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Hotel prices soar as tourists flock to see solar eclipse [Video]

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USA Economy and Markets

Solar eclipse should boost local economies

Solar eclipse expected to boost local economies as travelers pay a premium 01:58

Susan Hochman, who for seven years has been planning to travel to see the solar eclipse on April 8, will be shelling out hundreds of dollars for a one-night stay at a modest hotel room in Saranac Lake, New York, which is in the path of the so-called totality.

She’ll be spending $650 to spend one night at a Best Western hotel, where room rates are as low as $99 during less busy periods, according to hotel staff. 

“I thought that was crazy,” the New York City resident said. “I almost died at the $650 rate the Best Western quoted, but at least I can just stay there the one night that I need.”

Hochman booked her accommodations in October of last year. Still, she wishes she had made reservations far earlier. “As much as I had given it forethought, I didn’t plan …

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