5 most expensive cities in the world
Grab your credit card – you’ll need the extra funds if you want to visit these pricey cities.
1. Geneva, Switzerland
Get ready to pay at least $250 per night for a hotel and an incredible $33 for a club sandwich. Switzerland has a well-deserved reputation for being super expensive. Economists put the hefty price tags down to the fact that Switzerland pays some of the highest salaries in the world, meaning its citizens have heightened buying power.
You’ll pay a premium for everything including transport, food, alcohol, shopping and even tasty Swiss chocolates.
2. Oslo, Norway
All of Scandinavia is known to be highly expensive, but the Norwegian capital takes the cake. In fact it’s held the top spot in the global UBS Prices and Earnings report on the world’s most expensive cities for the past decade.
One night in Oslo will cost you an average of $561 for accommodation, cocktails, dinner for two with wine and a taxi. Even a bottle of water can cost up to $8, so it would be sensible to bring a refillable bottle of your own.
3. Singapore
The 2016 Worldwide Cost of Living Index ranked Singapore as the most expensive city in the world to live in and it’s not cheap for travellers either. You can still find some reasonably priced hotels and cheap street stalls for food, but overall prices are skyrocketing.
Part of what makes Singapore so expensive is that its economy is booming while many others (like Australia, the US and Europe) are on the decline. It’s a trend that’s expected to continue, so Singapore won’t be appearing on the list of great value destinations anytime soon.
4. Dubai, UAE
A five-night holiday for two in Dubai will set you back almost $4,700, making it the world’s most expensive destination for tourists according to Hoppa, an airport transfer booking service. It also has the most expensive hotel rooms in the world, with an average price per night of more than $360.
The city is known for its flashy hotels, huge shopping malls and high-end restaurants, built largely on the back of the country’s huge oil wealth.
5. New York, US
The Big Apple is easily the most expensive tourist destination in the USA and has been made even more so in recent months by a weak Australian dollar. A night out in the city that never sleeps will cost around $430 for accommodation, a meal, taxi fares and wine for two.
Surveys have found that the average cost of a meal in New York is the most expensive of any major city in the US. The city is also known for its ‘tourist traps’, attractions that suck in naïve visitors but don’t offer value for money.
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