Report by ECA Worldwide finds cost of browsing city has jumped one.4 for each cent given that 2018
Everyday price of becoming in Hong Kong place at US$515 every day, while Singapore drops to US$468
Hong Kong has preserved its position as the most expensive metropolis in Asia for organization travellers. Image: Dickson Lee
Hong Kong is easily the most costly city in Asia for business enterprise travellers, a study has uncovered.
The overall expense of viewing the town jumped one.4 for each cent to US$515 (HK$4,000) in comparison to last calendar year, according to an annual report from management consultants ECA International.
You can use the hotels as a getaway holiday stay, or they could be one of your business hotel hong kong.
Bearing in mind the fee of inns, foods, drinks, laundry, taxi rides and also other day-to-day requirements, town charges 4 per cent a lot more than Tokyo, and eight for each cent a lot more than Seoul, which can be second and third around the checklist respectively.
But business enterprise travellers to Singapore will likely be improved off, using a 2.three for each cent fall in prices to US$468 on a daily basis as the city condition slipped to fourth in the rankings, a spot reduce than final calendar year.
Continue to, Hong Kong is 35 for each cent less costly as opposed to world’s most costly place for small business travellers, that's New york at US$799.
ECA regional director Lee Quane said resort lodging marked the biggest share of business travellers’ prices and accounted for additional than 50 percent of the total.
“Hong Kong has always been one on the most costly Asian locations to visit on business due to the combination of a high cost of goods and services, and expensive lodge prices,” he said.
To make matters worse, the continued strength with the Hong Kong dollar over the past year, which can be pegged with the US dollar, means goods and services have been even much more costly.
The study analysed data from 400 locations in 195 countries, examining prices in 3-5 star hotel rooms, meals, laundry, alcoholic and soft beverages, incidental expenditures and taxi journeys.
The number of enterprise travellers who stayed overnight in the town dipped 0.three for every cent past 12 months to 3.9 million. photograph: Winson Wong
Many international students come looking for the best universities to study in hong kong.
The number of small business travellers who stayed overnight during the city dipped 0.3 for each cent final yr to three.9 million. photograph: Winson Wong
Tourism lawmaker Yiu Si-wing mentioned that, as demand outstrips supply, high resort room rates would continue to dog the town.
“The root on the problem is supply is not catching up with the growth in demand; for example, the Excelsior lodge shut down earlier this month to make way for the redevelopment of a commercial building,” he said. “Some long-haul business enterprise travellers may be under a lot more pressure for charges and shorten their stay in Hong Kong from, say, three days to two when short-haul travellers might choose to stay in Shenzhen.”
Hong Kong recently saw the opening of two high-end resorts - the 195-room St Regis in Wan Chai and 413-room Rosewood in Tsim Sha Tsui - but, combined, they failed to offset the loss on the 869-room Excelsior in Causeway Bay.