New York City's hotel prices have surged, with the average nightly rate hitting $417 in September, the highest ever recorded, exceeding pre-pandemic levels.
Hotel rates have soared as tourists flock back to the city, re-energizing an economic sector that was severely affected by the pandemic's disruptions.
In Manhattan, luxury hotels can demand rates over $1,000 per night, with the St. Regis New York charging up to $1,854 for a king room.
With only Maui surpassing New York in hotel prices this September, the city’s accommodation costs reflect a significant demand rebound as tourism revitalizes.
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