Skyline of New York
  Hotel Rates in New York City Skyrocket This New Year’s Eve
December 28, 2011 
Ringing in the New Year in New York City this December 31 will be an expensive proposition for travelers who waited until the last minute to secure a reservation. New analysis compiled by NewYorkHotels.org has found that a few hotel rooms are still available in and around the Big Apple, but only if revelers are willing to pay sky-high prices.

Just how much more is the City that Never Sleeps charging someone to sleep there this New Year’s Eve? The survey uncovered rates as much as 700% higher than usual.

Staying in the heart of the New Year’s celebration in Manhattan will cost travelers the most. There, 50 hotels are still posting room vacancies, but on average, they’re charging more than triple their regular rates. The Central Park area and the Financial District are particularly expensive if one wants to see the New Year’s Eve ball drop in person.

For instance, the 4-star Eurostars Wall Street, which typically goes for $129 per night, will cost $549 on New Year’s Eve. That price elevation represents a 325% increase. Even more costly is the Excelsior Hotel. Situated one-half block from Central Park, this 3-star accommodation is jacking up rates almost 570%, to $1332 versus the usual $199.

A little farther away from the action, in Soho and Tribeca, rooms can still be found for below $500 per night. To break the $300 mark, however, New Year’s visitors will have to trek to the borough of Brooklyn. They’ll still be paying significantly more than they usually would though.

In fact, the hotel with the largest overall percentage price increase is located in Brooklyn. The Red Carpet Inn, situation near the Brooklyn Bridge, is charging $1000 on New Year’s Eve. That’s 740% more than its typical rate of $119.

Do budget travelers still have any hope of spending New Year’s in NYC? If they want to save on their stay and don’t mind a bit of hike into the city, they can check out the JFK Airport environs. Rooms here can be had for $200 per night. The AirTrain, which runs round the clock, can then get them into Times Square and back in under one hour.

The following table shows the ten hotels with the biggest rate increases for New Year’s Eve in New York.

Name of Hotel Stars Location Regular-Rate New Year`s Eve Rate
Red Carpet Inn 2.0 Brooklyn $119 $1000
The Hotel 91 3.0 Lower East Side $125 $933
EXcelsior 3.5 Central Park $199 $1332
Off Soho Suites Hotel 2.0 East Village $179 $1065
Eurostars Wall Street 4.0 Wall Street $129 $549
Cosmopolitan Hotel 2.5 Wall Street $129 $509
The Roger Smith Hotel 3.0 Midtown $129 $499
Holiday Inn NYC 3.5 Midtown $179 $649
Affinia Manhattan 3.5 Midtown $171 $600
Park South Hotel 3.0 Murrey Hill $141 $499
About the survey:
The survey was conducted on December 27, 2011. Available hotels in New York City and their rates for the cheapest available double room on New Year’s Eve were established based on a search of the leading hotel-booking sites: Expedia, Priceline and Orbitz. For comparison, the rates for the same rooms from January 7 to 8 were established and determined as “Regular Rates.”
Map of New York
Upper East Side
Upper West Side
Long Island
Lincoln Center
Times Square
Central Park
Jersey City
Cities in New York State:
Mount Vernon
Other Cities:
Los Angeles
San Francisco
Top Attractions
Enjoy authentic Italian cuisine in Little Italy, take a stroll down 5th Avenue, catch a show at Radio City Music Hall or visit the Museum of Modern Art. The city that never sleeps won’t disappoint you.
Car Rental
If you need to rent a car in New York City, you can quickly find the right car on our site by comparing prices from over 100 rental car companies.
Travel Mag
Looking to escape reality? From family vacations to romantic getaways, countless travel opportunities abound. We can help you find the perfect itinerary to suit your needs and budget.
Home  |  Attractions  |  Restaurants  |  Car Rentals  |  Flights  |  Press  |  Help & FAQs  |  View/Cancel Reservation  |  Contact Us
© NewYorkHotels.org, All Rights Reserved