by Lisa A. Grimaldi | April 17, 2018

When it comes to traveling for work, the Big Apple takes the biggest bite out of one's budget -an average of $875 per day - according to a list of the world's most expensive cities for business derived from the 2018 Daily Rates report by business-travel data firm ECA International. The report reviews the average global costs for hotel rooms, as well as meals, drinks, laundry, taxi transport and daily essentials. This information is used by companies to determine daily expense allowances for staff undertaking international business travel.
 

Following is a chart that shows the top 10 global destinations ranked as most expensive, compared to ECA's 2017 report.

 LOCATION 2018 RANKING2017 RANKING
New York City   
Geneva 
Zurich 
Luanda, Angola 
Bridgetown, Barbados 
Paris 10 
Nassau, Bahamas 
Washington D.C. 
Basel, Switzerland 12 
Monaco 10 16 


"The high demand for hotels in New York is reflected in the premium rate that rooms are currently charged at, averaging $560 per night at a 4-star hotel," said Simon Franklin, daily rates manager at ECA International. "The high cost of hotels and transport, as well as mandatory 15-20 percent tipping policies during meals out, contribute to the U.S. city being the most expensive in the world for business travel."