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A busy weekend ahead as Austin prepares for an economic boost from Formula 1 US Grand Prix

Hotels were nearly 90% full during last year's race with that number expected to be higher in 2024.

AUSTIN, Texas — The engines will roar this weekend at Circuit Of The Americas for the Formula 1 United States Grand Prix, with hundreds of thousands of people expected to attend.

On Thursday, fans downtown started trickling in from around the country and the world. Managers at restaurants like Cooper's Old Time Pit BBQ downtown are also really excited.

“You can see we [have] already taken off, right out the gates. It's nice, good for the city and definitely good for us," Mathew Carneiro said.

They're expecting lines out the door throughout the weekend, and experts say race weekend will bring big dollars to the local economy over the next few days.

"Somewhere close to a billion ... That's going to be felt across the state’s economy," Matt Patton with Angelou Economics said. "If you're going to fly in, buy food. go out for dinner, perhaps stay at a hotel ... Airbnb, you're going to rent a car."

According to Visit Austin, hotels were 87% full during the Grand Prix last year, and that number is expected to be even higher this year.

“It’s definitely a track that can throw some curveballs as a spectator," F1 fan Justin Tribula said. "You're around people that have enthusiasm ... see that grittiness."

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