EM 2024: Financial expert advises fans to book accommodation early - high demand could lead to rising prices

EM 2024: Financial expert advises fans to book accommodation early - high demand could lead to rising prices

The first sales phase for EM tickets ends this Thursday. The demand is huge. This has consequences – accommodation could be expensive for the traveling fans.

According to a report by www.welt.de, the consumer advice centers recommend that football fans book their accommodation early for their visit to the 2024 European Championship in Germany. It is recommended that you also consider accommodation outside the venues as all ten stadiums are easily accessible by public transport and the tickets are valid as public transport tickets. The first sales phase for EM tickets ends on Thursday at 2:00 p.m. and just over a million tickets will be offered, without any specific pairings having been determined yet. The final division of the groups will be determined on December 2nd after the draw. The EM organizers are expecting more than ten million inquiries and the allocation of tickets will be decided by lottery.

Hotel costs have already increased significantly almost eight months before the tournament, especially in the cities of the top games such as the opening game in Munich and the final in Berlin. Further price increases can be expected here as soon as it is clear which teams will play when and where. The size and financial strength of each fan base will also impact prices. Hotel association general manager Markus Luthe recommends booking directly with the desired hotels, as the price calculation depends on various factors such as location, supply and demand, competitor situation and costs.

Rising hotel costs could lead to financial burdens for fans and increase demand for alternative accommodation options such as holiday apartments or private rooms. It is therefore advisable to book accommodation early to secure cheaper prices. Fans should also consider the option of booking outside of the venue and using the good public transport connections.

The increasing demand for accommodation and the associated higher prices could also have an impact on the hotel and restaurant sector. Hoteliers could benefit from higher income, especially in the cities where the European Championship games will be held. Hotel prices in these cities are expected to continue to rise as the tournament approaches and the games become more popular. The EM 2024 could therefore have a positive effect on the hotel and restaurant sector.

Source: According to a report by www.welt.de