Report by ECA Worldwide finds price of checking out city has jumped 1.4 per cent given that 2018
Every day price tag of getting in Hong Kong put at US$515 on a daily basis, though Singapore drops to US$468
Hong Kong has maintained its put as being the most expensive city in Asia for small business travellers. picture: Dickson Lee
Hong Kong is among the most high priced town in Asia for organization travellers, a survey has found.
The general price of going to town jumped 1.four for each cent to US$515 (HK$4,000) compared to last year, according to an yearly report from management consultants ECA Global.
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 associated fee of lodges, foods, drinks, laundry, taxi rides together with other day-to-day requirements, the town expenditures four per cent over Tokyo, and 8 per cent over Seoul, that happen to be 2nd and 3rd on the listing respectively.
But business travellers to Singapore are going to be better off, with a two.3 for every cent drop in expenditures to US$468 daily as being the city state slipped to fourth during the rankings, an area lower than final yr.
Nevertheless, Hong Kong is 35 for each cent less expensive as opposed to world’s most costly location for business travellers, which is Ny at US$799.
ECA regional director Lee Quane reported lodge lodging marked the greatest share of organization travellers’ costs and accounted for more than 50 percent with the whole.
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“Hong Kong has always been one with the most costly Asian locations to visit on small business due to the combination of a high expense of goods and services, and highly-priced hotel prices,” he said.
To make matters worse, the continued strength from the Hong Kong dollar over the past yr, which is pegged with the US dollar, means goods and services have been even far more costly.
The study analysed data from 400 locations in 195 countries, examining expenses in 3-5 star hotel rooms, meals, laundry, alcoholic and soft beverages, incidental fees and taxi journeys.
The number of enterprise travellers who stayed overnight inside the town dipped 0.3 for each cent past calendar year to 3.9 million. photo: Winson Wong
Many international students come looking for the best universities to study in hong kong.The number of company travellers who stayed overnight in the town dipped 0.3 per cent past 12 months to three.9 million. picture: Winson Wong
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Tourism lawmaker Yiu Si-wing said that, as demand outstrips supply, high resort room rates would continue to dog town.
“The root with the problem is supply is not catching up with the growth in demand; for example, the Excelsior resort 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 additional pressure for expenses and shorten their stay in Hong Kong from, say, three days to two although short-haul travellers might choose to stay in Shenzhen.”
Hong Kong recently saw the opening of two high-end accommodations - the 195-room St Regis in Wan Chai and 413-room Rosewood in Tsim Sha Tsui - but, combined, they failed to offset the loss from the 869-room Excelsior in Causeway Bay.
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