According to hotels.com Hotel Price Index --
New York City Hotel Rates
Drop 30 Percent in the First Half of 2009
Compared to the same period in 2008 New York City hotel rates dropped 30 percent tying them with Las Vegas as the greatest price fall among major U.S. cities. However, despite the drop in rates, New York still had the most expensive hotel prices in the U.S. and seventh most expensive globally.
"Hotel rates are at a historic low right now and it's the perfect time to take advantage of the great deals in New York City and around the northeast." said Steve Dumaine, senior director of merchandising for hotels.com.
Not only did New York hotels drop in price but it appears that the city is one of the most favored destination for U.S. and international travelers across the Northeast and Mid-Atlantic states. New York was second amongst American travelers and first among foreign travelers.
New York City held its spot as the most expensive domestic city for U.S. travelers, ranking seventh globally.
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