Business

Report: Charlotte hotel prices up 6 percent

Fireworks light up the night over the Charlotte skyline.
Fireworks light up the night over the Charlotte skyline. THE CHARLOTTE OBSERVER

Hotel prices across the U.S. as well as in Charlotte rose over the last year as the economy improved and people traveled more.

The average price of a Charlotte hotel in the first half of this year was $121, up 6 percent from $114 in the first half of 2014, according to a price report from Hotels.com. Charlotte is the No. 26 most popular U.S. destination but ranks 38th in average hotel price, according to the report.

New York remains the most expensive U.S. destination, with hotel prices averaging $245 a night, though costs dropped 6 percent from last year. The decline could be attributable to the hotel boom in Manhattan and Queens, according to the report.

Charlotte is experiencing a hotel boom of its own, with 1,900 rooms uptown and in surrounding areas either proposed or under construction that could boost hotel room supply by 42 percent.

Elsewhere on the list, hotel prices in the No. 44 most popular U.S. destination, Charleston, rose 2 percent to $169 this year, and in Myrtle Beach, which is the No. 25 most popular, prices rose 3 percent to $150 a night. In Raleigh, the 36th top U.S. travel destination, average hotel prices rose 5 percent to $108 a night this year.

Hotels.com ranked Las Vegas the top domestic destination, though its average hotel price per night was only $119 last year, up 2 percent from 2014.

Katherine Peralta: 704-358-5079, @katieperalta

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