High-Priced Accommodation during Oktoberfest: Many Munich Residents Profit from Their Rental Properties
In the heart of Bavaria, Munich's Oktoberfest attracts millions of visitors each year, creating a surge in demand for accommodation. As a result, hotel prices during this festive period significantly increase, often more than doubling compared to non-Oktoberfest periods[1][2].
Typically, hotel prices in Munich remain relatively low, with rates well below €200 per night[2]. However, during Oktoberfest, the city's occupancy rate jumps to up to 95%, causing a dramatic rise in both prices and demand[2]. This increase aligns with broader patterns seen at major European festivals like Edinburgh Festival and Venice Carnival, where accommodation costs also surge[2].
Prices can vary depending on the hotel category and location, but the premium is generally reflected across the city[2]. For instance, a hotel room that might cost around €150-€160 on an average day can expect to cost €375-€400 or more during Oktoberfest, representing a roughly 1.5-fold hike in hotel rates[1][2].
To cater to the high demand, private apartment rentals flood the internet portals, with hosts aiming to profit from the surge[3]. A one-bedroom apartment in the university district, for example, might be offered for 1700 euros for the entire Wiesn time on the "classifieds" platform[4]. Similarly, an apartment just a minute from Oktoberfest can be advertised for 400 euros per night on Airbnb, with a total cost of 508 euros including cleaning and service fees[5].
However, it's essential to note that subletting an apartment in Munich is allowed for a maximum of eight weeks per year[6]. Tenants can offer their apartments on platforms like Airbnb, but only according to the city's rules and with landlord permission[7]. Failure to comply could result in losing the apartment or fines[8].
The Tenants' Association advises tenants to obtain written permission from their landlord before subletting[9]. Permanently renting out an apartment exclusively to tourists can be considered a change of use and punishable by fines of up to 500,000 euros[10].
In conclusion, Munich's Oktoberfest brings a surge in demand for accommodation, leading to a significant increase in hotel prices. For those seeking alternative options, private apartment rentals can be an option, but it's crucial to adhere to the city's rules and secure landlord permission.
References: 1. [Source 1] 2. [Source 2] 3. [Source 3] 4. [Source 4] 5. [Source 5] 6. [Source 6] 7. [Source 7] 8. [Source 8] 9. [Source 9] 10. [Source 10]
Written by Lea Schuetz and Julian Limmer.
Note: This article features an apartment at Theresienwiese with a unique location and proximity to the event, aiming to attract guests with its charm[11]. Additionally, some private hosts charge up to 2294 euros per night during Oktoberfest for a large apartment near Karlplatz, with two bedrooms, a living room, and a fully equipped kitchen[3].
