Paris is always a popular city for our clients, so for a while now AltoVita has been proactively providing guidance. This Spotlight condenses some of the information that’s been shared, to help businesses understand the solutions regarding accommodation requests that coincide with the Olympics and Paralympics this year.
This spotlight, compiled in collaboration with our hospitality experts, is designed to help you navigate a challenging market, and book your accommodation in the most cost efficient way possible during this busy period.
There will be limited availability due to the influx of an estimated 13 million tourists. This is on top of the pressure placed on professional housing needs for tourists, athletes and other professionals.
During the candidature stage, Paris confirmed 80% of hotel room occupancy would be dedicated to accommodate Olympics related professionals, such as the athletes, their teams and journalists. Hotels blocked rooms without confirmed bookings.
We have access to nearly 15,000 units in central Paris and the suburbs through our hospitality partner network. These comprise:
These units include fully vetted or professionally managed private homes, apart-hotels, serviced apartments and other corporate housing solutions.
Many of our corporate accommodation partners are prioritising bookings from existing customers, or enquiries for units for stays of at least three months to cover the duration of the Games.
For dates closer to the Games, they will open availability in phases with a nightly rate on the higher end of their Best Available Rate (BAR). If you have significant volumes needing to go to Paris for more than one month next summer, block booking units is essential to secure apartments. Start booking these in the next few months.
Contact us now about your expected volumes so we can engage with our hospitality partners as soon as possible — see the special Checklist included in this Spotlight. Understanding their cancellation terms will be key, as we appreciate our clients don't want to be tied in to every booking.
We can negotiate with our hospitality partners to keep cancellation costs down, and aim to agree a certain percentage of moves that could potentially be cancelled at short notice.
Inventory is already starting to be booked, and once the 12-month mark is passed, enquiries and bookings are expected to accelerate.
It's easy to make large group housing requests on the AltoVita platform. Simply enter the length of stay and types of housing your want.
Don't forget to fill out this handy checklist to help us assist you with your housing request as quickly and efficiently as possible.