The bunker is seen as the heart of Mipim but pass prices are so steep many delegates are finding alternative meeting points

Having only arrived in Cannes last night in time for a quick bag drop before dinner, I have yet to venture into the bunker. This rather ominously titled location is traditionally the heart of the MIPIM conference.

But it seems I am not the only one who hasn’t been in yet. And while I intend to head there today – there are a huge number of delegates who won’t be setting foot inside the Palais all week.

With the pass prices now costing around $1600 MIPIM-goers are increasingly opting out of forking out and are simply meeting in the surrounding bars, restaurants and hotels – picking up key bits of information from “the inside” on their blackberries and laptops.