£280 in February, £3,600 in March: Cheltenham Festival hotel prices soar

Hotel prices during Cheltenham Festival week are up as much as 1,185 per cent from standard rates. A four-night stay at the Central Hotel costs £3,600 during the festival. The Horseracing Bettors Forum (HBF) is concerned that prices may deter racegoers. Edward Gillespie, director of Cheltonham racecourse, believes market forces are to blame. Chelterham MP Alex Chalk believes increased demand, the cost of living crisis and growing energy bills are the factors behind the surging prices. He believes the market will only charge what it can sell.

Bills for electric, gas and water have tripled since last year. Some businesses are considering closing during the quieter months of January and February. Lindsey Holland, owner of Cleeve Hill Hotel, wants to ensure guests understand and respect the situation that's happening within Cheltenham. He wants them to respect it and not cashing in on the fact that prices are inflated. Cheltonham racecourse launched the 'Love Our Turf' campaign to address anti-social behaviour from racegoers. Johnny Dineen joins the Racing Post roster for a weekly Saturday column throughout the jumps season.