A tale of three cities: Insight into the impacts of holiday rentals in France

Abstract

This paper reports on the impact of vacation rentals on three destinations in France – Paris, Côte d’Azur and the Haute-Savoie. The vacation rental market in France involves 9.4 million guests with an annual value of €4 359 million. Approximately 700 000 (1.5% of all households) properties are offered for short-term rent in France. Greater freedom offered by rented apartments is important, though the favourable costs when compared with hotel stays was also valued. In Paris, the rented accommodation spend by tourists is estimated to be as much as €217 140 000. Côte d’Azur in rented properties generates an average accommodation expenditure of €105 840 000, and in Haute-Savoie generated a direct accommodation spend of €29 148 000.