A frequent practice in organizing a big event is for the promoter to receive a kick-back from the hotels where the players are staying. The hotel may increase its rates to compensate for the kick-back.
That means that the players are paying more than just their entry fee. They're also unknowingly contributing to the tournament 'added money' out of their own pockets.
When you have a group of people staying at a hotel for an event, the rates should be discounted, not inflated.
If you're thinking of attending an event, try to find out what the hotel normally would charge for that time of year if there hadn't been an event. Then compare it with the rate you have to pay. Is it discounted? It should be. Is it inflated? It shouldn't be.
That means that the players are paying more than just their entry fee. They're also unknowingly contributing to the tournament 'added money' out of their own pockets.
When you have a group of people staying at a hotel for an event, the rates should be discounted, not inflated.
If you're thinking of attending an event, try to find out what the hotel normally would charge for that time of year if there hadn't been an event. Then compare it with the rate you have to pay. Is it discounted? It should be. Is it inflated? It shouldn't be.