York is the most expensive location in the world for business travel.
one of the findings of the latest Daily Rates research published by ECA
International, a leading provider of business travel costs for cities across the world.
York tops the rankings as the most expensive location for business travel due
to the high cost of hotels and travel, as well as mandatory 15-20% tipping
policies during meals out” says Simon Franklin, Daily Rates Manager at ECA
According to ECA, the full cost of a business trip to New York is USD 793 (about R9 856/R12,43/$)
per day, on average.
Updated annually, ECA’s Daily Rates reports provide average costs for hotel accommodation, which makes up the bulk of any daily allowance, as well as meals, drinks, laundry, taxi transport and daily essentials. This information is used by companies to determine daily expense allowances for staff who undertake business travel.
in the global rankings, and the most expensive European location for business
travel, is Geneva where the average business trip would cost USD 720 per day.
in Asia, the cost of business travel was much cheaper comparatively. Hong Kong
is the most expensive location for business travel in Asia but is only 29th
most expensive globally.
explained “Hong Kong has returned as the most expensive place in Asia to visit
on business, after overtaking Tokyo in the rankings. However, this change is
mostly due to the overall price of business travel in Japan decreasing over the
course of 2017. The cost of business travel in Hong Kong has remained
relatively unchanged from last year with the typical business trip now costing
USD 508 per day on average.”
Advice for local travellers
Oz Desai, Corporate Traveller South Africa GM sas, “When we travel for business,
our choice of destination has little to do with how expensive it is to visit
that city. Rather, we travel to cities where we have business interests even if
it costs a great deal to fly there, stay in a hotel and buy a meal.
bulk of the daily spend will usually be the cost of a hotel room, but other
business expenses like taxis, food and drink and even the cost of WiFi quickly
add up when you’re travelling for business.”
Travelling to one of these? Then you need to heed this advice:
New York (Number 1 at R10 375
prices in New York are subject to extreme fluctuations depending on the season
and whether there’s a large-scale event in town.
Plan your business travel so
that it takes place at off-peak times. Rule of thumb is that from mid-January
to mid-March is a good time to visit New York for business even though it’s
Also look for hotels uptown or downtown instead of staying midtown.
Public transport is excellent in New York so provided you’ve clustered your
meetings smartly you will have no issue getting down to business speedily.
2. Hong Kong (Number 1 in Asia @
R6 065 a day)
Kong is the most expensive location for business travellers, overtaking Tokyo
which drops to second in the rankings.
you want to eat cheap in Hong Kong, consider taking a foodie tour after hours
where you’ll be introduced to some of the lively local hotspots and indulge in
dim sum, noodle soups and barbecued meat.
If you don’t have time to go on a
foodie tour, take a trip to Hong Kong Island and find Dim Sum Square, or be
adventurous and visit one of the night markets which always serves up an array
of delectable street food.
3. Switzerland – Zurich and
Geneva (Number 1 and 2 in Europe @ R9 408 and R8 728)
and Zurich take the first and second places respectively of the most expensive
cities in Europe.
easy way to save money in Geneva is to grab a free transport pass when you
arrive at the airport. The pass is good for 80 minutes and covers trains,
busses and trams for Zone 10, which is pretty much anywhere in Geneva you’d
want to go. Throughout Geneva, there's free WiFi. Simply look out for a network
called "((o)) Ville de Geneve."
affordable eateries are difficult to find in Geneva, but don’t despair. Just
hop on the 12 tram to the end of the line and walk across the border to the
French town of Gaillard for some great restaurants.
Zurich, it’s a good idea to purchase a city card, which will offer free public
transportation as well as discounts or free admission to local attractions. If
you like to eat out, it might be worth considering the Easy Dining app. It
costs 95 francs (R1 210) per year but the app claims to cut your bill by half
with its discounts at restaurants across the canton.
4. Luanda, Angola(Number 1 in Africa)
Angola’s largest city, Luanda takes the No. 4 spot on the global list - in
part because of security factors. Travelling executives end up staying in
pricey tourist areas, rather than more competitively-priced business areas.
it’s tempting to explore the upper end restaurants on Ilha do Cabo, if budget
is a concern, rather head to Luanda’s central neighborhoods with their backyard
restaurants (quintais) where you’ll be able to eat fantastic local specialities
at a fraction of the price.