitoring hotel rates, we have observed that the average price of a room has even tripled, depending on the city, location, and type of accommodation. To optimize your work and boost your #directsales, we have used Price Seeker v4 to analyze rates during the last 15 days of the event. Discover how this tool helps maximize your profits and differentiate you from the competition. Read the full article here ⬇

What are the biggest hotels in Mexico, and what do they have to offer? Check out my latest report in TravelAge West

Interesting article by Skift suggesting the volume of visitors attending the Paris Olympics and staying in local hotels is not as robust as expected. The big question is how much Parisian hotels increased their prices and whether the overall revenue will increase compared to last year. After the pandemic, hoteliers realized it was better to increase prices than drive occupancy, and perhaps this is why volumes of hotel bookings are not as high as during previous Olympics, in addition to the spike of Airbnb listings. https://lnkd.in/e9X8cH7W

🚀 Introducing HostelX: Your Ultimate Hostel Search Platform 🏨✨ Finding the perfect hostel has never been easier! Whether you're a student, traveler, or professional, HostelX is here to help you discover the best hostel options tailored to your needs. 🔍 What’s in it for you? - Explore detailed listings with room options, prices, and amenities like Wi-Fi, gym and parking space - Use advanced filters to find hostels by city, price range, or facilities - See real-time availability and precise locations to find hostels near key landmarks 🎥 Watch our video overview to see how HostelX connects users with hostels effortlessly. And for hostel owners, discover how you can list and manage your properties to reach more guests. Check out the video below and let HostelX simplify your search for the perfect stay! 👇 #HostelX #HostelHunt #HostelSearch #StudentHousing #Travel #Accommodation #PropertyManagement

Sports tourism along with events focused tourism are becoming a huge influence on how we travel. The World Cup in 2026, the Olympics this summer, along with the Taylor Swift effect, are just a few examples of how big these segments are becoming and how our industry needs to capture as much revenue as possible before, during and after these events.

Social, leisure events drive coastal region occupancy to 74.45% in September: Namibia’s coastal region witnessed a surge in tourism activity in September 2024, with an occupancy rate of 74.45%, marking the highest occupancy rate recorded across the country. The growth was driven by a variety of social, sporting and leisure events, including annual sports marathons and regional festivals. In contrast, the central region saw the lowest occupancy […]

This is really very insightful in regards to Future of Hospitality. Sports Tourism has already started contributing a big portion to Hospitality industry revenue. Dive in to the article to get more insights. #InforHospitality #hospitality #tourism #sportstourism

Calling All Paris Hotel Investment Hunters! As the countdown to the 2024 Olympics in Paris accelerates, the city's hospitality industry is experiencing unprecedented growth and demand, and we at Fan Worldwide France, along with our colleagues, are desperately scrambling to find hotels for sale. It's like a game of hide-and-seek but with no hotel keys! 🏨 Occupancy Rates Soar: With over 50% of hotel rooms already booked, Paris is gearing up for a historic summer. Projections reveal a staggering 72.6% occupancy rate for luxury and upscale accommodations in August alone, marking a notable 9.1% increase compared to 2023. It seems like everyone wants a piece of the Parisian pie! 💰 Price Surge: The anticipation of the Olympics has driven average prices to new heights. Luxury and upscale categories are particularly lucrative, with anticipated increases of +8.7% and a jaw-dropping +72.7% respectively. 🔍 Limited Supply Boosts Revenue: Despite the soaring demand, the pace of new hotel openings remains modest. With only a 1.0% increase in available keys expected, the scarcity of supply is driving up occupancy rates and revenue per available room. It's like winning the lottery for Parisian hoteliers! 📜 Historical Context: Comparisons with previous Olympic host cities paint a compelling picture. While London, Rio de Janeiro, and Beijing experienced significant hotel expansions leading up to the Games, Paris has seen a slowdown in new hotel openings. This unique scenario sets the stage for unparalleled revenue potential and investment opportunities in the Parisian hospitality market. In summary, Paris is poised for an extraordinary summer, with the Olympics and the highly anticipated reopening of Notre Dame Cathedral expected to attract millions of visitors from around the world. With such promising figures and market dynamics, it's no surprise that hotels are not up for sale in Paris. However, fear not! There are some fantastic opportunities just outside of the capital - contact us to find out more regarding the hotels we have available, lower prices, and higher returns on your investments. 🏨💼 #Paris2024 #Hospitality #Olympics #InvestmentOpportunities #RecordProfits #HotelHunting

Local Attractions Matter! 🌟 Yes, you heard that right! When setting up a serviced accommodation property, it’s not just about the property itself, it’s about the location too. One of the most important factors for a successful serviced apartment is the availability of local attractions. Take us as an example. We chose London. Why? Simply because London is overflowing with history, culture, and opportunities, making it a standout choice for serviced accommodation. From the iconic Big Ben and Tower Bridge to cultural gems like the British Museum and West End Theatres, London offers endless experiences that attract tourists, business travelers, and families alike. But that doesn’t mean you need to pick a city like London to succeed. Any location surrounded by exciting or unique local attractions can be a winning choice for your property. It could be a bustling seaside town or a vibrant market town. What matters is offering guests easy access to things they’ll want to see and do. Hope this strategy helps you in finding the perfect spot for your serviced accommodation! Want more tips? Follow me for more insights! 😊 #ServicedAccommodation #propertyinvestment #HolidayLetTips #londonpropertymarket #LocationMatters #property #ladyboss #womeninproperty