Cheltenham Airbnb prices soar 500% during Cheltenham Festival race week
It’s no secret that private accommodation providers raise their prices during Cheltenham Festival week. In fact, shopping can be a huge source of income for locals. But, would you pay more than £2,000 for three nights in Cheltenham?
Research from MyBettingSites shows that the average price of accommodation in the city can increase by around 500% for bettors who want to stay in the city during race week.
The average price for a three-night stay in the weeks leading up to the Cheltenham Festival is fairly stable at around £300-400 before soaring to over £2,000 as locals make the most of the festival crowds .
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It’s a similar story on Booking.com, where the average pre-Cheltenham price is as low as £380 for a three-night stay before jumping to £1,500 during the festival.
Around 65,000 people walk through the gates each day of the four-day festival, forcing even airlines to provide 30 extra flights, so accommodation in Cheltenham is a priority for everyone.
The Cheltenham Festival is the biggest week of steeplechase on the calendar and consists of four days of top racing with the Cheltenham Gold Cup, worth £350,000 for the winner, the biggest race in the world. ‘event.
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A spokesperson for MyBettingSites said: “Many racing fans make the annual pilgrimage to Cheltenham for the festival but will have to shell out far more than anyone visiting the town with prices rising by up to 500% during race week.
“The average cost of a three-night stay in Cheltenham during the festival is over £2,000, almost 500% more than it would cost in the weeks leading up to the race – which would take a chance amazing in ring bets to cover.
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