In a recent research compiled by international mobility experts ECA International (ECA) Geneva is the most expensive locale in Europe for corporate tourists. ECA represents a group of global mobility experts.
On average, total cost of a standard business tour to Geneva is GBP 554 per day as compared to GBP 448 in London.
Simon Franklin, Daily Rates Manager at ECA International mentioned that Swiss cities again dominate the most expensive areas for corporate trips in Europe with as many as five different locations in the top ten.
Updated annually, ECA’s Daily Rates report reviews the average costs for hotel accommodation that comprises bulk of any daily allowance – as well as meals, drinks, laundry, taxi transport and daily essentials. This information is utilized by companies to determine daily expense allowances for staff undertaking international business travel.
London meanwhile has witnessed a decline in the rankings, as have all the UK locations included in the list.
The UK capital has dropped out of the top ten most expensive locations in the world in terms of business travel, surpassed by places like Monaco, Basel and Paris this year. London is now also in sixth place in Europe, down from third the year before.
Franklin said that whilst the price of business travel to London has remained relatively static over the past few years, the strong performance of the euro in the past year has seen costs in other cities such as Paris and Monaco overtake the UK capital.
The cost of business travel in the UK overall has continued to fall, with every surveyed UK location seeing a drop in the table.
New York is the only location in the world more expensive for business travel than Geneva. A business trip to New York costs GBP 611 a day on average.
The price of hotels in London and Paris is much higher than anywhere in Europe, with the exception of a few Swiss destinations.
By Latifa Zenaina