Irish fans heading to Cheltenham are facing eye-watering accommodation costs — with hotel prices jumping by 500 per cent for that week.
New research shows that punters will be paying over €2,000 for a three night stay in Cheltenham during the festival.
The research from MyBettingSites has uncovered that the average price can rise over five-fold for the festival.
The average price of a three-night stay in the weeks leading up to Cheltenham can be as low as £372 (€448), before that average price rises to £2,190 (€2,640) during the Festival.
On AirBnb, the average price of a three-night stay in Cheltenham is fairly stable at around £400 (€482), before skyrocketing to above £2,000 (€2,411) as locals make the most of the crowd.
It’s a similar story on Booking.com, where the average price before Cheltenham is as low as £380 (€458) for a three-night stay before jumping to £1,500 (€1,808) during the festival.
Around 65,000 pass through the gates on each day of the four-day festival, which even requires airline companies to provide 30 additional flights, so accommodation in Cheltenham is a priority for everyone.
The Cheltenham Festival is the biggest week of jumps racing in the calendar and consists of four days of top-class racing with the Cheltenham Gold Cup, worth £350,000 (€422,000) to the winner, the biggest race of the event.
A spokesperson for MyBetting-Sites said: “Many racing fans make the annual pilgrimage to Cheltenham for the Festival, but will have to fork out much more than anyone else visiting the town with prices increasing by up to 500 per cent during the race week.
“The average cost of a three-night stay in Cheltenham during the Festival is over £2,000.”
More can be found on mybettingsites.co.uk.
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