Europe’s inflation may rise due to Olympics and Taylor Swift events, but UBS claims local wallets will remain unscathed
As the Paris 2024 Olympics unfold, they have significantly impacted the local economy, particularly in the hospitality sector. According to CoStar data, the first week of the Games saw a staggering 206% year-over-year increase in revenue per available room (RevPAR) across Paris. This surge was driven by a remarkable 17.4 percentage point rise in occupancy