Like many Parisians, Martin Cassan will leave the French capital when the wave of tourists and visitors linked to the Olympic Games hits, while taking advantage of this opportunity to rent his apartment.
Located on the outskirts of the magnificent Parc des Buttes-Chaumont, a 30-minute walk from the Parc de la Villette where several delegations will accommodate their members, Martin Cassan’s apartment is bathed in light.
In April, his two-room apartment will be rented for 90 euros per night compared to 330 euros during the Olympic Games, from July 26 to August 11 – still far from the fantasized amounts that circulated last year.
Reuters notably saw a three-room apartment in the Marais, with a private terrace, offered at 500 euros per night.
“There will be a lot of people in Paris, plus it’s hot at this time, transport will be more complicated so I prefer a place where there will be fewer people and more calm,” Martin Cassan told Reuters, 37 year old accounting manager.
He will receive approximately 45% of the 300 euros of each night’s rental once Airbnb operating costs, taxes and cleaning fees are deducted.
“If it is rented during all the Olympics, it is more than a month’s salary which will arrive on its own,” added Martin Cassan.
“Paris 2024 is poised to become the biggest event in the history of Airbnb, with affordable and practical accommodation in the cities hosting events but also the surrounding towns, usually less touristy,” said Clément Eulry, director of Airbnb for France and Belgium.
“According to Deloitte, stays on Airbnb should allow hosts to generate additional income for the inhabitants of Ile-de-France and generate more than a billion euros of economic impact in France,” he said. he told Reuters.
However, Paris imposes strict rules and allows owners to rent their apartment for a maximum of 120 days per year.
“It’s difficult to control but a law which is about to pass will make the task of our agents easier and we will be able to dismantle illegal rental in a more efficient way,” the deputy mayor of Paris in charge of housing, Jacques Baudrier.
“Regarding the prices, I don’t expect them to be crazy since the market will regulate all that.”
(Reporting by Yiming Woo, Elizabeth Pineau and Julien Pretot, French version Vincent Daheron, editing by Kate Entringer)