9 Luxury Hotels in Manhattan Offer Third Night Free

Hoteliers are cutting prices to maintain occupancy.

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It's rare to see discounts or special promotions offered by luxury hotels in New York City. "Hotels in the Americas in particular have been feeling the effects of the wider global downturn for the past six to nine months, and we have seen extensive price cutting already," said David Roche, president of Hotels.com. "U.S. hoteliers may have to cut prices further to maintain occupancy in the months to come."

This is fortuitous news for you, because nine luxury hotels in New York City are offering a third night's stay free if you book and pay for two consecutive nights between January 9 and February 27. It's part of a promotion with the city's marketing, tourism, and partnership organization. The luxury hotels participating in this program are Jumeirah Essex House, Loews Regency, the London NYC, the Sherry-Netherland Hotel, Trump International Hotel & Tower, Waldorf Towers, the Plaza Hotel, the New York Palace, and the Carlyle, a Rosewood Hotel.

The average price for hotel rooms worldwide fell over the summer, according to the Hotels.com hotel price index. This is the first year-over-year decline in prices measured in any quarter since the HPI began in 2004. The decline in prices globally was driven by falls in room prices across North America, including New York hotels and Las Vegas hotels (where prices fell by 5 percent), Latin America (where prices were down 1 percent), and the Caribbean (prices down 4 percent), states the Hotels.com report. Prices in Asia remained flat.