President Donald Trump acknowledges applause after speaking at the American Farm Bureau Federation annual convention Monday, Jan. 8, 2018, in Nashville, Tenn. (AP Photo/Mark Humphrey)
INTERNATIONAL - Prices for accommodation in the Swiss Alps town of Davos, hosting the annual World Economic Forum on January 22 to 26, have soared after the announcement from the White House that US President Donald Trump is going to attend the event. 

On January 11 it announced that Trump and seven ministers, including State Secretary Rex Tillerson, are going to represent the country at the Davos forum. It was learnt from various sources that soon after the announcement, journalists following Trump were in a desperate search for accommodation and offered up to 10000 (R150614) for a flat next to the Congress Center, the forum’s venue. 

Some previously-made bookings have already been cancelled.