Surge in Accommodation Demand for 2024 Summer Olympics in Paris

Surge in Accommodation Demand for 2024 Summer Olympics in Paris

By Nithyakala Neelakandan

Published on July 18, 2024

As the 2024 Summer Olympics in Paris approaches, the hospitality sector is experiencing a significant surge in demand for accommodations. Both Sojern and Amadeus have provided valuable insights into the trends and data surrounding this increased interest, highlighting the global excitement for the event and its impact on travel and lodging.

Airbnb has reported an astonishing 400% increase in bookings for the Paris region during the upcoming Summer Olympic and Paralympic Games. This surge reflects the heightened global interest in the event, with travelers from over 160 countries and regions already securing their stays in and around Paris. Additionally, the number of active Airbnb listings in the Paris region has grown by 40% as of March 31, significantly boosting the availability of accommodations for guests.

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According to Amadeus’ Demand360+® business intelligence data, hotel occupancy rates in France are seeing notable increases. For the week of July 28, 2024, hotel occupancy rates are up 86% compared to the same week last year, and up 88% for the first week of August. In Paris, hotels are nearing full capacity with an occupancy rate of 81% for the week of July 28 and 76% for the week of August 4. These figures indicate that travelers planning last-minute trips may face challenges in securing accommodations.

The rise in accommodation demand is not limited to Paris. Lille, which will host basketball and handball events, is experiencing a dramatic increase in bookings. Visitor numbers to Lille are set to more than quadruple, with overall bookings up by 203% compared to last summer. This includes a 300% increase in domestic travelers and a 181% rise in international visitors.

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Marseille and Bordeaux, hosting sailing and football events, respectively, are also seeing significant spikes in bookings. Both cities report a 38% increase in bookings, indicating that travelers are eager to explore beyond the capital city.

While international travelers flock to Paris, many Parisians are choosing to escape the city during the Olympics. Hotel bookings by Parisians traveling to other parts of France are up 49% during the Olympic season compared to 2023. Popular destinations for these staycations include Lille, Nice, Corsica, Lyon, and Toulouse. This trend offers hoteliers in these regions an opportunity to attract local tourists and capitalize on the increased demand.

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Despite the surge in demand, the average daily rate (ADR) for hotels in Paris is down 13% at $724 USD, and down 7% at $616 USD for the rest of France, compared to an earlier analysis on April 1, 2024. This decline in ADR suggests that travelers might still find reasonably priced accommodations if they book early.

The 2024 Summer Olympics are not only bringing a global audience to Paris but also driving travel and accommodation demand across the country. Whether through traditional hotels or alternative accommodations like Airbnb, visitors are eager to be part of this historic event, as evident from the reports.

Image credits: iStock, Unsplash, olympics.com


DYN at Hilton Bangalore Embassy GolfLinks Celebrates India’s Harvest New Year with a Curated Feast

DYN at Hilton Bangalore Embassy GolfLinks Celebrates India’s Harvest New Year with a Curated Feast

By Hariharan U

Published on April 11, 2026

DYN at Hilton Bangalore Embassy GolfLinks ushers in the season of new beginnings with a thoughtfully curated Harvest Feast, celebrating India’s diverse regional New Year traditions this April.

Marking the spirit of harvest and renewal, the experience brings together the essence of Baisakhi, Pohela Boishakh, Tamil Puthandu, and Vishu, offering guests a culinary journey across the country through festive flavours and shared traditions.

The specially curated spread highlights robust Punjabi classics such as Amritsari Chole, Dal Bukhara, and Tandoori Murgh, alongside popular favourites like Paneer Tikka and Jeera Pulao, capturing the hearty and celebratory spirit of Baisakhi.

Drawing inspiration from Bengal’s New Year festivities, the menu features dishes like Basanti Pulao and Cholar Dal, known for their aromatic and festive appeal. Southern traditions are equally showcased with comforting preparations inspired by Puthandu and Vishu, including Avial, Sambar, and Vegetable Thoran, complemented by coconut-rich accompaniments that define South Indian festive dining.

The experience concludes on a sweet note with traditional desserts such as Pinni and Phirni, evoking nostalgia and the warmth of celebratory gatherings across regions.

Set in a relaxed and inviting ambience, the Harvest Feast offers a meaningful way to celebrate the season—whether with family, friends, or simply in appreciation of India’s rich culinary diversity.

