[Article Translation] Accomodation Prices in Busan Rise by Up to 7.5 Times During BTS Concert Period
Original article: Yonhap News ⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋⚋ Accomodation prices in Busan are set to rise sharply in June, when the K-pop group BTS holds its concert, with average rates increasing by 2.4 times and peaking at as much as 7.5 times. The Korea Fair Trade Commission , together with Korea Consumer Agency , released the results of a survey covering 135 accomodations in Busan (52 hotels, 39 motels, and 44 pensions). According to the commission, the average room rate on June 13, the scheduled concert date, was 143.9% higher—about 2.4 times—compared with the week before or after. In particular, motels recorded the steepest increase at 3.3 times, followed by hotels at 2.9 times and pensions at 1.2 times. There were 13 cases—about 10% of all surveyed properties—where prices rose by more than five times compared with normal rates, including instances where rated reached 7.5 times the usual level during the concert period. The commission exp...