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Daytona 500 rakes in millions for local economy

Hotels, businesses booming during Speed Weeks in Daytona Beach

DAYTONA, Fla. – It's a big weekend for hotels and businesses in Daytona Beach.

"Daytona 500, there's nothing else quite like it. We love it. Everybody's busy. Everybody's making money. Everybody's got a smiling face. It's a good time," said Carol Collet, general manager for the Daytona Inn.

She said they are completely sold out at this point, and that's good news after last year's hurricane. She said they've had to spend a lot of money on repairs.

"We had some roof damage and had it repaired. We had some pool damage and it's back to new. We had some damage in individual rooms and that's been taken care of," she said.

From the looks of it, most of the hotels along the beach are back up and running, and according to a spokesperson for the Visitor's Bureau, they've actually seen an increase in bed tax collections and occupancy since the hurricane.

She also said that the local economy is expected to make more than $250 million thanks to Speed Weeks.

To see what hotels are still available click here.