Hotel Prices for Kentucky Derby Weekend up by 340%
April 27, 2017 8:57am
With one of the biggest horse races in the country just around the corner, hotel price comparison platform, HotelsCombined analyzed the hotel rates for the popular race weekend in Louisville, Kentucky and discovered that on average the price of a hotel room for one night on Kentucky Derby weekend is 340% higher than the previous weekend.
Further analysis determined that despite the steep price increase hotel prices are 10.5% lower for this year's race weekend compared to last year.
“The Kentucky Derby is one of America’s most popular events on the sporting calendar and as with any big event demand for hotel rooms increases, as do prices, as people travel from across the country and the world to witness the popular event, ” said Chris Rivett, travel expert at HotelsCombined.
“The price inflation for Kentucky Derby weekend is a reflection of the event’s popularity,” added Rivett.
HotelsCombined analyzed the price of three hotel rooms at three different hotels* on Kentucky Derby weekend and the weekend prior (that still have availability) to get an understanding of what consumers are paying to be part of one the longest running sporting events in the United States.
With HotelsCombined occupancy rates sitting at 91% for the big race weekend, it’s clear that Americans and international travelers are willing to pay a premium price to witness the first of the Triple Crown races.
*The hotel prices above were collated on 20.04.17. Prices and availability might have changed since these dates.
hotel price comparison platform,
HotelsCombined is one of the world’s leading hotel price comparison platform. Founded in Sydney, Australia in 2005 our technology delivers availability and prices from all the top travel sites like Booking.com, Hotels.com and Expedia in one simple search, helping millions of travelers to make the right accommodation decisions every year. By partnering with key online travel brands and hoteliers from around the world, HotelsCombined offers the best range of hotel deals so users can feel confident they’ve got the most from their booking. HotelsCombined has helped over 400 million travelers search and compare hotel deals, is a 4 x winner of the World Travel Awards, and is available in over 42 languages and delivers prices in 130 currencies.
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