The staggering figures were highlighted by analysis comparing the cost of hotels and Airbnbs next week with the weeks before and after the iconic jumps meeting
The Cheltenham Festival sits atop many punters’ bucket lists.
The four day meeting has attracted visitors in their droves, and many thousands return year after year. But in recent years rising costs have contributed to a decline in attendances with some fans cutting the number of days they attend and others not coming at all.
Punters’ biggest gripe is the staggering cost of accommodation around Cheltenham, a week when many hotels, b&bs and guest houses, will put their prices up.
Now analysis by Better Collective for MyBettingSites.co.uk has revealed the vast difference in the cost of staying around the Cotswolds between March 10 and 15.
They analysed over 1,200 accommodation listings on Booking.com & Airbnb to determine how much higher accommodation prices are during the festival compared to the week before and after.
According to the results of the analysis a 5-night Cheltenham stay on Booking.com costs on average £3,287.91, which is 204.15% more than the week before the festival and 232.38% more than the week after the festival.
A 5-night Cheltenham stay on Airbnb costs on average £1,717.36, which is 191.44% more than the week before the festival and 177.62% more than the week after the festival.
When Booking.com & Airbnb data are combined together, an average 5-night Cheltenham stay costs £2,502.63 which is 199.66% more than the week before the festival and 211.31% more than the week after the festival
On Wednesday the cheapest option on Airbnb is a private double room in a house 15 miles from the Cheltenham racecourse for £234, meanwhile, the most expensive option on Airbnb is a private room with an ensuite bathroom in a house 1.5 miles from the track for £6,385
The cheapest option on Booking.com for the Cheltenham festival is an apartment 15 miles away for £667 and the most expensive is an entire 6-bedroom house 2 miles from the course for £17,870.
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