For months now, Paris has been preparing to become a real showcase for the entire world. From internationally renowned athletes to fans from all over the world, 15.3 million visitors in total are expected to descend on the French capital for the 2024 Olympic Games.
This is a golden opportunity for those lucky enough to live there!
The Olympics represent an unprecedented chance for Parisians to take advantage of this global influx. Renting out your apartment during the games is a rare opportunity to be seized and a promising source of income, and it will also allow you to enjoy a well-deserved getaway in the Alps.
Key steps to renting out your Paris apartment for the Olympics
Before thinking about your income, think about the process.
Do you own or rent accommodation in Paris? The simplest way to rent out your apartment during this time is to go through a rental agency. Otherwise, the most popular rental websites are Airbnb and Booking.com.
Paris also attracts a significant number of visitors from the USA. It would therefore also be advisable to publish your advert on Abritel, which is one of the most popular websites on the US market, due to the success of its US version, VRBO.
Before getting started, ensure to register at the town hall to obtain your registration number. Ensure that the internal regulations governing the building in which your property is located allow for seasonal rentals, and if you are a tenant of the property in question, ensure that you obtain your landlord’s explicit agreement.
The adventure doesn’t stop there for Parisians. This new source of income could be the springboard for you to enjoy a well-deserved break. Imagine swapping the hustle and bustle and constant hubbub of the Olympic host city for the tranquillity and breathtaking beauty of OVO Network’s Alpine chalets.
All of this is very much achievable; so, let us walk you through it!
Optimise your rental rate with Opti’JO
The free-to-access Opti’JO tool provides you with reliable information so you can determine the rental price for your Paris apartment during the 2024 Olympic Games.
According to the latest data from February 23, the median nightly rates for accommodation in Paris during the Olympic Games are as follows:
- €395 for a studio,
- €652 for a 4-person apartment,
- €1,062 for a 6-person apartment,
- €1,812 for an 8-person apartment.
These rates do not apply to all properties. The property’s capacity, location and facilities will all translate into a higher or lower rental price.
Let’s break it down!
A studio in a central, desirable location could be more expensive to rent than a suburban 6-person apartment.
A well-equipped apartment with a washing machine, an office area and a parking space will cost more to rent than one that lacks such amenities.
For example, an apartment with a tumble dryer costs €150 more to rent than an apartment that only has a washing machine.
There is therefore no need to spend time searching for properties similar to yours, to then do a market comparison to adjust your advert. Opti’JO takes care of all that for you.
Opti’JO’s map gives you access to customised rate recommendations.
Fund your Alpine getaway with your rental income
Now you have discovered how to turn your Parisian abode into an extremely lucrative source of income during the Olympics, allow us to help you go even further, and get away from the noise and the crowds of the city during the games.
Imagine spending a week in the Alps in a spacious OVO Network chalet that sleeps up to 14 people. Here are some gems we have for you:
- Chalet Serbijanka in Manigod has a unique terrace which offers a panoramic view of the Alps. It also boasts a sauna, a Turkish bath (hammam), a jacuzzi and a games room.
- Chalet Argali in Chinaillon, in the Grand Bornand region, has a terrace offering a spectacular view of the surrounding mountains (the Roc des Tours, the Jalouvre and Pointe Blanche), and boasts a sauna, a spa and a pétanque (French boules) court.
Invest in your well-being – rent out your place for the Olympics and enjoy an Alpine getaway
Seize this opportunity and discover our exclusive chalets, ranging from €990 to €10,790 a week. They are designed and equipped entirely for your comfort, allowing you to immerse yourself in a bubble of luxury and relaxation.
And the best thing of all? Your rental income will fund your getaway! One week’s rental income in Paris during the Olympics will fund a two-week Alpine holiday in one of our OVO Network chalets!
This really is a perfect way to invest in your well-being without making a dent in your savings!
Right then, are you ready to get started?
