The Budget-Friendly Reason Why This Is The Best Time To Take A Vacation To New York

When someone mentions New York City, thrilling landmarks like the Empire State Building, Rockefeller Center, and Central Park typically come to mind. This bustling hub of culture, flavor, history, and entertainment beckons to adventurers from across the map, and the numbers back it up. New York City welcomed nearly 57 million visitors from around the globe in 2022, according to New York City Tourism and Conventions.

While the city appeals to travelers with good reason, it's not necessarily a vacation destination with a budget-friendly reputation. An economic overview by The City in November 2023 cited skyrocketing hotel room rates in New York City as part of a trend anticipated to continue into 2024. The report points to factors like the city's recent host registration law as a contributor to these increasing prices. The law, which is designed to remove illegal short-term rentals from the marketplace, has reduced Airbnb options throughout the city, forcing more travelers turning to hotels for accommodations.

Statista reported a significant increase in New York City hotel rates throughout 2023 as well. While the average overnight stay cost visitors around $261 in January 2023, that jumped to $504 per night by September. Yes, the increase is daunting, but the good news is there are discounts on the horizon. If your travel plans are bringing you to New York City at the beginning of 2024, you'll be right on time to reap the exciting savings benefits that come with the arrival of NYC Hotel Week.

Save significantly on exciting hotels across the city

2024 will mark NYC Hotel Week's third year providing visitors with exciting savings on hotels throughout the city. This event, with a focus on a budget-friendly New York City experience, is slated to run from January 3 through February 4, 2024. Organized by New York City Tourism and Conventions, NYC Hotel Week is designed to provide travelers with the very best rates of the year on some of the very best hotels across all five boroughs.

In 2023, NYC Hotel Week offered travelers 23% in savings on bookings at participating New York City hotels. There are slightly more savings to enjoy in 2024 with the guaranteed discount bumped up to 24%. This budget-friendly approach to your stay can be applied to bookings at any of the 150 hotels that are participating in the event in the upcoming year. Travelers will be delighted to know that their options have grown from the 140 hotels that took part in NYC Hotel Week in 2023.

No matter what neighborhood appeals to you most, there's a good chance you'll find an area hotel offering 24% off your stay during NYC Hotel Week. Some exciting hotels on the lineup for 2024 include the Luma Hotel Times Square, the Moxy NYC Downtown, and the Walker Hotel Greenwich Village. For stays outside of Manhattan, destinations like the Boro Hotel New York in Queens, the Opera House Hotel in the South Bronx, and the Moxy Williamsburg in Brooklyn are sure to inspire.

Expand your NYC travel budget in 2024

When you head to New York City during NYC Hotel Week, you can enjoy significant savings on accommodations. That said, there are even more discounts to look forward to if you plan your budget-friendly journey strategically at the start of the new year. That's because NYC Hotel Week overlaps with NYC Restaurant Week, which runs from January 16 through February 4, 2024. During this event, hundreds of participating New York City restaurants offer guests access to prix-fixe meals to savor in style. It's the perfect route to relish a variety of local flavors while making sure your travel budget stays in check. Menus are posted online as early as January 9 to help travelers plan out their tasty stops and make reservations as early as possible.

You can also pair your delicious dinner with a cost-friendly Broadway show in New York City between January 16 and February 4. This marks the annual NYC Broadway Week, where two tickets to your favorite shows are available to purchase for the price of one. Additionally, many city museums, tour companies, and performing arts venues have two-for-one deals going on during this timeframe as part of the annual NYC Must-See Week lineup. Just like NYC Restaurant Week, participating shows, venues, and museums will be available to browse online by January 9, 2024.