World's Priciest Hotels

The average price for a San Francisco hotel room has jumped 88 percent in the past year to $397 a night, according to an index compiled by Bloomberg of the world’s top 100 financial centers. The city ranks ahead of Geneva, where rooms set travelers back $292 a night, and Milan, at $271. Chicago, with rates at $240, ties Miami as the second-costliest U.S. cities.

 Geneva's Hotel President Wilson

Photo by Cynthia Dial

Among U.S. cities where hotel costs have fallen, New York had the biggest decrease, with a 13 percent decline to an average room rate of $202. In Europe, Paris hotels were among the biggest losers, with a 37 percent drop to $146.

Nightly prices in Budapest fell by more than half, the greatest decline worldwide, to $85. Globally, the cheapest market is Hanoi, Vietnam, where rooms average $62 a night.

From most to lesser expensive, here are the world’s top 25 cities based on hotel costs:

1. San Francisco, US
2. Geneva, Switzerland
3. Milan, Italy
4. Dubai, UAE
5. Zurich, Switzerland
6. Tel Aviv, Israel
7. Chicago, US
8. Miami, US
9. Los Angeles, US
10. Hong Kong, China
11. London, UK
12. Doha, Qatar
13. Edinburgh, Scotland
14. Jerusalem, Israel
15. Rio de Janeiro, Brazil
16. New York, US
17. Riyadh, Saudi Arabia
18. Tokyo, Japan
19. Abu Dhabi, UAE
20. Sydney, Australia
21. Singapore, Singapore
22. Kuwait City, Kuwait
23. Toronto, Canada
24. Lagos, Nigeria
25. Osaka, Japan

Source: Expedia

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