"We'll miss our friends and home in the Hamptons, but figured that by leaving, it opens up valuable tables at Nick and Toni's and the American Hotel, " jokes Mr. Sonnenfeld, referring to the East Hampton restaurant and Sag Harbor hotel, respectively.

WSJ: Large Yellowstone Club Montana Ranch Goes on the Market for $26.5 Million��WSJ Private Properties

For others, it means decamping to The Carlyle Hotel or East Hampton, where things seem a bit more posh, if not more practical.

FORBES: In Photos: Downtown New York City After Hurricane Sandy

Budget conscious travellers should seek out hotel chains such as Best Western, Country Inn, Hampton Inn or Holiday Inn Express that include extras like breakfast, parking and Internet in their nightly rates.

BBC: Deals to be found in May and beyond

Now, I have to admit that the breakfast selection at my Klosters hotel was superior to that of the choices offered here at the Hampton Inn in Laurel, Mississippi.

FORBES: Forget Davos. Try Mississippi.