Real estate prices in and around Pinehurst, North Carolina have risen sharply ahead of the 2024 US Open.
An analysis of Airbnb and hotel bookings shows that some rates double from what they are the week before or the week after the US Open comes to town.
Researchers collected 866 Airbnb and Booking.com lodging listings in Pinehurst for the 2024 analysis.
The dates are scheduled for June 13 through June 17, 2024 and are compared to average prices for a four-night stay on the same dates in the weeks before and after the US Open. The search for the residence was for two adults.
If you zoom in on Airbnb the average price for a stay at Pinehurst between June 13 and 17 (during the US Open) is $7,560, while the average price for the same price last week (June 6-10) is $3,729, and the following week (June 20-24) is $1,035.
Accommodation prices during the tournament are 102.7% higher compared to the week before and the week after the US Open, seven times lower.
According to the results of the Booking.com analysis, the average price of accommodation in Pinehurst during the week of the US Open is $8,416, while the average price for the same number of days of the previous week (June 6-10) is $4,880, and the following week (June 20-24 ) is $2,870.
Therefore, prices during the tournament are 73.47% higher compared to the previous week and in the week after the tournament, accommodation prices are 2.93 times lower.
When data from Booking.com and Airbnb are combined the price of a stay in Pinehurst between June 13 and 17 is $7,988 while the average price for the same price for the days of the previous week (June 6-10 ) comes in at $4,304. , and the following week (June 20-24) it reaches $1,952.
Prices during the tournament increase by 85.58%, and the week after the US Open, accommodation prices drop four times.
At the time of writing, the cheapest option on Airbnb for the dates between June 13 and 17 (during the US Open) is a room with a private bathroom and shared common areas 12 miles from Pinehurst Resort for $797.
The cheapest option on Booking.com for the dates between June 13 and 17 is a one-bedroom apartment, seven kilometers from Pinehurst Resort, for $1,260.
The 2024 US Open will be held at Pinehurst’s famous No 2 course.
