WASHINGTON - It is one of those occasions that is quintessential Washington: the inauguration of a president, a multi-day festival of patriotism, politics, optimism and self-congratulation.
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U.S. President Barack Obama speaks about the fiscal cliff at the White House in Washington December 21, 2012.
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All of that will be on display on January 21, when President Barack Obama is publicly sworn in for his second four-year term. But this inauguration will be far less grand than Obama's first in 2009, when a record 1.8 million visitors flooded the city to see the nation's first black president take office.
This time the celebration is likely to attract no more than 800,000 or so guests, city officials estimate. As a result, some luxury hotel rooms and coveted tables at high-end restaurants are still available, less than a month before the inauguration.
The swanky Mandarin Oriental Hotel, with its sweeping views of the National Mall, initially required inauguration guests to make reservations for four nights. Now it has relaxed that requirement to three nights to try to fill its rooms.
But the "inauguration markup" still applies: The Mandarin's least expensive room, normally available for $295 a night, starts at $1,195 a night during the long inauguration weekend.
Even so, the demand for hotel and restaurant reservations for this inauguration pales compared with the rush that followed Obama's first election.
Back then, the scramble for accommodation was so desperate that homeowners and renters in Washington and its Maryland and Virginia suburbs leased their homes for the inauguration, creating a vast secondary market in housing that week.
Hundreds of those homeowners - including former Tennessee senator and actor and Fred Thompson, who offered to rent out his condominium for five days for $30,000 - sought to profit from the festivities and leave town to avoid the crowds.
Today the website Craigslist shows only a few dozen ads offering housing for the inauguration.
"They swarmed to the market last time," said real estate agent Hill Slowinski, who deals in luxury properties. "We are not seeing the same level of interest" this year.
The story is similar at the Palm restaurant, which offers a $54 rib-eye steak and is a favorite of Democratic power brokers. Some tables are still free for Sunday night, January 20, the evening before the ceremony.
Looking over the reservations for that night, Tommy Jacomo, who has run the restaurant for four decades, said: "It's mediocre. Nothing out of the ordinary."
Jacomo said that for many of Obama's supporters, the 2009 inaugural celebration was a history-making one that can't be topped.
"The second time, it's always not that big," he said.
That has been the case in recent second-term inaugurations, particularly Republican Ronald Reagan's in 1985. Thanks to brutally cold weather, that became a mostly-indoor affair in which Reagan took the oath of office and delivered his inaugural address in the U.S. Capitol Rotunda rather than outside the Capitol.
For Obama's second inauguration, the thrill might be lessened further by the fact that he will take the official oath of office from Chief Justice John Roberts in a closed ceremony the day before the public festivities - on January 20, as required by law.