this post was submitted on 06 Feb 2024
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As someone who just tried to get a hotel near a concert, it won't work like that. The hotels know there is a show in town and price accordingly. When I tried, rooms that were typically $75-$150 per night were at $400-$1000 per night. I'm talking Hilton and Marriot all the way to econolodge and motel 6, all raised their prices by 5-10x. Anything I found that was decent was an advertisement for a general price. Then you try to reserve and they say "Oh you wanted it for THOSE nights? The price is $700 a night for those nights." Even though I clicked on $125 a night search results. This was 8 months before my stay, within a week of the concert being announced.
Ended up renting an RV for 4 days and parking it at a cheap rv place. Still cost over a grand after everything.
The rates you mention are... ridiculously foreign to me. I cannot even conceive only dropping half a grand and having somewhere to sleep for a whole week. Not saying it doesn't happen, but not near me for damn sure.
Not sure where you live, but any big city is likely to have (as a whole) more than enough hotel capacity that a single big event won't cause that much demand. You just won't be able to find a room nearby. Add a 20 minute (or 60, depending) Lyft to the suburbs and they're barely aware that the event is happening.
Also, to get that price you need to look at extended stay hotels. These blur the lines between a hotel and a short-term rental apartment. They do not offer a stay for a single night. They are often sold by the week, or at least with a 1-week minimum