NYC: costliest city for business trips – Robb Report.

New York City: The Most Expensive Destination for Business Travel

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It’s no secret that New York City is an expensive destination for both leisure and business travel. According to consulting firm ECA International, it has been named the most expensive location in the world for business travel, with travelers shelling out around $796 per day. The average cost of a work trip to the Big Apple has increased by 8% from the previous year, due to a post-pandemic surge in demand for business travel and tourism. The rising accommodation costs have contributed to the increase, as stated by Lee Quane, ECA’s Regional Director for Asia, in a statement.

Top 10 Most Expensive Cities for Business Travel

ECA International analyzed the daily expenses across 457 locations in 196 countries, including the cost of a four-star hotel room, meals, laundry, taxi trips, drinks, and incidentals. The following destinations made it to the top 10 list of the most expensive cities for business travel:

1. New York City, USA ($796)
2. Geneva, Switzerland ($700)
3. Washington, D.C., USA ($658)
4. Zurich, Switzerland ($641)
5. San Francisco, USA ($609)
6. Boston, USA ($591)
7. Los Angeles, USA ($584)
8. Tokyo, Japan ($583)
9. London, UK ($583)
10. Paris, France ($557)

It’s worth noting that four of the top 10 priciest destinations for business travel are located in the United States. In Europe, aside from Switzerland, London and Paris also made it to the list. While in Asia, Hong Kong and Singapore ranked as the top two most expensive destinations, respectively.

The Factors That Contributed to the Increase in CostsSource