When Tel Aviv was announced as the host city of the Eurovision Song Contest 2019 hotel prices skyrocketed.
In some instances, rooms rose in price by over 1000%, as hotels anticipated an influx of 20,000 tourists to Tel Aviv during Eurovision fortnight.
Now that influx has failed to materialise, and as thousands of tickets remain unsold, hotels are dropping prices in response.
Israeli business outlet Globes reports that in one instance, Hotel Rothschild 22 has been forced to cut rooms prices for Eurovision weekend from a peak of 7400 NIS for a couple to just 3200 NIS. That’s a more than 50% drop since peak.
Hotel prices remain 20-30% above the seasonal average, but Globes suggests prices have fallen significantly since their peak in previous months.
With other large events scheduled in the city alongside Eurovision, price falls seem surprising.
Drop in demand for Tel Aviv flights, hotels and accommodation
Globes also reports that lower than average flight prices suggest demand for travel to Tel Aviv is low too.
Flights from a range of European destinations including Brussels, London and Barcelona can be found for as little as €300.
That’s in line with normal price for season, suggesting airlines have not been able to capitalise on high demand and raise prices.
The article also says over 10,000 AirBnbs remain available for short-term rents during Eurovision fortnight. In some cases rooms are available for as little as 400 NIS a night.
Are high ticket prices to blame?
As reported in the Israeli media, thousands of tickets remain on sale for this year’s Eurovision shows.
This is despite the fact that the arena is significantly smaller than in recent years.
KAN has responded to the article to point out that ticket sales are still ongoing:
“The sale of tickets to the Green Room, the semifinals, and the rehearsals is continuing. Tickets to the rehearsals and semifinals are relatively low, and this is an excellent opportunity for people to enjoy a show never before seen in Israel.”
What do you make of the news? Are you now considering a last minute trip to Tel Aviv? Let us know in the comments below!
Photo Credit: Lonely Planet