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11 May, 2013

US$823 a Night St Regis is New York City’s Most Expensive Hotel


NEW YORK- May 07, 2013-(BUSINESS WIRE)–The St. Regis Hotel has just earned the distinction of being the most expensive hotel in New York City. A new survey from NewYorkHotels.org has revealed this finding after comparing the hotel rates of all luxury hotels in NYC over the past 12 months.

The rate for a standard double room at each hotel served as the ranking’s basis. As a result, it represented the minimum amount a guest had to pay to stay at a certain establishment. An overnight stay at the St. Regis during the studied timeframe cost visitors, on average, $823 per night for the most affordable room. That figure is slightly more expensive than the Mandarin Oriental, which came in second on the survey. An average nightly rate of $814 put it ahead of the Four Seasons. This third most expensive hotel in the Big Apple averaged $765 per night.

It bears noting that the rates are averages and varied significantly over the one-year time period. As Danielle Carter from NewYorkHotels.org states: “A room at the St. Regis was available for under $600 in August, yet the same room cost more than $1000 in early December. On average, all the luxury hotels are least expensive during July, when they are close to 30% cheaper than they are in September.”

The following table shows the ten most expensive hotels in NYC. The rates listed reflect the average price for a standard double room at each hotel for the period spanning May 2012 to April 2013.

1. The St. Regis (2 East 55th St) $823

2. Mandarin Oriental (80 Columbus Circle at 60th Street ) $814

3. Four Seasons (57 E 57th Street ) $765

4. The Ritz-Carlton Central Park (50 Central Park South) $764

5. Trump International Hotel & Tower (1 Central Park West) $745

6. The Peninsula (700 Fifth Avenue at 55th Street) $744

7. Crosby Street Hotel (79 Crosby Street) $678

8. Hotel Plaza Athenee (37 E 64th Street) $646

9. The Setai Fifth Avenue (400 Fifth Avenue) $639

10. The Waldorf Towers (100 E 50th Street) $635

10. The Waldorf Towers (100 E 50th Street) $635

11. The Plaza (Fifth Avenue at Central Park South) $632

12. The Lowell (28 East 63rd Street) $613

13. The Pierre (2 E 61st St) $612

14. The Surrey (20 E 76th St) $587

15. The Carlyle (35 E 76th St) $583

16. The Chatwal (130 W 44th St) $579

17. The Sherry Netherland (781 5th Ave) $576

18. The Towers at The New York Palace (455 Madison Avenue ) $574

19. The Mark (Madison Ave at 77th Street) $563

20. The Pearl (233 West 49th Street ) $479

About the Methodology

For all luxury hotels in New York City, the average rate for the most affordable double room was calculated. The period spanning May 1, 2012 to April 30, 2013 reflects the calculation period. The rates were established for each Tuesday to Thursday and for each Friday to Sunday over the 12-month period, always about one month in advance. The rates were either taken from the respective hotels’ websites or drawn from the leading hotel-booking sites. In all cases, the lowest available price was used in tabulating the results. The rates shown do not include taxes, which amount to about 15%.