Hong Kong retains title as Asia’s most expensive city for business travellers for second year, as inflation drives up costs

  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 99%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The average business trip to the city last year cost US$520 (S$695) per day.

Hong Kong has taken the top spot as the most expensive destination in Asia for business travellers for the second year in a row, as inflation pushes up costs as the city emerges from pandemic restrictions, a survey has found.

The overall daily cost of visiting Singapore was slightly cheaper at US$515. But it overtook Tokyo, at US$424 per day, as the second most expensive city in Asia. Shanghai and Seoul rounded out the top five. The firm said Hong Kong remained the most expensive city in the region despite depressed business travel, amid restrictions and social-distancing measures.

Winnie Chan Wun-yin, association manager at the Federation of Hong Kong Hotel Owners, said the high cost of business travel was due to room rates, meals and transport. She said operating costs had also increased, pointing to electricity charges, which had risen by between 5.5 per cent and 6.4 per cent.

Authorities implemented the city’s most stringent anti-epidemic measures, including a 21-day mandatory hotel quarantine, in December 2021.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 1. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

to see just buildings and people

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hong Kong Monetary Authority says Credit Suisse business in city open as usualHONG KONG :Hong Kong's Monetary Authority and the city's Securities and Futures Commission (SFC) said on Monday that Credit Suisse's operations in the financial hub would be open for business as normal with customers able to access their deposits.The announcement came after the Swiss National Bank announced o
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »