Travel
Paris Hotels Slash Prices 41% From Peak to Lure Olympic Visitors
Hoteliers have given up on the dream of charging triple their normal rates. But for some, cutting prices may be too little too late.
A street scene in the French capital, days before its 2024 Olympics debut.
Source: China News Service/China News ServiceParis hotel prices during the Olympics have fallen to almost half their peak rate, further underscoring that overzealous hoteliers may have misjudged the appetite for expensive rooms.
Accommodations are now being listed for an average of €313 ($340) a night between July 26 and Aug. 11, down 41% from the peak rate of €531 observed around 11 months before the Games, according to data from travel insights company Lighthouse.