Coachella Fest Impacts Local Economy
Photo: Video by kmir6.com
CREATED Apr. 12, 2013
From the Homewood Suites Hotel in Palm Desert to the Travelodge in Indio, rooms are already sold out for this weekend's Coachella Fest.
"This is our busy season, we get busy all the time," said a Travelodge employee, Cynthia Benitas.
The money coming in is definitely a plus for business, and one traveler from San Diego says she doesn't mind paying those higher rates.
"The room is close to $300 a night, but for last minute it's actually really cool because we have four of us staying," shared Dena Shamoon.
With friends, Shamoon splits the cost of the room at the Travelodge making it a little easier on the wallet.
Hotels in the Valley aren't the only ones seeing higher sales, but restaurants are seeing an increase too.
"We usually go up 20 to 30% during these three weeks now," said Mike Carney.
Carney is a bartender at Neil's Lounge in Indio, a popular place for many going to the concert.
Neil's has some regulars like Danielle Carrillo from Los Angeles who has stopped at Neil's for the past six years before heading to the concert.
"It's the chili dogs and the hot wings," said Carrillo.
And for the experience all together making it a costly trip.
"I don't know how much I've spent, probably about 500 to 600 dollars," said Carrillo.
Some businesses like Papa John's, just a few miles away from the festival, will be open late hours to meet the customers' needs.
In the end, it's a win-win for both businesses and the festival's attendees.
"There's a lot of people having a good time. They have plenty of money to spend, and they love spending it here," expressed Carney.
As for the festival's goers, many say that the money spent on Coachella Fest is worth it.
"It's always going to be an amazing experience," said Carrillo.
According to local economic analysts, this year's festival could generate more than 2012's revenue of more than 254 million dollars.