New York Is the World’s Most Costly City for Business Travel, Another Report Says

By business-news
Mar 26 2023

Once more New York City has been named the costliest area on the planet for business travel by counseling firm ECA Worldwide. The typical expense of a work excursion to NYC hopped 8% from the earlier year, with joyriders laying out roughly $796 each day.

“A post-pandemic flood popular for business travel and the travel industry to NYC has added to an expansion in convenience costs,” Lee Quane, ECA’s local chief for Asia, said in a proclamation.

ECA saw everyday costs in 457 areas across 196 nations, with each day rate covering a four-star lodging (the most well-known pick for excursions for work), dinners, clotng, taxi outings, beverages, and odds and ends.

New York’s positioning is precisely expected. The famously expensive city has the world’s most costly shopping region and the most worthwhile extravagance real estate market, all things considered. It’s not by any means the only U.S. however, city costing workers a bomb. Four of the 10 priciest objections for business travel are found Stateside: Washington, D.C., came in third ($658), San Francisco landed fifth ($609), and Los Angeles scored seventh ($584).

Concerning Europe, Switzerland is home to the Old Landmass’ two most costly business center points: Geneva, which came in second ($700), and Zurich, which positioned fourth ($641). London and Paris likewise made it into the main 10, with day to day costs of $583 and $557, separately.

In Asia, in the meantime, Hong Kong was the costliest objective, with the typical excursion for work to the city costing $520 each day. The monetary mecca Singapore limped along, with day to day expenses sitting at $515.

“Hong Kong has forever been one of the costliest Asian areas to visit on business, and remains so,” Quane adds.

ECA says that expansion in numerous areas has added to huge expansions in business travel costs. Likewise, the arrival of worldwide travel has pushed up inn rates across the globe.