Memorial Day 2014 is right around the corner and now is the time to make travel plans. To help travelers make these plans, Expedia has come up with a list of some of the top summer destinations and last minute Memorial Day travel deals.

In its research, Expedia found that average US flight prices have increased by nearly five percent from last summer to $499. Hotel rates have also increased by three percent for an average of $171. However travelers shouldn't lose hope on finding a deal.

"While consumers searching late in the game may see higher prices, there are still many deals to be had in the most popular destinations," says Sarah Gavin, Senior Director of Merchandizing and Integrated Marketing, Expedia, "Taking advantage of package deals where you book your hotel and plane simultaneously, rather than apart, remains one of the easiest ways to save.  Also, tapping into the power of your smart phone, means you can save up to 40% on last-minute hotels with the exclusive mobile deals in the Expedia app."

Expedia determined the top five best hotel deals for Memorial Day based on the biggest changes to prices year-after-year. The following prices apply to those who check in on Friday, May 23 and check out Monday, May 26.

Here are five of the best hotel deals for Memorial Day Weekend:

Hilton Hotels in Chicago start at $79 per night.
Wynn Resoirts in Las Vegas starting at $359 per night
MGM Properties in Reno, NV, starting at $150 per night
Hilton Hotels in Lake Buena Vista, FL starting at $99 per night and
Hilton Hotels in Los Angeles, CA starting at $152 per night.

Other hot summer destinations where the Expedia travel analytics team found top deals based on the sharpest drop in year-over-year pricing for Memorial Day travel include:

  1. Panama City, FL
  2. South Padre Island, TX
  3. Memphis, TN
  4. Providence, RI
  5. Ocean City, MD
  6. Salt Lake City, UT
  7. Straits of Mackinac, MI
  8. Louisville, KY
  9. Cedar City - Bryce Canyon National Park, UT
  10. Laughlin, NV
  11. Rapid City - Mount Rushmore, SD
  12. Burlington, VT
  13. Harrisburg, PA
  14. St. Petersburg - Clearwater, FL
  15. Naples, FL

Expedia also determined which are the most popular Memorial Day destinations based on searches for flights and hotels. There most popular destinations are:

By Flights                                                                            

  1. New York
  2. Las Vegas
  3. Los Angeles
  4. Boston
  5. Chicago
  6. San Francisco
  7. Orlando
  8. Washington D.C.
  9. Seattle
  10. Atlanta

By Hotels

  1. Las Vegas
  2. New York
  3. San Diego
  4. Chicago
  5. Miami
  6. Los Angeles
  7. San Francisco
  8. Washington D.C.
  9. Orange County
  10. Seattle