Marrakech as a lot in common with Fez, but it’s also quite different in many ways so quite a few travelers take time to see them both. The highlight of the city is Djemaa El-Fna, which is the huge open square in front of the souks in the medina. During the day it’s filled with entertainers and hustlers (be careful) and at night it becomes one of the world’s great outdoor food courts. Most of the other sights around the city are free or cheap, but of course shopping is the main event so that can easily get out of hand if you don’t bargain well and just buy everything that appeals to you.
Hotels in Marrakech range in price and quality from cheap places that are some of the worst rooms you’ve ever seen, up to luxury places that are solid 5-star with prices to match. There is plenty in the middle as well, with more of the cheaper places being in the old city and more of the expensive places being in the new city.
Food can be cheap in Marrakech if you eat at the street stalls and local restaurants, but if you mostly go to places in hotels that are only aimed at tourists then it’s not such a bargain. Alcohol is hard to find here, usually only in hotel bars, so don’t expect to get drunk cheaply like you can in so many places with food at these prices.