The price of a double room in a hotel overlooking the Grand Mosque in Mecca, Saudi Arabia during the month of Ramadan has rocketed to up to $3,500 per night.
That's the top price for a weekend rate while even on weekdays, visitors can expect to be charged more than $1,000.
In addition to the increase in prices, all hotels and furnished apartments in the vicinity of the Grand Mosque have been fully booked for the past two months.
“There is not a single vacant room nowadays,” hoteliers told Arab News on Monday.
They added that rooms for the last 10 days of Ramadan are being booked in package deals.
According to real estate brokers, the prices of hotel rooms and furnished apartments in Makkah have also rocketed, increasing by 60 percent when compared to the previous year.
Pilgrims are reported to be shocked at the high price of hotels and apartments and are now opting to live away from the Grand Mosque where the price of accommodation is cheaper.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TRAVEL & HOSPITALITY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TRAVEL & HOSPITALITY
LATEST MIDDLE EAST BUSINESS NEWS
- Healthcare: Daman gets tough on healthcare fraudsters
- Financial Markets: NASDAQ Dubai chairman resigns
- Culture & Society: Saudi floods kill at least 13 on first day of hajj
- Construction & Industry: Dubai firm allays fears over future of $316m Indian IT city
- Education: Mubadala completes $1bn financing for uni project
