The Big Apple received an average of $796 a day from business travelers, according to consulting firm ECA International, which included four-star hotel rates, food, taxis, drinks and incidentals as part of his study.
The United States dominates the overall ranking: Washington and San Francisco are in the top five of the most expensive cities in this regard, it also includes the Swiss Geneva and Zurich, notes Bloomberg .
Rising inflation rates have been a major driver of rising travel costs, while lower demand due to the pandemic has led to more affordable prices in countries like China. Hong Kong was Asia’s most expensive destination with an average daily spend of $520, only $5 more than Singapore, the financial hub. London and Paris retained their places in the top ten, while Angola’s Luanda became the most expensive place in Africa.
