By Terry Trucco
In fact, they’re third highest in the world – just behind Moscow (priciest for the ninth year) and Lagos. So says the newly released hotel survey from Hogg Robinson Group (HRG), which compared rates for 55 international cities. The New York average is $341.59 a night, up 4 percent from 2011. That uptick reflects confidence in the financial sector, a good thing until you have to swipe your credit card.
Rounding out the international Top Ten were Hong Kong, Zurich, Geneva, Rio de Janeiro, Paris, Sydney and Stockholm. San Francisco, with the second highest hotel rates in the U.S., came in at 11.
Bargain hunters should consider vacationing in Edinburgh, Belfast or Hyderabad, which posted the lowest hotel rates in the group. (more…)