New York remains the most expensive business trip destination in the world in 2022, as a post-pandemic surge in business travel and tourism increased the cost by 8% from the previous year. The city cost business travellers $796 per day, says the consulting firm ECA International, which considered four-star hotels, meals, taxis, drinks and incidentals as part of its survey.
The US dominated the overall ranking of the most expensive cities for business travel globally, with Washington DC and San Francisco both making the top five. Switzerland is home to the two most expensive business hubs of Europe: Geneva, which came in second ($700), and Zurich, which ranked fourth ($641). London and Paris also made it into the top 10, with daily expenses of $583 and $557, respectively.
Rising inflation rates were a major factor in the increase in travel costs, while a pandemic-led drop in demand led to more affordable rates in places like China. Hong Kong was the most expensive destination in Asia, with average daily costs of $520 — only $5 more than financial hub rival Singapore. London and Paris retained their top ten positions and Angola’s Luanda was the priciest place in Africa.
