(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 25. In the center of
Baku city and in its immediate vicinity, hotel room rentals and
daily apartment rentals have risen in price in connection with the
start of the Formula 1 Azerbaijan Grand Prix, Ramil Gasimzade, a
real estate agent, told trend .
Gasimzade noted that the daily rent of apartments from where you
can watch Formula 1 races have doubled.
"The increase in the rental price is temporary. The daily rent
of apartments varies from 300 manat ($176.4) to 500 manat ($294).
On normal days it changes from 100 manat ($58.8) to 150 manat
($88.2). The main reason for the increase is the influx of tourists
to the country due to the races," the expert noted.
Previously, the Azerbaijan Hotel Association also told Trend
that seats in all central hotels in Baku had already been fully
filled in connection with the Formula 1 races.
"With regard to the races, large hotels located in the city
center took in a lot of tourists. Hotels that are slightly away
from the racetrack are more than 70 percent full. This is a very
good result for the season. Small hotels are also crowded. There
are many wealthy people among the fans of Formula 1, and thereby
tourists prefer more comfortable and chain hotels located in the
city center. Most of the hotel rooms are booked by citizens from
Türkiye, Russia, Kazakhstan, Georgia, the US and European
countries," the association said.
Formula 1 Azerbaijan Grand Prix of 2023 will be held from April
28 to April 30. The majority of those who bought tickets for the
Grand Prix are citizens of the UK and the Netherlands.
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