Sunday, August 4, 2024 The Paris 2024 Olympics are set to be a monumental event, not only for the athletes competing but also for the economic and tourism landscapes of Paris and its surrounding regions. As the world tunes in to witness the pinnacle of sporting excellence, the French capital is preparing for an unprecedented influx of visitors and economic activity. This article delves into the multifaceted impacts of hosting the Olympic Games, from the anticipated “Olympics effect” on tourism and hotel occupancy rates to the fierce competition and key events that define this global spectacle.
Paris typically welcomes around 12 million visitors between July and August. However, during the Olympic Games, the Paris tourism office expects this number to rise in tourists. This influx represents a significant boost for the local economy.
Every four years, billions of people worldwide tune in to watch the Olympic Games, regarded as the pinnacle of sporting excellence. According to University of Oxford researchers Bent Flyvbjerg, Alexander Budzier, and Daniel Lunn, “The Olympic Games are the largest, highest-profile, and most expensive megaevent hosted by cities and nations.” This year, around 10,500 athletes, including 138 from South Africa, are participating in the Summer Olympic Games in Paris.
Between July 24 and 27, Paris saw 650,000 tourists, marking a 16 percent increase from previous years. The number of French visitors rose by 17.3 percent, while foreign visitors in.