Impact of Paris Olympics and UEFA Euro 2024 on Travel
Two highly anticipated sporting extravaganzas are set to captivate Europe in 2024: the Paris Olympic and Paralympic Games, and the UEFA European Championship hosted in Germany. This confluence of events is poised to significantly influence travel patterns across the continent, both within the host countries and beyond.
The Paris Olympics and UEFA Euro 2024 are expected to draw throngs of spectators, comprising both local enthusiasts and international fans. This influx of visitors is likely to trigger a surge in demand for accommodations, prompting a notable uptick in advanced bookings.
Travelers should brace themselves for escalated room rates, potentially extending beyond the event's duration due to heightened demand. Additionally, tourists will encounter supplementary expenses, such as augmented tourist tax levies, implemented by the French government to defray the costs associated with hosting the Olympic Games.
Oxford Economics recently released a comprehensive report titled "Europe: Olympics and Euros 2024, what can we expect?", shedding light on the anticipated repercussions of these monumental sporting events on the host nations. Their analysis offers valuable insights into the economic and logistical implications of such mega-events.
This report aims to distill the essence of Oxford Economics' findings, supplemented by the perspectives gleaned from BCD Travel's Research & Intelligence team.
