Davos isn’t glamorous for everyone. Here’s what it’s really like to attend the exclusive economic conference that brings billionaires together with business and political leaders from across the globe.

Boris-B / Shutterstock.com

The WEF waives the conference’s 27,000 Swiss franc ($28,000) admission fee for all attendees who are not there to represent a business, Business Insider reported. However, all attendees do have to be WEF members. The annual membership fee starts at 60,000 Swiss francs ($62,000) and can run up to 600,000 Swiss francs ($620,000), depending on what type of membership you choose, according to the BBC.

The costs don’t end there, however. Hotels raise their prices to five times their normal rate during the conference, according to The New York Times. Rooms at two of the most popular hotels among attendees, the Belvedere and the InterContinental, are renting for $231 and $392 on nights in January, their websites show. Both hotels are currently sold out during the event.