I'm driving up to New Orleans tomorrow and just checked Hotwire for hotel rates. I noticed last night they were coming down. You can book a 4.5 star French Quarter hotel for $92 per night, that's for Thursday and Friday night. Per my two-minute research at BetterBidding.com, that's likely the Hyatt French Quarter.
If it's not too late, it might be worth checking out this option, especially if you'd already reserved a room for $200+ per night.
If it's not too late, it might be worth checking out this option, especially if you'd already reserved a room for $200+ per night.