Blending regional authenticity with contemporary hospitality, DYN presents a dining experience that reflects the joy of togetherness and the promise of new beginnings.

Event Details:
What: Harvest New Year Feast
Where: DYN
Date: April 13 – April 15, 2026
Time: 12:30 PM – 3:00 PM


Celebrate Tamil Puthandu with a Traditional Virundhu at Reef, Sheraton Grand Chennai

Celebrate Tamil Puthandu with a Traditional Virundhu at Reef, Sheraton Grand Chennai

By Hariharan U

Published on April 11, 2026

Reef at Sheraton Grand Chennai Resort & Spa invites guests to celebrate Tamil Puthandu with a thoughtfully curated Puthandu Virundhu on April 14, offering a soulful and traditional dining experience by the sea.

Rooted in the essence of Tamil culture, the specially designed menu embraces the concept of Arusuvai, the six traditional tastes that symbolise the balance of life. The experience is crafted to evoke a sense of nostalgia, bringing together flavours that feel both comforting and deeply familiar.

Set against a serene coastal backdrop, the lunch unfolds with dishes that celebrate regional authenticity. Guests can savour favourites such as crispy Meen Varuval, spicy Kozhi Melagu Curry, and the sweet indulgence of Paruppu Suhiyam. Traditional preparations like tangy Mangai Pachadi and the comforting Veppampoo Rasam further highlight the festive spread, each dish reflecting the richness of Tamil culinary heritage.

Designed as a relaxed afternoon experience, the celebration combines coastal ambience with homestyle flavours, making it ideal for families and those looking to mark the New Year with meaningful dining.

With its focus on tradition, flavour, and togetherness, the Puthandu Virundhu at Reef promises a heartfelt celebration of new beginnings.

Event Details:
What: Tamil Puthandu Special Lunch
Where: Reef
Date: April 14, 2026
Time: 12:30 PM – 3:30 PM


Nimbus Projects Gets Listed on NSE, Expands Capital Market Access

Nimbus Projects Gets Listed on NSE, Expands Capital Market Access

By Manu Vardhan Kannan

Published on April 8, 2026

Nimbus Projects Limited, a publicly listed real estate developer, has announced its successful listing on the National Stock Exchange of India Limited, marking a significant step in its capital market journey. The company has already been listed on the BSE since 2000, highlighting its long-standing presence in India’s financial markets.

The listing on the NSE is expected to improve stock liquidity, enable better price discovery, and provide access to a wider base of institutional and retail investors. This move further strengthens the company’s position in India’s growing listed real estate space. On its listing day, the company’s stock opened at INR 199 on the NSE.

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Commenting on the development, Bipin Agarwal, Chairman and Managing Director, Nimbus Projects Limited, said: “The NSE listing represents a strategic step in strengthening our capital market footprint and engaging with a wider investor ecosystem. As we continue to scale our development pipeline, our focus remains on disciplined growth, prudent capital allocation, and delivering sustainable long-term value to all stakeholders.”

Nimbus Projects has been actively expanding its presence across the NCR, focusing on residential and mixed-use developments. The company has developed around 15 million square feet across 13 projects and has served more than 10,000 customers. It currently has close to 3 million square feet under development, continuing its focus on similar asset classes.

With over three decades of experience, the company has built a strong footprint across key micro-markets in Noida and Greater Noida, driven by a consistent and delivery-focused approach.

From a financial perspective, Nimbus Projects has a market capitalisation in the range of ₹350–365 crore, with shares trading close to book value. This reflects a stable valuation aligned with its fundamentals. The company also maintains a balanced capital structure, with its assets and borrowings aligned with its ongoing and planned developments.

Over the years, the company has shown steady balance sheet growth, supported by disciplined execution and a measured approach to expansion.

The NSE listing also highlights a broader trend in India’s real estate sector, where listed developers are gaining importance due to increased transparency, stronger governance, and improved access to institutional funding.

Going ahead, Nimbus Projects plans to expand its development portfolio across high-growth corridors in NCR while continuing to focus on financial discipline and execution excellence.

Nimbus Group, established in 1993, is a diversified real estate and infrastructure development company with a strong presence in the National Capital Region. Over the years, it has delivered several residential and commercial projects across Noida and Greater Noida, contributing to urban development in these emerging areas.

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