NYE 2018: Vacation let or hotel? A city by City Analysis

Already looking brazen celebrating a attainment of 2018 during a fanciful destination, though cheerless with champagne ambience and a drink budget? Turns out, we can still applaud a new year during a smart hotspot – we usually need to know that accommodation form to book: a vacation let or hotel?

Hipmunk analyzed a chronological hotel and vacation let bookings for New Year’s Eve and found that engagement a vacation rental, instead of a hotel, saved NYE revelers an normal of 23 percent. That’s notwithstanding a fact that vacation rentals see a aloft cost spike than do hotels during a holiday (a 70 percent increase, compared to a 56 percent boost that hotels see). 

Some pivotal findings:

  • NYE revelers save an normal of 23 percent by engagement a vacation let instead of a hotel 
  • This is notwithstanding a fact that vacation rentals see a aloft cost spike than do hotels during a holiday (a 70 percent increase, compared to a 56 percent boost that hotels see).
  • Boston, that ranks as a no. 13 many renouned destination, is a usually city in a tip 20 where a vacation let ($296)  is some-more costly than a hotel ($207).
  • Ski meccas like Park City, UT;  Stowe, VA; or California’s Mammoth Lakes and Big Bear, also have high per-night vacation rentals, creation it some-more careful to book a hotel.
  • Booking a two-room vacation let contra dual hotel bedrooms earnings an normal assets of 27 percent.
  • 36 percent book accommodations occur a week of New Year’s Eve

Here’s how that assets translated into a many renouned NYE locations:

Which cities sire a trend?
It is critical to note that there are a few exceptions when it comes removing a best understanding on a place to stay for New Year’s Eve. Boston, that ranks as a no. 13 many renouned destination, is a usually city in a tip 20 where a vacation let ($296) is some-more costly than a hotel ($207). Ski meccas like Park City, UT;  Stowe, VA; or California’s Mammoth Lakes and Big Bear, also have high per-night vacation rentals, creation it some-more careful to book a hotel.

Here is a full list of a cities where it’s cheaper to book a hotel for New Year’s:

What if we am going with friends?
A one-room hotel or vacation let is good for one or dual people, though what happens when you’re merrymaking in a group? Is it cheaper to book dual hotel bedrooms or a two-room vacation rental?

We did a math and engagement a two-room vacation let contra dual hotel bedrooms earnings an normal assets of 27 percent.

Of course, in some oppulance locales, like Cancun or Tulum, Mexico, or those aforementioned ski meccas, you’re substantially improved off usually adhering with a hotel. In Stowe, VT, a two-room vacation let cost a whopping $1,214 average!

Here’s how a pricing during a many renouned cities for two-room bookings compares to their one-room counterparts:

More NYE Vacation Rental or Hotel Facts:

  • 82 percent of all bookings are for 4 or fewer days
  • A whopping 43 percent of bookings are for usually one night
  • 93 percent of all NYE accommodation bookings are for one room
  • 36 percent book accommodations occur a week of New Year’s Eve
  • The normal NYE 1-Room Hotel Price is $219
  • The normal NYE 1-Room VR Price is $169

Methodology: Hipmunk analyzed a chronological one- and two-room vacation let and hotel bookings from Jan 1, 2016 – Dec 31, 2016, with a check-in date of Dec 28 – Dec 31, 2016, to establish most-booked and a normal cost of any accommodation type. 

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Posted by on Nov 21 2017. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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