The owners of a second home in Cannes now have a multitude of solutions to attract tenants. With the Film Festival, the city and especially the Croisette are in turmoil. Just like its restaurants, shops and hotels, seasonal rentals in Cannes will also experience a boom this year. This is an opportunity for owners who want to build up a very profitable source of additional income. However, faced with the abundance of offers, you will need to find the most effective option to stand out.
12 days of excitement in Cannes
12 days is exactly the time during which Cannes will live to the rhythm of the events surrounding the Film Festival. From 76 inhabitants, the city will quickly grow to some 000 inhabitants, notably with the arrival of some 200 accredited professionals including 000 at the Film Market from 38 countries, 000 journalists and media technicians (10 French and 500 foreigners), representing 55 countries and above all a very large number of simple visitors who came to admire their favorite stars on the red carpet. A large population that will certainly fill the hotels but also the residences and especially the furnished apartments for seasonal rental offered on Airbnb, which number 4 in Cannes.
Rental platforms in Cannes
The Internet now offers a host of possibilities to homeowners. A wide choice is available online, but if you have a high-end property, you should opt for a professional rental platform such as Airbnb, Homelidays, Abritel or Booking. The ideal is also to be able to display your ad on different sites, without ever going beyond two reference choices. Indeed, you risk devaluing your property by posting it all over the Internet and potential customers might think that you cannot find tenants. To refine your offer, you can for example integrate your offer in a category of property similar to yours, depending on the price, location, number of rooms available, etc. Also find out about the rates in force in Cannes so as not to overestimate or underestimate your property.
Nearly 850 million euros in revenue for Cannes
Over the same period indicated a little above, the Film Festival has a direct impact on the economy of the City. With nearly 2 direct jobs created and 359 other indirect jobs throughout the Riviera region, Cannes estimates the total number of overnight stays for the event at 13. The financial impact of the festival is estimated at 400 million. euros. Added to this, the major trade shows organized around the Festival such as Mipim, MipTV, Mapic, Midem, etc. seminars, meetings and congresses of all kinds, Cannes estimates its financial income at 500 million euros for this year.
