A weekend, a week or even several weeks of rental and thousands of euros to be won. Renting a furnished apartment while on vacation in Cannes can be extremely profitable. And the owners of furnished tourist accommodation in Cannes, like individuals who have a second home on site, benefit from all the advantages that furnished rental in Cannes brings. The fact that the Airbnb model has been widely integrated into holiday habits worldwide is not for nothing. This has given new impetus and created new opportunities for owners who want to improve the profitability of their real estate investment. Our rental management agency in Cannes enlightens you.
Holidays in Cannes: sharp increase in short-term rentals
One of the most interesting times to visit Cannes is during the holidays. For several weeks, the city lives to the rhythm of vacationers, various festivities, tourist atmospheres, bringing together many visitors from all over the world. Behind this craze, owners of furnished apartments in Cannes are taking advantage of the season to build up an interesting income, always with a view to profitability of a land investment. During the holidays, the prices of seasonal rentals in Cannes also increase significantly, many only benefiting from the season. Welcoming vacationers at home, who are ready to pay a high price, is an opportunity not to be missed. Especially for those whose apartments enjoy a dream location, near the Croisette, where the revenue can easily reach 10 euros or even more, thanks to these ephemeral tenants.
Twice as many visitors, a doubled revenue thanks to the Airbnb model
Each year, Cannes receives thousands of vacationers. And the housing supply is also evolving, making more and more room for furnished tourist accommodation. Which is quite logical since it is the current trend, especially with the development of specialized platforms like Airbnb. We also wrote an article explaining the Airbnb success and the fact that our agency knows the ropes very well: Airbnb seen by an Airbnb agency in Cannes. From now on, any owner wishing to constitute an additional source of income can improvise rental of furnished accommodation at home. In addition, in all tourist areas of France, rental prices tend to explode during the holidays. The owners take advantage of this period to rent part of their accommodation, or even abandon it to welcome visitors and make money from it.
During the holidays or on the occasion of renowned congresses taking place each year in Cannes, the city has two times (or more) attendance than the rest of the year. Rich people, or less rich, but above all people willing to pay a high price to live in the most beautiful areas of the city. And not all of them choose to stay in luxury hotels. Consequently, many private owners of housing are embarking on the adventure of short-term rental, in order to make their property profitable. For a furnished apartment during the holidays often allows you to pay part or all of the charges for the year, or even more.
Furnished accommodation has many advantages for the tenant, and sometimes even allows him to benefit from better conditions than in the case of a hotel. Finding accommodation for a whole family can be more complicated, and hotel rooms can quickly become unaffordable when it comes to family travel. Furnished accommodation can potentially accommodate everyone at reduced costs.
When furnished rentals compete in quality with hotels
While demand explodes during the holidays, there are currently as many tourist accommodation in Cannes as there are hotels. The numbers speak for themselves: around 5 hotel rooms for around 500 furnished apartments in Cannes. Holidaymakers no longer hesitate to opt for apartments or private houses, especially those traveling with family or in groups of 5 to 10 people (or even more). Together, they can find accommodation at reduced prices on Airbnb, Booking or HomeAway.
And it's not just the prices of furnished accommodation that soar during the holidays, hotels are also applying a price list revised upwards throughout the city. Whether for a furnished apartment on the Croisette, on the heights of Cannes or in the old center, service providers achieve a very interesting turnover during the holidays. The surge in prices is legitimate and does not turn visitors back. And even for the rest of the year, competition between hotels and vacation rentals is proving to be more and more intense, since the short-term rental real estate market has been propelled by platforms like Airbnb.
You hesitate to offer your accommodation as an Airbnb type seasonal rental? If it is empty all or part of the year and you want to significantly improve your property income without having enough time to allocate to this project, we invite you to contact us through our page.Airbnb rental income estimate. Our rental management agency in Cannes will be happy to study your file and provide answers to make your project a reality.
