A two bedroom home in Liverpool is currently available to rent for more than £15,000 for a single night over Eurovision weekend.
Tickets to the music spectacular in Liverpool went on sale at noon today, with huge numbers of pop fans doing their best to be there for the big night.
After the Ticketmaster site crashed under the huge demand, tickets for the grand final on Saturday May 13 sold out after roughly half an hour.
Now that those lucky enough to have their mittens on a ticket know who they are, there has been a rush to bag any remaining accommodation in Liverpool.
Demand has pushed the price of accommodation to levels never seen before in the city.
When we took a look on Tuesday afternoon, after tickets went on sale, a single room at the Britannia Adelphi Hotel in Liverpool is selling for £699 for the night - despite typically going for as little as £52.
Meanwhile a two-bedroom house in Liverpool which sleeps just five people is currently on the market for £15,833 for the night on Expedia, meaning each Eurovision fan would have to fork out £3,150.
The non-refundable house has one double bed, a bunk bed and a single bathroom.
A quick search on hotel aggregators show that many of the rooms in Liverpool that would usually go for closer to £100 are now available for five or six times that price.
Sebastien Texier, general manager at Hopper, said the travel company had seen a huge surge in prices today.
"Eurovision coming to the UK is a once in a generation opportunity and eager Brits and die-hard fans across the world not only want a front row seat to the Liverpudlian party, but a place to stay in the northern hotspot," he said.
"Demand for hotels in and around Liverpool has reached frenzy levels with our data showing prices at over £5000 for just a single night over Eurovision weekend.
“It looks like Eurovision euphoria could even steal King Charles’ crown in May as demand for hotels in Liverpool reaches record levels over the capital.
"Given this level of demand, it’s important that eager Eurovision fans don’t get caught out if hotels take more bookings than the number of rooms they have available.
"Certain travel apps provide overbooking guarantees that protect holiday-goers and allow users to rebook at a new hotel or receive a complete refund if places are overbooked.”
The spike in prices has been on Eurovision fans' radars for several months, following the announcement of Liverpool as the host city.
In October The Mirror spoke to multiple fans who were left livid and disappointed after having pre-emptively booked a stay, only to have it cancelled since the announcement.
One Continental pop enthusiast who's already booked her flights to the UK from Germany feels 'robbed' after her £52-a-night stay was cancelled moments after Liverpool was announced as the host city.
Another woman - who had flats booked in both Glasgow and Liverpool before the winner was chosen - was told her landlord would no longer be in the city next summer to host her, two hours after Liverpool was chosen.
A third Eurovision die-hard fan shelled out £3,200 to book a 16-bed place for an all-weekend pop bender, only to have it cancelled the next morning when the price was tripled to £9,600.
Rebecca L, from Utrecht, booked an Airbnb in Liverpool as soon as the city was announced as the host, only to quickly receive a message saying "this property was accidentally listed, we are not able to host you".
The host then asked her to cancel the booking, meaning they avoided paying cancellation fees while maximising their chances of a big payday by putting it back on the market.
"I felt robbed knowing that staying in Liverpool suddenly was impossible," Rebecca told The Mirror. "From staying at a rate of €50 a night, to suddenly €5,000.
"And it went like this for every other booking. I had another booking where a host told me, that if she was able to host, she'd have to reset the price accordingly. Aka, she's all in for the price."
As she's already booked her flight, Rebecca is staying in Manchester, "because it is too expensive to book anything in Liverpool with hosts being unreliable and cancelling every time".
