Most Expensive New Year's Eve Destination: Cancun

Mexican Caribbean resort destination Cancun is the most expensive locale in the world in which to spend this New Year´s Eve, according to a survey from CheapHotels.org.

The survey specifically looked at 30 major destinations around the world and then established the rate for the cheapest available double room for each one. The timeframe used to compare them was December 30, 2015 to January 2, 2016 (three nights).

To ensure an apples-to-apples comparison, the survey considered only hotels with a central location, rated a minimum of three stars and possessing a positive overall average rating from past guests.

To stay in Cancun this year end into the New Year, visitors can expect to pay USD 311 nightly for the most affordable room. When compared to the amount they would have to spend in general during the month of January, that figure represents an increase of 274 percent.

Trailing in the survey´s number two spot by only a few dollars is Dubai. The United Arab Emirates´ largest city, Dubai ranks second most expensive worldwide with an overnight rate of USD 302 (176 percent more than usual).

Florida´s popular resort town of Miami Beach rounds out the Top 3 podium with a per-night rate of USD 286, an increase of almost 300 percent compared to regular rates.

In contrast, Moscow is surprisingly affordable. It ranks just 27th out of the 30 destinations considered. A rate of USD 55 for the least expensive room puts it low on the list. At the very bottom of the rankings are Bogota, Shanghai and Buenos Aires. There, travelers should be able to find a room for about USD 40 per night over New Year´s Eve.

The following table shows the 10 most expensive destinations in the world for New Year´s Eve 2015/2016. The rates indicated reflect the average nightly price for the cheapest available double room for the period spanning December 30 to January 2. Only hotels with a central location, rated at least three stars and having a positive average client rating have been considered.

1. Cancun USD 311 (+274 percent)
2. Dubai USD 302 (+176 percent)
3. Miami Beach USD 286 (+289 percent)
4. Los Angeles USD 272 (+76 percent)
5. Edinburgh USD 268 (+396 percent)
6. New Orleans USD 249 (+179 percent)
7. Honolulu USD 246 (+98 percent)
8. New York City USD 245 (+176 percent)
9. Punta Cana USD 239 (+97 percent)
10. Rio de Janeiro USD 232 (+295 percent)