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CUP: Charlotte Track, Area Hotels Form Pact to Drop Rates
Written by: SceneDaily.com
SceneDaily.com   
07/23/2008 - 12:39 PM
Concord, NC
 
More ticket packages, and lower hotel rates will make things a little easier on fans visiting Lowes Motor Speedway this fall. (Photo: Rusty Jarrett, Getty Images) ยป More Photos

With fans facing economic hurdles, Lowe’s Motor Speedway entered into a partnership with 36 area hotels for 15 percent reduction of typical race-weekend rates with no minimum stays during the Bank of America 500 race weekend in October.

The hotels are within about a 30-mile radius and not necessarily those closest to the track. The hotels are listed on the track’s Web site.

“Most of the hotels that are participating, for the first time in May that they could ever remember, did not have full houses,” said Tim Newman, chief executive officer of the Charlotte Regional Visitors Authority. “As
we talked to fans and [the hotels] talked to their customers who didn’t book about why that was, they said, ‘We’re not going to do a three-night minimum and we’re tired of you jacking up the rates.’ ”

It was just another sign as the sport attempts to adjust to the current economy.

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