Laconia (New Hampshire) lodging owners normally reap big profits each year, during the nations 3rd largest bike week gathering, by raising their rates and requiring a minimum stay. But not this year. With bike week only days away most are reporting that reservations are way down. Of the 70 local lodging places only 5 are sold out. I wonder why. Hmmm, could it be the $250 nightly room rates?

Looks like our East Coast brothers and sisters are finally getting wise. Or maybe they’ve been hit by the economy and are paying closer attention to budgets. In either case many of them have decided to forego the local establishments in favor of cheaper lodging further away from the event. Source: Boston.com News