Tuesday, December 9, 2014

Singapore is 37th most expensive of 150 cities, in survey on accommodation costs

POSTED: 09 Dec 2014 19:27

SINGAPORE: The Republic ranked as the 37th most expensive city out of 150 cities, in an international survey on accommodation costs conducted by a Berlin-based travel search website for Europe.


According to GoEuro.com's 2014 Accommodation Price Index, New York is the most expensive overall while Albania is the least expensive. Asian cities Macau and Hong Kong ranked higher than Singapore at third and 15th place respectively, while Tokyo followed right after at 38th place.


The price index study covered 150 cities and over 60,000 properties, to understand the effect of new trends in accommodation on the hotel industry, the website said in a media statement on Tuesday (Dec 9).


It added that the increasing popularity of online community Airbnb and the continued growth of the hostel industry are now important factors for travellers considering where to spend the night. Singapore ranked 30th most expensive for an Airbnb property.


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