Parisians Expect to Cash In with Airbnb During 2024 Olympics Despite Tighter Regulations

7/27/2023

According to a study by Deloitte commissioned by Airbnb and published in April, prices for the Île-de-France (Paris) region will rise 85 percent during the 2024 summer Olympic Games. Airbnb’s total economic impact on France during the Olympics is expected to be over €1 billion, including revenue from hosts, profits for the hospitality industry and local businesses, and indirect effects on various sectors of the economy. However, large French cities such as Marseille, Bordeaux, and especially Paris often blame platforms such as Airbnb for exacerbating housing shortages and increasing the costs of rentals for locals. France has already imposed a limit of 120 days per year for short-term rental properties. But some municipalities are choosing to regulate further. Brittany’s Saint-Malo, for example, France’s 2019 champion of short-term rentals, has imposed strict neighborhood quotas. And in June, French Finance Minister Bruno Le Maire announced that the ministry is working on closing tax loopholes that benefit short-term rental companies like Airbnb.

France 24 (07/26/23)

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