Lighthouse’s Post

The countdown is on! In less than 180 days, the Olympic flame will illuminate Paris, casting a global spotlight on the City of Lights. It also presents us with a golden opportunity to look into the hotel pricing trends and patterns emerging in the run-up to the Games. So how are the Paris 2024 Olympics impacting hotel pricing in France? Let's find out 👉 https://otai.co/3SBokZp #hospitalitytechnology #businessintelligence #revenuemanagement #hotels #Paris #Olympics2024

Article Summary: 1. The 2024 Olympic Games in Paris are poised to significantly impact the city's hospitality industry, offering a unique opportunity for hotels and short-term rentals. 2. Anticipation for the Games is high, as evidenced by increased demand for accommodations, with notable surges in hotel bookings and prices. 3. Hotel room prices, particularly for 5-star accommodations, have seen substantial increases leading up to the event, indicating the potential for lucrative returns for hospitality businesses. 4. The ripple effects of the Olympics extend beyond Paris to other French cities, with noticeable increases in accommodation prices observed across the country. 5. Lighthouse's Paris Olympics Report provides detailed insights and guidance for travel and hospitality professionals to capitalize on event-driven opportunities in their markets. Top Takeaways: 1. Anticipate high demand and price surges for accommodations in Paris leading up to and during the 2024 Olympic Games. 2. Focus on 5-star accommodations as they experience significant price increases, presenting opportunities for higher returns. 3. Recognize the nationwide impact of the Olympics on the French accommodation market, with other cities also experiencing price hikes. 4. Stay informed with detailed insights and analysis provided by reports like the Paris 2024: Analyzing the Impact of the Olympic Games on Paris's Hospitality Market. 5. Utilize data-backed decisions to capitalize on event-driven opportunities in the travel and hospitality industry.

Looking ahead to the 2024 Olympic Games in Paris, our latest report reveals that this global event is poised to break revenue records. https://lnkd.in/ez54_x_E In light of this, how might you implement effective revenue strategies when a major event comes to town? As well as exploring pricing and demand data in the build-up to the Olympics, the report provides hoteliers everywhere with a handy guide to making the most of large-scale events. #lighthouse #looktohouse #hospitalitytechnology #businessintelligence #revenuemanagement #hotels #hotelbenchmarking #HotelIndustry #Paris #Olympics2024

#ICYMI: Read the latest #hotel industry news from around #Europe. https://bit.ly/3XgupOU #ParisOlympics #transactions #hoteldeals #Euro2024 #UKelection #inflation #hoteldevelopment #hospitalitynews

When major events come to town it presents a unique opportunity for you to maximize your profitability. But, when an event as big as the Olympics comes to a destination as big as Paris, what's the impact? Well, we've got some answers for you! We're thrilled to share our latest free report, "Paris 2024: Analyzing the Impact of the Olympic Games on Paris's Hospitality Market". You'll find key insights like the fact that average hotel room rates are rocketing to €574, and short-term rentals are fetching €401 per night during #Paris2024. What else is in the report? ✅ A study of how hotel and short-term rental prices are evolving in the lead-up to the 2024 Paris Olympic Games ✅ An analysis of the forward-looking demand trends for flights and OTA and Meta hotel searches to Paris ✅ Examining the ripple effect that the Olympics will have on the wider French market ✅ How to implement revenue strategies for events in your market by identifying and acting on demand and pricing trends in the lead-up to events By examining the case study of the 2024 Olympics in Paris, this report provides a universal blueprint for hoteliers to drive business growth around events. Read the full report here 👉 https://otai.co/41qfDFq #lighthouse #looktohouse #hospitalitytechnology #businessintelligence #revenuemanagement #hotels #hotelbenchmarking #HotelIndustry #Paris #Olympics2024

#Madrid is a dynamic hotel market in compare to others and had a really strong performance in #RevPar for June YTD 2024 +23%, compared to same time last year. You know what is driving this growth? It is a #story of remarkable resilience, boosted by a heavy return of events and business conferences. 🏨 Robust #destination for #hotel investment cross both luxury and budget sectors. 🎾 Return of sporting events including #MadridOpen and #UEFA finals. 👨💼 Business travellers and conferences. #FITUR2024 👩🎤 #TaylorSwift concerts.

💡 Some data from #lighthouse ! How exactly do large events impact your property and how can you maximise your #profitability smartly? Check it below!

Everyone that knows me knows that I love my sports. According to STR, it really was the sporting events that drove hospitality demand this year across the world and not concerts like everyone thought. Is your hotel ready to take advantage of upcoming sporting events coming to your city? In North America we're not that far from the World Cup! IDeaS Revenue Solutions published a great playbook helping hotels take advantage of upcoming major events. ➡️ https://lnkd.in/gPFzxAiW #RevenueManagement #HotelManagement #Hospitality

If you missed our session on Housing Excellence at Sports Events & Tourism Association Symposium this week, we’ve got your back! Download our white paper that goes in depth on the strategies and tactics outlined in the session. Score Bigger Wins: 29 Tips to Optimize Housing We collaborated with Sports ETA to cover the latest strategies to maximize hotel rebates and revenues, boost room nights, and enhance attendee experiences. DOWNLOAD > https://hubs.ly/Q02tSm7F0