Tel Aviv has ranked among the ten most expensive cities in the world for traveling business people in a new set of rankings from ECA International. Tel Aviv came in sixth behind Geneva, Zurich and the world’s most expensive New York City at an average cost of $796 per person per day.
Tel Aviv was listed as costing $507 per person per day, Geneva, $597, Zurich $546.
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This comes as little surprise to an Israeli. Tel Aviv is known for being expensive, with really high rents for apartments. And the price of buying a home there – for what you get in space and other factors – is the highest in the country, other than in exclusive towns that cater to the wealthy elite.
Interestingly, Tel Aviv was not on the list of most expensive cities in Asia for business travel. So, the publishers must place it in Europe for cultural reasons.
Four U.S. cities including Los Angeles – $498 per person per day – San Francisco – $519 per person per day and Washington D.C. – $561 per person per day – made the list along with London and Paris.
Out of the top ten most expensive cities Tel Aviv ranks fifth in the average cost of a hotel room.
ECA International is a provider of knowledge, information and technology that enables businesses to manage their international reward programs.
Partnering with thousands of clients across every continent, we provide a fully-integrated suite of quality data, specialist software, consultancy and training. Our unparalleled insights guide clients as they mobilize their most valuable resource: people.
Each report itemises costs for the following expenses for flexibility when calculating allowances for short trips abroad:
Hotel room (3, 4 and 5 star)
Alcoholic and soft drinks
Journeys by taxi