Apr 4, 2024 - News

🧳 Ballantyne hotels aren't feeling the love

Ballantyne hotel

The Ballantyne may be an exception to the low-occupancy trend because it's more luxurious. Photo: Alexandria Sands/Axios

Ballantyne is the only place in Charlotte not feeling the tourism boom.

Why it matters: Room occupancy in the office-centric neighborhood hasn't returned to 2019 levels, said Vinay Patel, who chairs the Charlotte Regional Visitors Authority.

  • That's because corporate travel hasn't rebounded like leisure tourism has, Patel said during a recent visit before Charlotte City Council.

The intrigue: Patel called Concord the "new Ballantyne" because of all the happenings around the Charlotte Motor Speedway. The convenient I-85 exit and Concord Mills also make it a popular stop.

Yes, but: Hotels citywide are expected to be filled to the brim once business travel returns in full force.

  • Charlotte drew 13.5 million overnight visitors in 2022.

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