The 2024 Summer Olympics are about to bring a wave of excitement to Paris. But, while athletes and coaches are eagerly preparing, airlines are feeling the sting of a different kind of “wave.” Fewer tourists than expected are heading to the City of Lights during the Games.
The Olympic Impact on Travel
Despite the anticipation for the Games, major airlines are reporting significant drops in flight bookings to Paris. Delta Air Lines alone expects to lose a whopping $100 million due to this decline, citing reduced tourism and business travel.
While 15 million visitors are predicted for the Games, only 2 million are expected to arrive from overseas. This lack of international travelers is creating a major headache for airlines like Delta and Air France, both of which are forecasting substantial financial losses during the Olympic period.
Why is Paris Facing a Tourist Drought?
Experts like Daniel Burnham point to high prices as the primary culprit. While some wealthy travelers are unfazed by the inflated costs, average tourists are feeling the pinch, especially after the post-pandemic travel surge that saw skyrocketing prices.
Expensive accommodations are adding insult to injury. Hotel prices in Paris are two to three times higher than they were in 2023, with many requiring longer minimum stays. This financial burden is prompting many tourists to consider alternative destinations or even commuting from nearby cities for specific Olympic events.
The Olympics are also causing local Parisians to rethink their summer travel plans, with many choosing to stay home or postpone their trips.
Finding Affordable Accommodation
So, how can budget-conscious travelers find a deal in Paris during the Olympics? Burnham suggests expanding your search beyond central Paris. Hotels near suburban train stations with direct links to the city center offer more affordable options.
He also recommends checking out areas like Disneyland Paris, which has easy access to transportation and numerous hotels.
Burnham also reminds travelers that seven French cities are hosting Olympic events, with lower prices and smaller crowds than Paris.
Post-Olympic Travel: A New Opportunity
Burnham predicts a post-Olympic surge in travel bookings, with excellent fares available in late August and September. This “sweet spot” will be ideal for tourists seeking to avoid the Olympic crowds and enjoy Paris at a more affordable price.
The Olympics may be causing a temporary downturn for airlines, but experts believe that the long-term benefits of infrastructure improvements and increased tourism will eventually outweigh the short-term losses. Paris will still be welcoming visitors after the Games, with the city’s iconic charm and rich history continuing to draw travelers from around the world.
