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high rates new year's eve

New York
Level Contributor
184 posts
9 reviews
high rates new year's eve

Can someone explain to me why the rates for Venice and Santa Monica Beach hotels are ridiculous on NYE? Even the lowly Bayside Hotel shows crazy rates of over 300.00 for the 31st and some rooms as high as 600.00. Shirley, this can't be correct! The Cadillac Hotel has a similarly unbelievable rate of 566.00 for that night, for crying out loud. I've spend several NYE in Santa Monica and nothing really happens there, which is why I like it. What's all the fuss now?

Also, if anyone has any experience with the Cadillac, do tell! Reviews I have read are mixed. I'm familiar with the location, so that's not a problem, but I'm wondering if the renovation was really a big improvement, or if staying in the hostel might be better.

Fremont, California
Destination Expert
for San Francisco
Level Contributor
32,821 posts
6,430 reviews
11. Re: high rates new year's eve

This is the PEAK season for hotels in the LA area - there are 5 reasons:

1) Los Angeles area is a very popular place to go for the holidays.

2) There are millions of visitors that flood the area due to the Rose Bowl, Rose Parade, Disneyland, etc.

3) The weather is 70 degrees many holidays which causes the snow birds from the other states to come out in droves.

4) All the hotels know this - and raise their rates - and if you did not book 4 months ago, its harder and harder to find a place a place for a reasonable price.

5) New Years Eve premium in Los Angeles area is 2 to 3 times that of a normal night in a pricey area such as Santa Monica. Locals go to the hotel for the night for a night out and the hotels know it and their hotel prices and dinners are outrageously priced - but people pay, so they charge. Its simply a law of supply and demand.

Since you have a back up place to stay already - that's good. I've found that unless you book 3 to 4 months in advance for New Years you end up struggling iwth the 5. Happy New Year.

Manhattan Beach...
Destination Expert
for Los Angeles, Redondo Beach, Manhattan Beach, Hermosa Beach
Level Contributor
21,783 posts
3 reviews
12. Re: high rates new year's eve

Hotel Hermosa is not located on the Strand. We've stayed there a couple times, and the view of the bay, from PCH/Sepulveda Blvd. is really nice. I'd say it's just under a mile walk or ride down Gould Ave to the ocean. Good price though.

http://www.hotelhermosa.com/

New York
Level Contributor
184 posts
9 reviews
13. Re: high rates new year's eve

supply and demand. yup. I guess I was just lucky in years past so I never really noticed how high some prices could go.

thanks everyone for your help.

Nashville, Tennessee
Destination Expert
for Nashville
Level Contributor
5,378 posts
3 reviews
14. Re: high rates new year's eve

The prices is years past was probably directly related to the poor economy. The economy is showing sings of improvement and travel is on the rise, so are hotel prices.

15. Re: high rates new year's eve

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