According to Bloomberg’s 2014 World Hotel Index, an average room in Geneva will cost you five times that of the Hanoi equivalent, while a five-star stay in Warsaw will set you back a quarter of one in Milan. Here, we take a look at the 10 most expensive hotel cities in the world, based on an average price for two adults in a double occupancy room, across all star ratings (values given in US $, per night).
1. Geneva, Switzerland
Average hotel room price: $308
Five-star average: $614
GDP world ranking: 7
As home of the world’s most expensive hotel suite, it’s quite apt that Geneva tops our list. Undoubtedly, the Royal Penthouse Suite at Hotel President Wilson, which costs approximately US $83,200 per night, has impacted heavily on the city’s average five-star price, which outstrips second place Los Angeles by almost $150 per night. The result comes as no surprise when you consider that Geneva is ranked the third most expensive place to live in the world, while Switzerland boasts the fourth highest average salary globally.
2. Dubai, United Arab Emirates
Average hotel room price: $273
Five-star average: $304
GDP world ranking: 32
Boasting everything from the priciest fleet of police supercars to the world’s most expensive cocktail, the tax-free emirate of Dubai has a long-held reputation for lavish, luxury living. As such, the city ranks second in hotel room price per night, with its incredible array of five-star resorts keeping the average nice and high. Overall, the city displays the narrowest margin between average and five-star prices, aptly reflecting the emirate’s high-end reputation.
3. Kuwait City, Kuwait
Average hotel room price: $253
Five-star average: Undisclosed
GDP world ranking: 17
Over the last several decades, Kuwait has forged a reputation as a bustling business hub, attracting corporate travellers from across the globe to its arid, oil-rich shores. With an average hotel room weighing in at $253 per night, the Arabic country has narrowly beaten Zurich to number three, while its five-star average remains undisclosed.
4. Zurich, Switzerland
Average hotel room price: $250
Five-star average: Undisclosed
GDP world ranking: 7
Switzerland’s second entry in the top 10 is the picturesque city of Zurich. Consistently ranked in the top five for ‘best quality of life’, the historic, lakeside municipality is also the fourth most expensive place to live in the world, in part thanks to its position as a leading global financial hub. When it comes to visitors, the city’s abundant cultural attractions and vibrant nightlife have kept people spending.
5. Miami, United State
Average hotel room price: $245
Five-star average: Undisclosed
GDP world ranking: 6
Located on the pristine coast of sunny Florida, Miami has attracted affluent holidaymakers in their droves for more than a century, building a reputation for fine dining, glitzy parties and pricey hotels. With its downtown area housing the highest concentration of international banks in the US, there’s no shortage of money in the cruise capital of the world – something reflected in its high hotel prices.
6. Hong Kong, China
Average hotel room price: $242
Five-star average: $418
GDP world ranking: N/A
In a city where average rent can set you back upwards of US $4,780 per month, it’s no surprise that Hong Kong ranks highly on our list. The city-state may boast some of the most incredible views from its hotels, but you’ll pay for the privilege. With an average five-star stay costing around $418 per night, the city lays claim to the sixth most expensive average hotel stay in the world.
7. Edinburgh, Scotland
Average hotel room price: $241
Five-star average: $342
GDP world ranking: 21
As Scotland’s historic capital kicks off the three-week Edinburgh Festival Fringe this month, the world-famous culture and arts event will undoubtedly see hotel prices skyrocket. This, alongside the city’s famous Hogmanay New Year celebration, undoubtedly contributes to the city’s position as seventh most expensive; but it also ensures tourist come back year after year.
8. London, United Kingdom
Average hotel room price: $235
Five-star average: $349
GDP world ranking: 21
Widely regarded as the world’s most expensive city, thanks to its astronomical transport costs and high rent, London is aptly ranked number eight on our list of the world’s most expensive hotel stays. With household hospitality brands ranging from The Savoy to The Ritz making the English capital their home, there is no shortage of iconic – and pricey – hotels available throughout the sprawling city.
9. Singapore, Singapore
Average hotel room price: $235
Five-star average: $338
GDP world ranking: 3
With the third highest per-capita income in the world, and a strong reputation for medical and cultural tourism, Singapore has quickly become a go-to destination for corporate and leisure travellers alike. With the average hotel room costing US $338 per night, Singapore is on par with London, while its five-star average falls just short of the English capitals, at $338.
10. New York, United States
Average hotel room price: $233
Five-star average: $366
GDP world ranking: 6
After the Las Vegas strip, New York City’s Times Square is the most visited tourist attraction in the world, with around 39.2 million annual visitors. In a city as popular as the Big Apple, it’s no surprise that hotel prices are soaring. Despite a host of lower quality hotels driving the price down, the city’s plethora of iconic, five-star resorts – and abundance of affluent visitors willing to pay top dollar – has kept the average price high, especially when it comes to luxury resorts.