How much higher are hotel prices this year due to Jubilee?

I’m not sure what prices you’re seeing, but for reference I can tell you that in October 2022, I paid an average of $137/night in Florence (Hotel Maxim Axial) and average of $160/night in Rome (Hotel Basilio 55).
I’m sure Jubilee is a factor in this year’s prices, but it’s hard to tell if they’ll be much lower in 2026.

hey hey gparvin
prices may be a factor, people usually reserve a year in advance. your plan of late september/early october is high season. it's harvest season with many fairs/festivals and the cities you want to go to are the top three with so many more people traveling to europe all year long. not like it use to be. don't know what your budget is and where you are looking at prices, but prices everywhere have gone up. look in your own backyard.
everyone wants to go to the same places you want, which goes into overload. look at all the posts for italy are going to the same places be it, tuscany, amalfi coast, pompeii, cinque terre, lake como, dolomites, leaning tower of pisa along with many cruises with thousands on each ship. looking for budget/"reasonable" prices even though residents are dealing with expenses and are passing it on to you, we all are trying to survive.
i can remember when i first started asking question in 2008, no on wanted to go to naples or milan. now many posters ask about it. we went to naples from rome years ago, wanted to ride a "fast train". we laughed so much, one of our best times with my best friend. sure it was gritty, garbage strike, crazy people on mopeds. more to naples than that, would go again in a minute. don't know or understand milan but many are finding cheaper flights there nowdays. visit smaller cities and towns for cheaper hotels and take day trips.
can't wave a magic wand for next year, no one knows. if you are planning for next year, book early if you see what suits your fancy. don't want to seem harsh but that's how travel is nowdays. even airlines know all this and of course they charge more. people want to use miles/points and that has gotten crazy with charging more points/miles for traveling, many want first/business class with that being another story. keep asking more question, people on this board are here to help and give you advice no matter good bad and ugly.
aloha

I'd book now, or very soon, especially if you are looking in the budget category.
Even if prices are a bit higher due to the festivities, they go up every year so 2026 might have "regular" pricing the same or even higher than this year. No one can tell you that.

You are considering a very typical itinerary for a first-time tourist in italy. If you have limited time, you might skip the CT, especially in October when you might get rain...possible any time but more likely in October.

I hope you are planning at least 4-5 days in Rome and in Florence...

I've planned three trips to Italy since early 2023, plus a stop in Rome on the tail end of a larger trip. Here is what we paid. I don't think our 2025 trip is significantly more expensive than the earlier ones. It's a bit hard to compare since our needs are a little different each trip, but maybe this will help. We stay in very centrally located apartments/hotels that are not luxury, but are nice, clean, well appointed. Apartments have kitchens and usually a washer.

In March/April 2023, below was the cost per night for my family of five adults to stay in apartments with three separate bedrooms:
Bologna $316
Florence 349 euros
Positano 411 euros
Rome 527 euros
After the family left, my husband and I stayed in hotel rooms:
Naples 182 euros (Hotel Bellini, in their lowest level room I think)
Rome 232 euros (Hotel Smeraldo, fwiw, we were there in Dec 2024 and paid $100 per night more but we were in a Superior room)
In November 2023, my husband and I stayed in one bedroom apartments except in Florence.
Bologna $298 per night
Florence two bedroom apartment (with a view of the Duomo) 179 euros per night
Milan 236 euros per night
We are going back in November, four adults so at least two bedroom apartment with three beds, price per night:
Venice 283 euros
Florence $253
Salerno $199
Naples 312 euros
Rome 397 euros
Is this consistent with the pricing you're seeing? I'm always curious what other people think is "budget" vs. "staggeringly high."

Thank you EVERYONE for taking the time to reply to my post and giving me your perspective. It helps and I really appreciate it.

gparvin: we are staying at Hotel Smeraldo in August for 3 nights. I booked our room in July 2024. My locked in price (cancellation 1 day before) is 567.00 Euro. I just checked for the same dates and room and it's 804.00 Euro. I had read where the Julbilee was going cause hotels and etc. to increase. That is why I booked so early.