Business Travel can be an exorbitant affair. And if you are a CEO or CFO, you will be already feeling the heat if your employees have to travel to any of the cites mentioned below – they are some of the most expensive cities for business travel–whether it’s getting that extra takeaway coffee to keep jet lag at bay or shelling out a few bucks extra for the hotel laundry. Here are some of the most expensive places to travel:
- New York, USA
- Geneva, Switzerland
- Zurich, Switzerland
- Luanda, Angola
- Bridgetown, Barbados
- Paris, France
- Nassau, Bahamas
- Washington DC, USA
- Basel, Switzerland
- Monaco (principality)
New York tops the list. Swiss cities crowd the list — Geneva, Zurich and Basel positioned at 2, 3, and 9 respectively – largely because of the country’s high-performing currency. The report by Management consultant ECA International takes in the average cost for meals, drinks, transport, four-star hotel accommodation, laundry, drinks and other travel essentials. Other factors include general demand. Also, the travel cost is high due to the increasing visitor numbers every year. London has had an unprecedented fall in the numbers due to the recent political changes since the Brexit vote.
Places with security issues are quite high because of the less number of hotels accompanied by high security demands. Travellers make a bee line to the hotels that offer extra levels of security. Luanda, Angola occupies the spot no. 4 due to security factor. Other cities can end up moving higher because tourism is given priority compared to business travel in these places; this means you can’t really find any specific business hotels there.
Travelling executives when they travel to these cities end up putting up in over-priced tourist areas than economical business accommodations. In New York, there is always a high demand for hotels and this impacts the way business travel is carried out, with rooms priced sky high plus high tipping policies. So what should be the strategy when heading to any of the cities for business travel anytime soon? Business travellers should do their homework and research well ahead of the travel. Learning about the average cost for accommodations and meals is imperative. Travellers should do a bit a research on where they can avail of cheaper costs in advance and stay off the pricey areas and obvious high streets of a particular city.
That is why a comprehensive travel management suite like Tripeur ensures you don’t have to do the search and chase competitively-priced hotels, as all travelling employees need to do is to comply with the travel policy integrated in the tool for selecting approved hotels and other service providers.