Hotel prices skyrocket for Balloon Fiesta

Hotel prices in New Mexico have skyrocketed with Albuquerque’s 50th International Balloon Fiesta underway.Damen Kompanowski, the president of Greater Albuquerque’s Hotel & Lodging Association, said the spike in prices are expected this time of year. “We definitely see some spikes in our rates during this time, but it’s kind of the demand in rooms. Over the next nine days, we’ll see nearly a million travelers coming to Albuquerque and with that comes some rate increases for our hotels,” Kompanowski said. “This is the 50th anniversary of the Balloon Fiesta, and like any major special event such as the Kentucky Derby, you think of events like Comic-Con and Las Vegas, and the Superbowl —this is like Albuquerque’s Superbowl.”However, one New Mexico resident believes the prices are outrageous. “What used to be a fun weekend with a lot of families is now becoming like an all-out vacation, because it’s not something the everyday person can afford,” said New Mexico resident, Tiffany Martinez-Durant. “Inflation is real. We’re seeing not only spikes in hotel costs, but we’re seeing spikes with food, with groceries, with gas.” Martinez’s family is coming into town for the Balloon Fiesta, but she said with the spike in prices, they can’t afford all that comes with it. “I have family coming in from out of state. We’re trying to figure out how to accommodate them in our homes, because it’s not realistic to rent a hotel or even Airbnb’s at that point,” she said. An average two-day stay in an Albuquerque hotel ranges roughly from $80 to $160, but with Balloon Fiesta less than two days away, prices have skyrocketed to over $1,000 for a weekend stay. Kompanowski advises people to search online for deals. “We do a lot during this time to make sure our guests are having the best time, while they’re in town,” Kompanowski said. “There are definitely deals out there. I was online looking and you can definitely come here. It’s not much different if you were just traveling to Denver for the weekend or a normal weekend.” Albuquerque International Balloon Fiesta is Oct. 1-9.

Hotel prices in New Mexico have skyrocketed with Albuquerque’s 50th International Balloon Fiesta underway.

Damen Kompanowski, the president of Greater Albuquerque’s Hotel & Lodging Association, said the spike in prices are expected this time of year.

“We definitely see some spikes in our rates during this time, but it’s kind of the demand in rooms. Over the next nine days, we’ll see nearly a million travelers coming to Albuquerque and with that comes some rate increases for our hotels,” Kompanowski said. “This is the 50th anniversary of the Balloon Fiesta, and like any major special event such as the Kentucky Derby, you think of events like Comic-Con and Las Vegas, and the Superbowl —this is like Albuquerque’s Superbowl.”

However, one New Mexico resident believes the prices are outrageous.

“What used to be a fun weekend with a lot of families is now becoming like an all-out vacation, because it’s not something the everyday person can afford,” said New Mexico resident, Tiffany Martinez-Durant. “Inflation is real. We’re seeing not only spikes in hotel costs, but we’re seeing spikes with food, with groceries, with gas.”

Martinez’s family is coming into town for the Balloon Fiesta, but she said with the spike in prices, they can’t afford all that comes with it.

“I have family coming in from out of state. We’re trying to figure out how to accommodate them in our homes, because it’s not realistic to rent a hotel or even Airbnb’s at that point,” she said.

An average two-day stay in an Albuquerque hotel ranges roughly from $80 to $160, but with Balloon Fiesta less than two days away, prices have skyrocketed to over $1,000 for a weekend stay.

Kompanowski advises people to search online for deals.

“We do a lot during this time to make sure our guests are having the best time, while they’re in town,” Kompanowski said. “There are definitely deals out there. I was online looking and you can definitely come here. It’s not much different if you were just traveling to Denver for the weekend or a normal weekend.”

Albuquerque International Balloon Fiesta is Oct. 1-9.

Next Post

Uncertain future for sailors' refuge building

Fri Sep 30 , 2022
Published: 3:32 PM September 30, 2022 Questions have been asked about the future of a Yarmouth landmark, which was built as a home for shipwrecked mariners. Former Yarmouth MP Tony Wright raised the uncertain status of the town’s Maritime House at a borough council meeting. The building, designed in the Italianate […]
Uncertain future for sailors’ refuge building

You May Like