New Orleans leads in New Year’s hotel prices: 182% Surge

Saturday, December 23, 2023

TravelMag.com’s survey ranks New Orleans as the top New Year’s Eve hotel spot, with a 182% price hike, followed by Miami (120%) and NYC (218%).

A recent study by TravelMag.com has identified New Orleans as the top-priced city globally for hotel accommodations during the New Year’s Eve period this year. The study compared the cost of a basic double room in 60 major cities worldwide, focusing on a 3-night stay from December 30th to January 2nd. Criteria for selection included hotels centrally located and with a minimum rating of three stars.

New Orleans leads the chart with the minimum room price of $1190, marking a staggering 182% increase over typical January prices. Following closely are Miami Beach and New York City, ranking second and third with 3-night stay costs of $1184 and $1164, respectively. Sydney and Rio de Janeiro are the priciest destinations outside the USA, with minimum charges of $1089 and $1087.

In the US, the study shows Boston and Chicago as the most budget-friendly options, with approximately $500 needed for a 3-night stay. Globally, Hanoi and Phnom Penh are the most economical for New Year’s Eve, with nightly rates under $40.

Below is a list of the top 10 most expensive global destinations for New Year’s Eve stays, based on the cost for the least expensive double room from December 30 to January 2. The percentage increase from the regular January rates is also noted:

1. New Orleans $1190 (up 181%)
2. Miami Beach $1184 (up 120%)
3. New York City $1164 (up 218%)
4. Rio de Janeiro $1089 (up 188%)
5. Sydney $1087 (up 269%)
6. Punta Cana $940 (up 341%)
7. Cancun $905 (up 115%)
8. Edinburgh $902 (up 208%)
9. London $894 (up 125%)
10. Honolulu $858 (up 51%)

Source: TravelMag.com

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