The latest research published by ECA International revealed world’s most expensive locations for business travel. Updated annually, ECA’s Daily Rates reports provide average costs for hotel accommodation, which makes up the bulk of any daily allowance, as well as meals, drinks, laundry, taxi transport and daily essentials.
This information is used by companies to determine daily expense allowances for staff who undertake business travel.
New York is the most expensive location in the world for business travel. This was one of the findings of the latest Daily Rates research published by ECA International, the world’s leading provider of knowledge, information and software for the management and assignment of employees around the world.
The full cost of a business trip to New York is USD 793 per day, on average.
Second in the global rankings, and the most expensive European location for business travel, is Geneva where the average business trip would cost USD 720 per day. Another Swiss city; Zurich ranked third in the global rankings.
“New York tops the rankings as the most expensive location for business travel due to the high cost of hotels and travel, as well as mandatory 15-20% tipping policies during meals out” said Simon Franklin, Daily Rates Manager at ECA International. “A high demand for hotels especially means rates can be charged at a premium and this is reflected in the average cost of a stay at a 4* hotel, which currently stands at a huge USD 509 per night.”
Franklin said “Swiss cities have always been expensive locations for business travel, and 2017 was no different as the Swiss Franc has continued to perform very strongly. On top of this, Switzerland has long been considered a major financial and banking hub and will remain so for the foreseeable future, meaning that business travel to Swiss locations will keep on being a necessity.”
Location | 2017 ranking | 2016 ranking |
|---|---|---|
New York, USA | 1 | 1 |
Geneva, Switzerland | 2 | 2 |
Zurich, Switzerland | 3 | 3 |
Luanda, Angola | 4 | 4 |
Bridgetown, Barbados | 5 | 5 |
Paris, France | 6 | 10 |
Nassau, Bahamas | 7 | 6 |
Washington DC, USA | 8 | 7 |
Basel, Switzerland | 9 | 12 |
Monaco | 10 | 16 |
