Posted by Susan-Han Saturday, August 27, 2022

Busan hotels hike up their prices to $800~1,400 per night during the dates of BTS's free concert


Lodging businesses in the vicinity of Gijang-gun, Busan, are facing severe backlash for unreasonable business practices. 

Earlier this week, BTS announced details for 'Yet to Come' in Busan, a free concert promoting the city's '2030 World Expo' bid. The show will be held on October 15 at 6 PM KST at Busan Ilkwang Special Stage and will also be streamed live online for fans all over the world. Both the in-person and online options are free to the public, and the event is expected to host approximately 10,000 attendees. 

Immediately after the announcement, many domestic fans jumped to make reservations at hotels near the vicinity of the concert site. However, according to one fan, "I booked a room that sleeps 4 for 35,000 KRW (~ $260), but my reservation was one-sidedly cancelled by the hotel for 'private reasons'. The next day, a room that only sleeps 2 cost 40,000 KRW (~ $300)."

Another online user claimed, "I made 3 reservations yesterday and they all got cancelled. Am I supposed to camp for the night at the train station??"

Several days later, numerous online users reported that prices for hotels in Busan during October 14~16 have been hiked up to around 1,000,000~2,000,000 KRW (~ $800~1,400 USD) per night, with some charging as high as 8,900,000 KRW (~ $6,600) for two nights. 

In response to the surge of complaints and criticism, the city of Busan has issued a statement revealing that it would consider enforcing reasonable business practices for the concert dates. 

  1. BTS
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Kirsty_Louise32,246 pts Saturday, August 27, 2022 4
Saturday, August 27, 2022

Pretty standard practice to be fair, not saying it’s right at all but it always happens. I have been to London many many times and the most I have spent on hotels was for the BTS concerts I went to. When there’s large events hotels always hike up prices because there’s demand.

That being said around $800-$1400 is absolutely outrageous! I paid around £200 for my hotel when BTS performed at Wembley and I thought that was ridiculous.

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4 more replies

Candice-321157 pts Saturday, August 27, 2022 0
Saturday, August 27, 2022

The issue here is not about the price rise, but how the hotels one-sidedly cancelled existing bookings in order to charge a higher price in new bookings. Then what's the point of having the reservation system if the hotels can one-sidedly cancel any bookings whenever they find they can charge at higher price?

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