New York Hotels Enjoy Spike In New Year’s Rates

NEW YORK—Travelers seeking last-minute reservations for the New Year at New York area hotels faced sky-high rates.

Given the tremendous demand from both domestic and international travelers to spend New Year’s weekend in Manhattan, rates as much as tripled at some hotels, compared to usual winter weekend rates, according to website NewYorkHotels.org.

Hotels near Central Park and in the downtown Financial District were in particularly high demand and rates showed the greatest percentage increase, according to survey data.