Which is the most
expensive city for
If you travel regularly to the Big Apple, then this may not come as a surprise, but New York has been ranked as the world’s most expensive city for business travel.
According to a new report by mobility firm ECA International, an average day in New York costs 11% more than the next most expensive city, Geneva.
Geneva wasn’t the only Swiss city to appear on the list though – four of the top 10 are in Switzerland, with Swiss hotels coming out as the most expensive in Europe. The research from ECA found that on average a four-star hotel in Geneva costs £292 per night - £41 per night more than hotels London.
The most expensive cities and their average daily cost were found to be:
- New York, £618
- Geneva, £553
- Zurich, £511
- Washington DC, £481
- Paris, £477
- Reykjavik, £476
- San Francisco, £448
- Basel, £447
- Los Angeles, £446
- Bern/London, £444
The figures add up the average cost of business travel accommodation, meals, drinks, laundry, taxi journeys and daily essentials.
“A big proportion of the cost of business travel to New York can be attributed to the high demand for hotels in the city - with a room costing £396 on average,” said Steven Kilfedder, Production Manager at ECA.
“These costs in combination with consistently high prices for transport and at many restaurants can make trips to the city extremely expensive,” he added.
While it did not appear in the overall top ten for the world, Hong Kong was ranked the most expensive business travel destination in Asia, with the average trip costing £398, including hotel costs of £221.
But what about when travelling for business in the UK? The numbers from ECA revealed the top five most expensive UK cities were:
- Central London, £444
- Edinburgh, £320
- Manchester, £282
- Glasgow, £258
- Cardiff, £254
Edinburgh showed the biggest year-on-year increase in the UK, up £13 on last year’s report, with high hotel costs the biggest factor.
“London business travel has weathered the Brexit uncertainty thus far and it remains one of the busiest business hubs in the world. In part this is because demand has been boosted by the fall in the value of the pound after the Brexit vote in 2016, making the UK more affordable for international visitors,” concluded Kilfedder.
If you regularly travel for business to any of these cities, speak to one of our Travel Experts to find out how Flight Centre Business Travel could help you reduce costs and save overall on your companies travel programme. Contact us today online or call 0208 131 4219.