New York hotel prices reaching record highs

Hotel prices set wallet-busting records in New York City in 2005 after a long, slow recovery from the 2001 terrorist attacks.

The average daily price of a room in the city hit $292 in November, according to the hospitality industry analysis firm PKF Consulting. Figures for December weren’t yet available, but the city is a lock to break its previous record yearlong average of $237 per night, set in 2000.

Prices were high in every corner of town, from the noisy motels jammed into industrial neighborhoods near Kennedy Airport to the palaces near Central Park.

If the cost of a room deterred some people from visiting, it didn’t show.

An estimated 22 million nights were sold at city hotels in 2005, according to city tourism officials, surpassing the 21.4 million last year and the 19.9 million in the year before the terrorist attacks.