Calgary

Prices jumping ahead of Stampede

With the Stampede just a few days away, Calgarians and visitors are starting to notice that hotel rooms, parking spots and even a pint at a pub are more expensive.

With the Stampede just a few days away, Calgarians and visitors are starting to notice that hotel rooms, parking spots and even a pint at a pub are more expensive.

But according to the head of Tourism Calgary, there is a bright side to all those steeper tabs. 

"When prices are higher for hotel rooms or any product for that matter it's a reflection of increased demand," said Randy Williams.

"And people want to visit and take part in that, and it's a great reflection on the event or the city. And that's why the prices are higher."

Fans of country music star Kenny Chesney will pay a lot more to see his show in Calgary than they will when he plays Edmonton.

That's not surprising to Mark Teo, music critic for Fast Forward magazine. He said concerts seem to be especially susceptible to the sudden spikes in ticket prices.

Teo recommended fans think twice before shelling out to see their favorite performers during the Stampede

"Stampede is good for certain things, but I'm not sure I'd go there to see a band play," he said.

Spending mood

A recent telephone survey by TD Bank Group suggests Calgarians are in the mood to spend.

The poll found that, among Calgarians who plan to attend the Stampede, 40 per cent will spend between $150 and $500 during the 10-days, while 53 per cent have budgeted up to $150.  

One four-star downtown hotel is charging 50 per cent more starting on Friday.

Despite the higher prices, Williams said he doesn't see evidence of widespread price gouging.  

"It doesn't matter if it's the Super Bowl or La Carnival. Visitors expect that the prices will be little higher," he said, adding officials are expecting a record number of visitors will be in Calgary, partly due to the royal visit. 

 

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