Why are rates soaring in NYC in Aug/Sept/Oct 2009? (merged threads)
Aug 3, 2009, 9:54 pm
#1
Original Poster
Join Date: Aug 2008
Location: USA
Programs: SPG Platinum (100)
Posts: 517
Why are rates soaring in NYC in Aug/Sept/Oct 2009? (merged threads)
The Manhattan Starwood properties appear to be totally full over the next few days (the Westin NY at Times Square was charging $776 tonight and I couldn't get in tomorrow night when I made the reservation 3 weeks ago -- so opted for the W Times Square instead).
I haven't seen things this busy in NYC since last fall -- anyone know what's going on?
I haven't seen things this busy in NYC since last fall -- anyone know what's going on?
Aug 4, 2009, 8:17 am
#2
Join Date: May 2009
Location: Italy
Programs: SPG Plat, AZ Club Ulisse
Posts: 61
It's probably the peak of tourist season.
I'm glad I booked Le Parker Meridien about a month ago. If I had to wait to the very last second, well, I would be paying about 30% more. Phew.
(Um, this also probably means no Plat upgrades on the horizon
)
I'm glad I booked Le Parker Meridien about a month ago. If I had to wait to the very last second, well, I would be paying about 30% more. Phew.
(Um, this also probably means no Plat upgrades on the horizon
)
Aug 4, 2009, 10:00 am
#3
Company Representative - Starwood
Join Date: Nov 2000
Location: Austin, Texas
Programs: Marriott Employee Level
Posts: 31,593
Isn't the United Nations in session at that time?
Best regards,
William R. Sanders
Online Guest Feedback Coordinator
Starwood Hotels & Resorts Worldwide
[email protected]
Best regards,
William R. Sanders
Online Guest Feedback Coordinator
Starwood Hotels & Resorts Worldwide
[email protected]
Aug 4, 2009, 10:04 am
#4
Join Date: Dec 2003
Location: YVR
Programs: Hilton*D, Marriott*LG, Hyatt*G
Posts: 6,268
I believe the UN General Assembly Opening Session, when all of NYC is fully booked, is in mid September-ish...... this year it is September 15.
Aug 4, 2009, 10:06 am
#5
Company Representative - Starwood
Join Date: Nov 2000
Location: Austin, Texas
Programs: Marriott Employee Level
Posts: 31,593
I honestly don't know about this week. I was just trying to float an idea/possibility.
Best regards,
William R. Sanders
Online Guest Feedback Coordinator
Starwood Hotels & Resorts Worldwide
[email protected]
Aug 4, 2009, 10:29 am
#6
Join Date: Apr 2003
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There were many ridiculously cheap rates offered for August up until about 2 weeks ago. The Four Points Times Square for $115, the Sheratons for $159, the W the Court for $179, Tuscany for $189. As many people don't have money to fly somewhere this year for vacation, some probably decided to drive or take the train and spend a few days in NYC. Up until recently, it paid to wait until the last minute to book as the rates kept sliding down. For the beginning of August in New York this has not been the case. Even meeting spaces at the Sheraton were fully booked.
Aug 4, 2009, 10:35 am
#7
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There were many ridiculously cheap rates offered for August up until about 2 weeks ago. The Four Points Times Square for $115, the Sheratons for $159, the W the Court for $179, Tuscany for $189. As many people don't have money to fly somewhere this year for vacation, some probably decided to drive or take the train and spend a few days in NYC. Up until recently, it paid to wait until the last minute to book as the rates kept sliding down. For the beginning of August in New York this has not been the case. Even meeting spaces at the Sheraton were fully booked.
Aug 4, 2009, 10:56 am
#8
Join Date: May 1999
Location: YEG
Posts: 1,578
with weak US Dollar, the US is getting cheaper and cheaper for the rest of the world. i can imagine millions of people from around the world decide to spend their summer vacations/holidays in the US. NYC is a popular tourist destination
i mean going on cheap vacation and where? in the US, is a dream for lots of people.
demand goes up, supply goes down , prices go up.
i mean going on cheap vacation and where? in the US, is a dream for lots of people.
demand goes up, supply goes down , prices go up.
Aug 4, 2009, 11:26 am
#9
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Join Date: Jan 2003
Posts: 8,720
with weak US Dollar, the US is getting cheaper and cheaper for the rest of the world. i can imagine millions of people from around the world decide to spend their summer vacations/holidays in the US. NYC is a popular tourist destination
i mean going on cheap vacation and where? in the US, is a dream for lots of people.
demand goes up, supply goes down , prices go up.
i mean going on cheap vacation and where? in the US, is a dream for lots of people.
demand goes up, supply goes down , prices go up.
Aug 4, 2009, 12:01 pm
#10
Join Date: Jun 2004
Location: Washington, D.C.
Programs: Starwood Platinum, United Premier Executive
Posts: 281
I still think high prices in NYC are about a business rebound, not tourism. All those domestic people who haven't traveled to the NYC office for a year are now willing to make the trip.
Aug 4, 2009, 12:06 pm
#11
Join Date: Jun 2005
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Except that the dollar isn't weak against the Euro or the Pound (it's actually very strong against the pound and stable against the Euro). The U.S. (and New York) is no longer the bargain basement tourist destination it was 18 months ago. While the dollar is weak against Asian currencies, that's not going to impact NYC as much as it will impact the West Coast.
I still think high prices in NYC are about a business rebound, not tourism. All those domestic people who haven't traveled to the NYC office for a year are now willing to make the trip.
I still think high prices in NYC are about a business rebound, not tourism. All those domestic people who haven't traveled to the NYC office for a year are now willing to make the trip.
The dollar hit it's lowest against the euro yesterday since the Bear Sterns collapse.
Aug 4, 2009, 12:48 pm
#12
FlyerTalk Evangelist
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Airlines can substitute larger aircraft and/or add extra flights from most points of origin to NYC, but a Westin can't roll in portable rooms from GE Capital nor put a thousand tents in Central Park. Reluctance to accept simple rules of supply & demand is impressive - not in a good way.
http://www.flyertalk.com/forum/starw...-mid-sept.html
Aug 4, 2009, 1:06 pm
#13
Join Date: May 1999
Location: YEG
Posts: 1,578
in 2001 $0.85 buys you one Euro ( Strong Dollar). in summer 2008 $1.6 buys you one Euro ( Weak dollar). today $1.44 buys you one Euro ( weak dollar). and still declining.
similar trend with the USD-GBP
The US dollar is weak. that is good for US economy (if inflation is controlled), it is bad for the rest of the world. the world believes the US government is behind weak US dollar, US official don't want to anger the world by coming out repeatedly saying they are in support of strong dollar
similar trend with the USD-GBP
The US dollar is weak. that is good for US economy (if inflation is controlled), it is bad for the rest of the world. the world believes the US government is behind weak US dollar, US official don't want to anger the world by coming out repeatedly saying they are in support of strong dollar
Aug 4, 2009, 4:25 pm
#14
Join Date: Jan 2005
Posts: 327
August weekends are still affordable with these two deals from Travelzoo.
W Hoboken $141
Four Points Manhattan Chelsea $150
W Hoboken $141
Four Points Manhattan Chelsea $150
Aug 4, 2009, 4:28 pm
#15
Join Date: Mar 2007
Posts: 3,990
Whatever the reason for the higher occupancy, it's great to hear!
Cheers,
Cheers,