SAN FRANCISCO, Dec. 28, 2012 /PRNewswire/ -- Last-minute New Year's Eve revelers will be happy to learn that there are still plenty of hotel rooms available in San Francisco on December 31. The caveat is that eleventh-hour prices are significantly more expensive than usual, according to a new survey from SanFranciscoHotels.net.

At the moment, about 20% of San Francisco hotels are posting vacancies for New Year's Eve, the survey reveals. However, overall they have increased their rates by an average of 125% compared to regular prices. But some establishments have elevated their cost a whole lot more.

One such accommodation is the Nob Hill Hotel. Situated five blocks from the popular Union Square, this hotel regularly charges $225 for a room with two double beds. On New Year's Eve, however, guests can expect to pay $1065, or 373% more. The Inn on Broadway is listing even higher price increases for December 31. This hotel near the Marina District typically goes for $89 for an overnight stay in a Deluxe King room. Come New Year's Eve, that price will rise to $449, equating to a 404% rate hike.

Even the cheapest available 3-star hotel will put a dent in out-of-towners' wallets. Indeed, travelers will currently have to pay $229 for a single night. That figure is more than twice the usual going rate. Budget travelers who want to stay in the heart of San Francisco will currently find the cheapest available 2-star hotel room in the Cultural District. There they'll pay around $150 for the night. To break the $100 mark, they'll have to search around the SFO airport, where rooms can be still be scored for around $70 on December 31.

Check the full results of the online survey at http://www.sanfranciscohotels.net/press/new-years-eve-2012.html

Press Contact: Diane Muller, press@sanfranciscohotels.net

SOURCE SanFranciscoHotels.net