Cannes: the world capital of festivals and events – a title of excellence reaffirmed

Once again, Cannes asserts itself as a beacon of excellence on the international stage. For the third consecutive year, the city has been named the best destination in the world for festivals and events at the prestigious World Travel Awards 2024. Often referred to as the "oscars of tourism" this accolade was awarded on November 24, 2024, in Funchal, Madeira.

Global recognition amidst strong competition

As the only French city among the finalists, Cannes triumphed over iconic destinations such as London, Barcelona, and Venice. This award solidifies its position as a global leader in hosting cultural and professional events.

David Lisnard, mayor of Cannes, celebrated the victory:

"This historic hat trick highlights the hard work and energy of the people of Cannes. This title is a testament to the expertise of our professionals and confirms Cannes as an essential destination for festivals and events."

2024: a record year for the local economy

This recognition crowns an exceptional year for Cannes. The palais des festivals et des congrès generated over one billion euros in direct and indirect economic benefits for the region. Between May and September 2024, hotel occupancy increased by 4% compared to 2023, further underlining the city’s growing appeal.

Jean-Michel Arnaud, president of the palais des festivals et des congrès, remarked:

"This acknowledgment motivates us to push the boundaries of excellence, creativity, and sustainability."

These results confirm the pivotal role of events in driving the region’s economy, fostering job creation, and enhancing its attractiveness as a destination.

Cannes: a key opportunity for investors and the real estate market

Cannes’ global appeal also extends to its high-end real estate market. Attracting an international clientele drawn to its unique setting and world-class infrastructure, the city remains a prime choice for investors seeking primary residences, vacation homes, or high-value rental properties.

Investing in Cannes means benefiting from a strategic location, an exceptional quality of life, and a real estate market that continues to gain value, fueled by the city’s international renown.

Explore Cannes with Côte d’Azur Sotheby’s International Realty

Whether you are looking to purchase a luxury residence or invest in a premium property, Côte d’Azur Sotheby’s International Realty is here to guide you. Leverage our local expertise to find the ideal property and establish yourself in this iconic city.