(Source: "First Financial Daily" 2024-07-16)
Traveling to w88 mobile is never a cheap way to vacation, but w88 mobile during the 2024 w88 mobile Olympics seems to be especially expensive.
There are still more than a week left before the 2024 w88 mobile Olympics. France had previously expected more than 15 million people to go to w88 mobile. However, since subway tickets and even tickets to the Louvre will rise this summer, several w88 mobile residents interviewed by China Business News joked that this has formed "Olympic inflation" in price.
Zhao Yongsheng, director of the French Economic Research Center at the w88 casino in Paris and doctoral supervisor at the Sorbonne University in Paris, told reporters for example that from July 20 to September 8 this year, Paris subway fares will rise, with a single subway ticket almost doubling. The ticket from Charles de Gaulle Airport or Orly Airport (Orly) to the city center will increase from 5 euros to 16 euros. During this period, daily and weekly passes will no longer be provided. They will be replaced by the so-called "Paris 2024" pass (a one-day price of 16 euros).
Subway tickets and hotel prices increase
It is reported that during the Olympics, the prices of the w88 mobile Metro will not increase, including student cards and senior citizens cards. Valérie Pécresse, the president of the Île-de-France region, previously stated on social media that there is no doubt that w88 mobile residents support this fee. "The 2024 w88 mobile Pass will allow tourists to travel throughout the Île-de-France region. This is a fair price."
Ile-de-France Mobility advises those who live in w88 mobile but do not use a travel pass to buy tickets before the price increases. This saves money and avoids long queues. If travelers arrive in w88 mobile before the July 20 deadline, they can also buy paper tickets to use during their stay.
The w88 mobile Tourism Bureau also confirmed that the w88 mobile Travel Pass can be purchased in advance and used during the Olympic Games.
Zhao Yongsheng told reporters that some friends he knew jokingly said that they should buy more tickets and make some pocket money when the time comes.
What about attractions and hotels?
According to the French introduction, the entrance fee to the Louvre has increased by nearly 30% to 22 euros, which is the first price increase for the museum since 2017. Although the Louvre did not cite the Olympics as the reason for the price increase, it does coincide with the timing of the 2024 w88 mobile Olympics. Other popular attractions have not yet announced price increases. According to a price check by a reporter from China Business News, the adult ticket price for the Eiffel Tower is 29.40 euros, the Arc de Triomphe is 16 euros, and the Orsay Museum is also 16 euros.
In terms of hotels, tourism and hotel industry professionals in w88 mobile hope to have a "record summer" through the Olympics, but before the Olympics, w88 mobile hotel occupancy rates are very low, which makes them worried. Some French polls show occupancy rates are down nearly 25% compared with previous years.
Aldric Duval, the head of Ze Hotel, a hotel near the popular tourist destination Montmartre, said in an interview that the situation in June was completely different from previous months. The hotel's occupancy rate was only half, while in recent years the hotel's occupancy rate has been stable at around 80%. "I think the Olympic effect is counterproductive because everything is expensive. We explained to (tourists) that traffic restrictions would be complicated, the price of a metro ticket would triple, the tourist tax would triple... On top of that, the weather was not good, so people were less willing to come," he said.
In July last year, data from the French Official Statistics Office showed that the average hotel occupancy rate in w88 mobile that month was 90.7%. This means that in a 100-room hotel, fewer than 10 rooms will be vacant on any given night. However, current data predicts that as many as 40 rooms may be vacant every night during the 2024 w88 mobile Olympics.
The w88 mobile Tourism Bureau recently predicted that the number of foreign tourists in July 2024 will drop by 15% compared to the same period in 2023. Previously, another report by the w88 mobile Tourism Bureau also showed that hotel (average) prices in w88 mobile will increase by as much as 314% in the summer of 2024. According to this data, the average price for a night in a hotel in the w88 mobile region was 169 euros in July 2023 and is expected to soar to 699 euros in July 2024. Among them, the increase of two-star hotels was 366%, and the increase of three-star hotels was 475%.
Some experts warn that w88 mobile hotel availability may remain sluggish because most of the wealthy visitors to the city booked their accommodation a year ago when they got their tickets for the Olympics. Additionally, people are likely to cancel their reservations if they notice a price drop and find a cheaper hotel.
Zhao Yongsheng told China Business News that as the Olympics approach, hotel prices have indeed risen somewhat outrageously. For example, a hotel that currently costs 450 euros/day will have to at least double by then; and in terms of homestays, we can see landlords in w88 mobile taking back houses that were previously rented out, because houses that might previously cost thousands of euros a month can be rented out at 400 euros/day during the Olympics, and it is reasonable for landlords to pay liquidated damages.
International tourists avoid w88 mobile during the Olympics
More expectations of fewer tourists during the w88 mobile Olympics come from airlines.
Air France-KLM recently warned it would see a revenue loss at its operations in France this summer as passengers avoid w88 mobile to avoid potential chaos and high prices during the Olympics.
Air France-KLM said in a statement that these problems will reduce the revenue of Air France and the French branch of low-cost carrier Transavia by 160 million euros to 180 million euros from June to August. The company said French residents were postponing holidays until after the w88 mobile Olympics, while international customers were staying away from the country. "International markets show that a large number of tourists are avoiding w88 mobile," the statement said.
In fact, before the Olympic Games, various airlines have invested capacity in w88 mobile, with Air France, Transavia and Ryanair Holdings seeing the largest increases in capacity. Air France said it expects travel to and from France to return to normal after the Olympics. Air France also said that "demand is encouraging" in late August and September and that it will not reduce its flight schedule at this time.
Bernstein analyst Alex Irving said in a research note that while it is common for travelers to avoid host cities during the Olympics, Air France-KLM's warning is "more surprising overall."
Coincidentally, Delta Air Lines also said that the average number of tourists going to w88 mobile for vacation this summer has dropped significantly, which will cause a loss of US$100 million to the company.
Delta Airlines and Air France have a joint venture relationship and serve more Americans traveling to France than any other U.S. airline. According to statistics, the two airlines together account for 70% of the market share on direct routes between France and the United States.
Delta CEO Ed Bastian said: "Unless you go to the Olympics, people are not going to w88 mobile... Very few people are going. Business travel (is still there), but other types of travel may go elsewhere."
It is reported that 15 million tourists are expected to participate in the Olympic Games, but only 2 million of them are from overseas. The w88 mobile Tourism Bureau recently stated that it expects that most visitors during the Olympics will be "local or domestic" tourists.
Corinne Menegaux, director of the w88 mobile Tourism Bureau, also said in an interview in July that compared with the same period in 2023, the number of air passengers in w88 mobile has dropped by 15% because people will avoid w88 mobile until the carnival crowds disperse. "There are currently fewer Americans in w88 mobile, but they are the main foreign tourists who come to w88 mobile during the Olympics."
In the latest quarterly earnings conference call, Delta Air Lines President Glen Hauenstein said that (after the Olympics) leisure demand for Europe from September to November remained strong across the board, and said that due to favorable exchange rate factors for American tourists, an interesting emerging destination has emerged: "The number of American tourists going to Japan has reached a record high, and Japan is a great tourist destination."
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