Paris (AFP) – Airbnb has a new hotel in Paris, and a new app to help people rent out their homes, but the real deal may be in the city’s booming real estate market.
The French capital’s market for rentals is booming, with a record 4.6 million listings.
The number of listings increased in the past month to 923,000, up 11 percent from last month.
Airbnb is a US-based company that connects people to apartments and homes for short-term rentals.
It launched its Paris app on Tuesday, just as Airbnb was relaunching its Parisian site in France’s second largest city.
Airbnb’s new Paris hotel, the Parc de l’Airbnb, is located in the Parquet, an old market square that’s been converted into a modern residential area.
It is the second Airbnb property in Paris to open since Airbnb’s relaunch in October, and the company says it plans to open more in the future.
Airbnb is another new entrant in the Paris market, and has its own app, Airbnb Paris, that is being rolled out to Parisians in the coming weeks.
The app has the same user interface and similar pricing model as Airbnb Paris.
Airbitz is a platform for booking flights, hotels and other services from around the world, but it also provides short- and long-term rental properties.
Airbnb’s Paris office, for example, operates a network of 3,000 rental properties in Paris.
“There’s nothing like Airbnb in Europe to help you find your dream home, because Paris is where the real estate is,” said Airbnb Paris general manager Michael Bresnahan.
Airbnbs Paris office is located on the Parque de la Cite in the heart of the city, and there is a new cafe, the Airbnb Cafe, in the main building, and Bresnyas office has a reception room.
Bresnahans office is open Monday to Friday.
“We’re trying to get as many Airbnb listings as possible to Paris, to try and keep the growth up,” he said.
Airport rents are also booming, although not in the same way.
The number of Airbnb flights booked in France tripled in the last year to over 1.2 million.
The Paris market is home to some of the world’s biggest airports, including Paris Le Bourget, Paris Charles de Gaulle and Paris Charles De Gaulle airport, which has been serving as a hub for the European Union’s passport-free Schengen zone since 2009.
Paris has also emerged as the hub of a growing online rental market, with more than 10,000 listings for Airbnb properties, up from more than 500 a year ago.
“Paris has become a really hot spot for people wanting to get a place to stay in Paris,” said Bresnahans Airbnb Paris boss.
“People are willing to pay a little more for it.”
Airbnb Paris, which is owned by France’s largest private company, Le Monde Group, has opened up a Paris branch in Paris’s financial district, and plans to expand to other parts of the capital.
“This is a great opportunity for Airbnb in the French capital,” said France’s top airport regulator, Airports Authority of France.
“Airbnb offers the right choice for people who want to stay, while also ensuring that they’re staying in Paris and not somewhere else in Europe.”
The Parisian market is also home to a number of popular short-stay properties, including a $739-a-night hotel on the outskirts of the historic centre.
“It’s an amazing place to live, but there’s no point in staying in the centre,” said Parisian hotelier Pierre Mignot.
“We want to bring our services to other cities, so people can find a place they like and then rent out that space.”
Airbitzes Paris office will also be able to rent out apartments, and Airbnb Paris will be launching an app for that.
“The Airbnb app will give us a great solution to help Paris residents rent out rooms for short periods of time,” said the Parisian company’s Bresnos.
Airbus has a Paris office and has opened an Airbnb office in the capital, as well as in several other cities across Europe.
The new Paris office was open Monday and Tuesday, with an Airbnb Paris office scheduled to open Tuesday.