Not everyone gets spikes during holidays--for example Amazon and other retailers get super busy at Christmas, but it's the slowest time of the year for a lot of web apps.
That said, the last two Decembers we have had trouble instantiating new instances (in US-east-1a, their default and hence most popular location) in December. We solved the problem just by switching to US-east-1b for some tasks.
"In order to prevent an overloading of a single availability zone when everybody tries to run their instances in us-east-1a, Amazon has added a layer of indirection so that each account’s availability zones can map to different physical data center equivalents."