((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Like many Parisians, Martin Cassan will take the opposite view of the tidal wave of Olympic visitors which will sweep over the French capital at the end of July, taking advantage of the opportunity to earn a little money by renting out his apartment.
Located under the magnificent Parc des Buttes-Chaumont, a 30-minute walk from the Parc de la Villette where several delegations will have their team house during the Games, Cassan’s apartment is bathed in light and will be filled with the books of the 37 year old man – and even food.
In April, his one-bedroom apartment will be rented for 90 euros a night, before prices rise to 330 euros a night during the Games from July 26 to August 11.
Reuters saw a two-bedroom apartment with a private terrace in Le Marais, closer to the city center, listed for 500 euros a night. It has not yet been rented, according to its owner.
“There will be a lot of people in Paris, where it is very hot in the summer. Using public transport will be a bit complicated, so I prefer to be somewhere less crowded and quieter,” said Cassan, a account manager, at Reuters.
Cassan will receive around 45% of the price of the night which he will receive after deducting the share of the accommodation operator Airbnb
ABNB.O, taxes and cleaning fees.
“If the accommodation is rented for the duration of the Games, that’s more than a month’s salary,” he said.
However, he has not forgotten the Olympic spirit and could volunteer for the Paralympic Games which will take place from August 28 to September 8.
Airbnb said Paris 2024 would be “the biggest event in Airbnb’s history, with affordable and convenient accommodation in the cities hosting the events, but also in the surrounding towns, which are generally less touristy”, according to Clément Eulry , director for France and Belgium at Airbnb.
“According to Deloitte, stays on Airbnb should allow hosts to generate additional income for Ile-de-France residents and generate more than a billion euros of economic impact in France,” he told Reuters.
Paris, however, has strict rules and allows owners to rent out their apartment for a maximum of 120 days per year.
“It is, however, difficult to control. But a law about to be adopted will make the task of our agents easier and we will be able to crack down on illegal rentals more effectively,” Jacques Baudrier, deputy mayor of Paris, told Reuters. responsible for housing.
“As for prices, I don’t expect them to soar because the market will regulate all that”