New York City Is the Most Expensive New Year’s Eve Destination

New York City Is the Most Expensive New Year’s Eve Destination

New York City has been crowned as the world’s most expensive destination for overnight stays this New Year’s Eve.

A survey by Cheaphotels.org compared hotel prices across 50 major cities. For each destination, the rate for the cheapest available double room for a 3-night stay from December 30 – January 2 was documented. Only hotels with a central location, with three stars or more, and with generally good guest reviews were considered.

With a nightly rate of $312 for the cheapest room, the Big Apple came out top of the rankings. Another US destination, Miami in Florida, emerged 2nd with a nightly rate of $297, while Sydney, Australia completes the podium with a marginally cheaper rate of $295.

London, UK is the priciest European city with a rate of $275 per night, placing it 4th overall. The most expensive Asian destination is Tokyo, Japan where visitors will have to pay $232 per night.

Compared with New Year’s Eve last year, when travel was still heavily impacted by the COVID-19 pandemic, Tokyo’s rates are more than 300% pricier this time around. Another destination where rates have shot up compared to a year ago is Marrakech in Morocco, where prices have more than tripled. For the results of last New Year’s Eve survey, please click here.

Most Expensive Destinations

The following table compares 50 destinations in the world for hotel stays on New Year’s Eve this year. The rates shown next to each destination reflect the nightly rate for the cheapest available double room for the period December 30 – January 2.

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1. New York City $312
2. Miami Beach $297
3. Sydney $295
4. London $275
5. Nashville $257
6. Edinburgh $234
7. Tokyo $232
8. Dubai $230
9. Cancun $217
10. Venice $214
11. New Orleans $214
12. Rio de Janeiro $210
13. Las Vegas $205
14. Honolulu $196
15. Toronto $195
16. Amsterdam $194
17. Rome $180
18. Vancouver $165
19. Paris $165
20. Los Angeles $161
21. Madrid $147
22. Taipei $145
23. Barcelona $144
24. Copenhagen $144
25. San Francisco $140
26. Montreal $140
27. Berlin $139
28. Chicago $137
29. Seattle $135
30. Melbourne $132
31. Singapore $129
32. Lagos $124
33. Marrakech $121
34. Seoul $115
35. Cape Town $112
36. Punta Cana $95
37. Mumbai $84
38. Hong Kong $72
39. Doha $59
40. Wellington $59
41. Nairobi $59
42. Buenos Aires $57
43. Shanghai $54
44. Macao $52
45. Phnom Penh $48
46. Kuala Lumpur $48
47. Kairo $48
48. Bangkok $39
49. Hanoi $34
50. Bogota $26