Paris tourism starts recovery

As data from Trivago and research firm MKG Consulting indicates, the French capital is the second most preferred destination this year, after London, with increasing room occupancy rates and hotel prices up to 17% more expensive when compared to pre-pandemic year of 2019. On average, a hotel room in Paris costs 173 euros per night.

 

According to the Organization for Economic Cooperation and Development, tourism in Paris, one of the most visited cities worldwide, accounts for 7% of the country’s economy.

Moreover, after France has lifted Covid-19 regulations this month, visitor numbers are expected to sky rocket, as Parisian hotel revenues are up 20% and occupancy rates at around 90% of the first half of 2019.

“I think we’ll see the best year we’ve ever seen. We’re going to surpass 2019. The future is wonderful”, commented Jean-Bernard Falco, founder group Atop.

High jumps in hotel room bookings have been reported in April and May, with searches up even by 60% when compared with the pre-pandemic period.

Americans are also returning to Paris, encouraged by a stronger dollar and the lack of Covid-19 related mandates.

“We’re very happy to see Paris become reinvigorated again”, added Maud Bailly, Accor’s CEO for Southern Europe.

 

Source: bloomberg.com