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

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.

to see just buildings and people

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »