Latest News
HomeHospitalityUS Open finals weekend drives 16% spike in New York City hotel rates says SiteMinder
Hospitality

US Open finals weekend drives 16% spike in New York City hotel rates says SiteMinder

New York
New York (Photo: Bharath Ravula).

Hotel room rates in New York City increase 16% for US Open finals weekend, with average daily rates rising to $336, driven by heightened demand and extended booking periods, according to SiteMinder.

DALLAS, TX – Hotel rooms for the finals weekend of the US Open Tennis Championships have been snapped up for 16% more than the average banked by the hotels in New York City  this summer. This is according to new data from the world’s leading distribution and revenue platform SiteMinder, which analyzed bookings for the two-week-long tournament commencing at the end of August.

The average daily rate (ADR) in New York City for the championship’s finals weekend over 6-8 September has risen to $336. This is up from an average of $317 during the tournament period (26 August to 8 September), $290 across the summer, and $281 for the year-to-date.

SiteMinder’s data also shows that the booking window for the US Open tournament period has lengthened, from 113 days in 2023 to 123 days in 2024.

“In the always-dynamic US hotel market, the excitement surrounding the US Open has contributed to increased demand for hotels in New York City towards summer’s tail end,” says Trent Innes, SiteMinder’s Chief Growth Officer. “The tournament period is a unique time for the city, and with strong interest from sports travelers, hotels have an important role to play. By capitalizing on this peak period with tailored promotions and exceptional guest experiences, astute businesses can not only bump up their revenue, but attract and delight new fans by delivering an unforgettable stay.”

Nearly 1 million people are expected to visit Flushing Meadows this year for the US Open, where Novak Djokovic will aim to defend his title and claim a record 25th Grand Slam.

Vicky Karantzavelou
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

16/09/2024
13/09/2024
12/09/2024
11/09/2024
10/09/2024