Miami and Miami Beach Raising Hotel Rates Sky High This New Year’s EveDecember 29, 2014
Ringing in the New Year in Miami is going to be a pricey affair for those revelers who have not yet secured a hotel room. In response to the year-end celebration, the hip resort city in southern Florida is jacking up its hotel rates by as much as 491% on December 31. That’s the major takeaway from the latest survey from MiamiHotels.org.
At the present moment, less than one in 10 Miami hotels still have vacancies for New Year’s Eve. This lack of availability is prompting those that do have rooms to jack up their rates by 185%. And percentage-wise, Miami Beach is even pricier. There, overnight guests will encounter hotel rates that average 249% more than usual. And that’s just for starters. Some accommodations are raising their rates even more.
A good case in point is the Clinton Hotel South Beach. This three-star accommodation is presently posting a rate of $699 for a queen room for the December 31st holiday. In comparison to what the same room costs on a typical night, that rate equates to a 400+% price hike. Earning the distinction as the biggest rate hiker, however, is the Fashionhouse Hotel. This South Beach accommodation is listing a New Year’s Eve rate for a junior room of $999. That figure is nearly 500% more than the normal rate for the same room.
For the cheapest available double room in Miami Beach, holiday celebrators will currently have to spend close to $400. If they are staying at least three nights, they can find a room for around $300 per night. In downtown Miami, however, cheaper rooms will not be found. Those seeking more affordable options in which to ring in the New Year will have to look around the Miami airport. There on the city outskirts, a room can still be found for less than $200 on New Year’s Eve.
The following table shows the 10 hotels in Miami with the highest rate increases for New Year’s Eve 2014. Regular rates reflect the price for the same room one week later.
|Name of Hotel||Room Type||Regular||Dec 31||Increase|
|Fashion House Hotel||Junior Room||$169||$999||+491%|
|Clinton Hotel South Beach||Queen Room||$139||$699||+402%|
|Midtown Inn Miami Hotel||Standard Room||$114||$566||+396%|
|Leamington Hotel||Standard Room||$69||$319||+362%|
|Crest Hotel Suites||Studio/td>||$215||$940||+337%|
|South Beach Plaza Hotel||Superior Room||$135||$569||+321%|
|The Penguin Hotel||Standard Room||$147||$619||+321%|
|Days Inn And Suites Miami||Queen Room||$124||$499||+302%|
|President Hotel||Standard Room||$168||$619||+268%|
|Beach Place Miami||Standard Room||$117||$399||+241%|