Mardi Gras Decoded: Breaking Down the Big Easy’s Business Boom

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ACCOUNTING FOR ACCOMMODATIONS

Due to the increased foot traffic during Mardi Gras, most revelers book their rooms months in advance, some as early as a year. A recent CheapHotels.org survey found that 15% of hotels were still available one week prior to the celebration, but last minute guests will pay more than double the regular rates. For example, a double room at the Ramada Plaza Inn on Bourbon Street that would usually cost $135 per night, could see a 253% price elevation to $349 a night. Similarly, The Holiday Inn Chateau Lemoyne’s Mardi Gras rate is $449 per night, in comparison to the usual nightly rate of $127. Some hotels conveniently located along parade routes create additional revenue by having parade viewing stands in front of the hotel. At the newly opened Hotel Modern on St. Charles Street, stand prices range from $30-$100 and patrons can order food and drinks from the provided waiter service.

ACCOUNTING FOR ACCOMMODATIONS

Due to the increased foot traffic during Mardi Gras, most revelers book their…

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