The economic impact of short-term accommodation in France
In 2023, the short-term accommodation sector has not only transformed the way people travel, but has also had a substantial economic impact on France. A recent study carried out by Deloitte, and shared by Airbnb, reveals some impressive figures that demonstrate the growing importance of this market.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
An economic impact of €43 billion
The study indicates that short-term accommodation will have generated sales of €43 billion for the French economy by 2023. This amount includes direct spending by travellers in sectors such as catering, transport and local commerce, underlining the multiplier effect of this type of accommodation on the local economy.
A significant contribution to tax revenue
The tax benefits of short-term rentals are also significant, with more than €4.9 billion generated in 2023, including €300 million in tourist tax. These funds make a significant contribution to local and national budgets, supporting a range of public services and infrastructure.
Supporting employment and economic diversity
The sector supports around 362,000 jobs, or 1.4% of total employment in France, with a strong presence in the accommodation, catering and retail sectors. These jobs range from managers of furnished accommodation, who provide logistical and administrative services, to the indirect jobs created by the increased demand for local products and services.
Effects on rural and less urbanised areas
The study particularly highlights the positive impact in rural and sparsely urbanised départements, where short-term accommodation generated sales of €7.7 billion. These areas, which often do not have sufficient hotel accommodation, benefit greatly from the economic activity generated by travellers who choose alternative accommodation.
Forecasts for the Olympic Games
With the Olympic Games scheduled to take place in France, a significant increase in visitor numbers is expected. Short-stay accommodation will play a crucial role in accommodating a significant proportion of these visitors, promising a new economic boom for the sector.
Deloitte’s data clearly shows that short-term accommodation is not only a convenient alternative for travellers, but also a powerful economic driver. By dispersing tourist flows and boosting local economies, especially in areas where the traditional offer is limited, they play an essential role in revitalising French regions.