New York City was the most expensive destination in the world for accommodation on New Year’s Eve, according to a survey compared hotel rates across 50 major cities globally

Prices, complied by CheapHotels.org, prices were recorded for the cheapest available double room for a three-night stay from Dec. 30 to Jan. 2, 2023. Only centrally located hotels rated at least three stars and with generally positive guest reviews were taken into account.

With a nightly rate of US$312 for the least expensive room, New York City emerged top of the rankings. Miami, another US destination, ranked second most expensive with a nightly rate of $297, while Sydney, Australia completed the podium with rates of just a couple of dollars less.

London, UK came out as the priciest European city with a rate of $275 per night, ranking 4th overall. Leading the list among Asian destinations was Tokyo, Japan where revellers were required to spend $232 per night.

Compared to New Year’s Eve 2021, when travel to certain destinations was still heavily affected by COVID-19 restrictions, Tokyo’s rates were more than 300% pricier in 2022 than the year before. Another destination that saw a significant rate increase was Marrakech in Morocco, where prices more than tripled compared to a 2021.

The table below shows the world’s 10 priciest destinations for accommodation on New Year’s Eve 2022. The prices shown reflect the nightly rate for the most affordable double room for the period Dec. 30 to Jan. 2.

1. New York City – US $312
2. Miami Beach – $297
3. Sydney – $295
4. London – $275
5. Nashville – $257
6. Edinburgh – $234
7. Tokyo – $232
8. Dubai – $230
9. Cancun – $217
10. Venice – $214

As for Canadian cities, Toronto ranked 14th ($195); Vancouver 18th ($165); and Montreal 26th ($140).

The cheapest place on the list of 50? Bogota, Colombia at $26.