Summer Olympics drove Paris room rates to all-time highs
WASHINGTON – The Summer Olympic Games drove Paris hotel average daily rate (ADR) to an all-time high, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
The highest ADR was seen on opening night (Friday, 26 July) at 876.26 euros, with the following four nights also registering room rates above 800 euros. Room rates stayed above 700 euros for the remainder of the event period. Paris’ previous...
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