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Hotel prices in Sochi increase 121% over Olympics

Profile Photo By: H L
January 23, 2014

Hotel prices in Sochi increase 121% over Olympics

Hospitality News: Sochi Olympics Source:http://www.traveldailynews.com/news/article/58636/hotel-prices-in-sochi-increaseDuring the 2014 Olympic Winter Games in Sochi (Feb 7-23), hotel prices for a standard double room rise 121%* to an average of $243/night.

According to hotel price comparison?trivago.com, travelers pay on average less than $275/night on all days of the Olympics in Sochi. There is a price peak occurring on the weekend of February 14th/15th, when people will pay an average $268/night (a 144% increase). Prices are most affordable during the opening ($223/night) and closing ceremonies ($205/night).

Travelers to London over the Summer 2012 Olympics paid an average $547/night, more than twice than what people will pay in Sochi. Compared to the average during the last week of January 2014 (January 25 – 31, 2014: $110).

* Compared to the average during the last week of January 2014 (January 25 – 31, 2014: $110)

Source Travel Daily News, http://www.traveldailynews.com/news/article/58636/hotel-prices-in-sochi-increase

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