Hotel prices in Silicon Valley have now become some of the most expensive in the world, and those working in the industry only see prices heading higher.
A hotel room in the valley costs an average of $327 per night, according to data provided exclusively to CNBC by Hotel Tonight. That's up more than $100 from a year ago.
That means Silicon Valley is now more expensive than New York or London, which cost $234 and $171, respectively.
"Hotel prices and hotel occupancy really just trend like the rest of the entire economy," Sam Shank, CEO of Hotel Tonight, told CNBC. "The entire economy is white-hot out here. There are no signs of it slowing down. So, as long as that's the case, hotel prices and hotel occupancy are going to grow to match that."