Why would a hotel room shoot up in price at the start of the year?

Upvote:3

Without contacting the hotel directly you won't know.

Two possibly scenarios to explain your observations:

There are no ordinary rooms available and the best rate the booking calendar can display is the rate for an expensive suite.
(The lack of available ordinary rooms in the booking system may or not reflect actual reservations though.)
An erroneous rate has been published in the booking system.
It may not be unreasonable to assume that room prices could have been inflated due to a New Years event on December 31^st. It is also likely that the reservation management systems used by a hotel take the last prices entered as the default template for subsequent periods.
It can be that the management only entered pricing details until the end of the year and a feature (or bug) in the booking system simply extrapolated and set the 31/12 price as the default for all subsequent nights in the new year.
Similarly a person could have erroneously accepted the prices suggested by such a template.

HBruijn 1295

Source: stackoverflow.com