D.C. Lodging Costs Rise More Than 900 Percent Before Inauguration

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend.

Ryan Rodrick Beiler / Shutterstock.com

The nation’s capital was bracing for a massive influx of visitors this week ahead of the Jan. 20 presidential inauguration, leading some Washington, D.C., hoteliers to hike their lodging rates to jaw-dropping heights.

According to MarketWatch, hotel room prices in D.C. are 927 percent higher than usual for inauguration week. A standard double room — which typically runs about $200 a night in January — is going for a whopping $2,071 per night.

High rollers also have the option of selecting a $75,000 four-night inauguration package at the Marriott Marquis Washington, D.C., NBC News reports.

Although Washington, D.C., is used to dealing with a surge in lodging demand during inauguration week, this year is different. More than 200,000 people are expected to participate the day after the inauguration in the “Women’s March on Washington,” an effort to “promote women’s equality and defend other marginalized groups,” The Washington Post reports.

According to a new report from Airbnb, the number of people who have booked housing between Jan. 20 and Jan. 22 far exceeds the company’s initial estimates of 10,000 guests. Airbnb says:

Today, more than 15,100 guest arrivals are booked for this three-day period, with 13,000-plus guests booked for the evening of January 20, 2017 — representing the biggest night ever for Airbnb arrivals in the District of Columbia.

When President Barack Obama took the oath of office in 2009, hotels in the Washington, D.C., area had an occupancy rate of 96.8 percent, says MarketWatch. Numbers for Trump’s inauguration aren’t yet available.

What do you think of the price tag for lodging accommodations in Washington, D.C.? Share your thoughts below or on Facebook.

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.