Photographs: Gleb Garanich/Reuters
Across the globe, hotel rates increased by 1.4 per cent, compared to one per cent the previous year, according to a report by international corporate services company Hogg Robinson Group.
Thirty-two of 55 cities with top hotel rates showed a year on year increase in local currency rate in 2012, compared with just 23 of 55 cities in 2011.
Let's take a look at some cities that have the most expensive hotel rooms in the world.
...Cities where hotels are most expensive in the world
Photographs: Sergei Karpukhin/Reuters
Moscow, Russia
Average room rate in British pound: 261 per day
Average room rate in local currency: 12,831 Russian ruble per day
Global rank in average rate of a room: 1
...Cities where hotels are most expensive in the world
Photographs: Akintunde Akinleye/Reuters
Lagos, Nigeria
Average room rate in British pound: 227 per day
Average room rate in local currency: 56,869 Nigerian naira per day
Global rank in average rate of a room: 2
...Cities where hotels are most expensive in the world
Photographs: Carlo Allegri/Reuters
New York City, United States
Average room rate in British pound: 220 per day
Average room rate in local currency: $349 per day
Global rank in average rate of a room: 3
...Cities where hotels are most expensive in the world
Photographs: Bobby Yip/Reuters
Hong Kong, Hong Kong
Average room rate in British pound: 211 per day
Average room rate in local currency: HKD 2,598 per day
Global rank in average rate of a room: 4
...Cities where hotels are most expensive in the world
Photographs: Arnd Wiegmann/Reuters
Zurich, Switzerland
Average room rate in British pound: 207 per day
Average room rate in local currency: 308 Swiss franc per day
Global rank in average rate of a room: 5
...Cities where hotels are most expensive in the world
Photographs: Ricardo Moraes/Reuters
Rio de Janeiro, Brazil
Average room rate in British pound: 201 per day
Average room rate in local currency: 622 Brazilian real per day
Global rank in average rate of a room: 6
...Cities where hotels are most expensive in the world
Photographs: Benoit Tessier/Reuters
Paris, France
Average room rate in British pound: 196 per day
Average room rate in local currency: 242 euro per day
Global rank in average rate of a room: 7
...Cities where hotels are most expensive in the world
Photographs: Daniel Munoz/Reuters
Sydney, Australia
Average room rate in British pound: 194 per day
Average room rate in local currency: AUD 298 per day
Global rank in average rate of a room: 8
...Cities where hotels are most expensive in the world
Photographs: Bob Strong/Reuters
Stockholm, Sweden
Average room rate in British pound: 193 per day
Average room rate in local currency: 2,080 Swedish krona per day
Global rank in average rate of a room: 9
...Cities where hotels are most expensive in the world
Photographs: Robert Galbraith/Reuters
San Francisco, United States
Average room rate in British pound: 190 per day
Average room rate in local currency: $302 per day
Global rank in average rate of a room: 10
...Cities where hotels are most expensive in the world
Photographs: Yuya Shino/Reuters
Tokyo, Japan
Average room rate in British pound: 187 per day
Average room rate in local currency: 23,660 Japanese yen per day
Global rank in average rate of a room: 11
...Cities where hotels are most expensive in the world
Photographs: Heiko Junge/NTB Scanpix/Reuters
Oslo, Norway
Average room rate in British pound: 181 per day
Average room rate in local currency: 1,671 Norwegian krone per day
Global rank in average rate of a room: 12
...Cities where hotels are most expensive in the world
Photographs: Larry Downing/Reuters
Washington DC, United States
Average room rate in British pound: 176 per day
Average room rate in local currency: $279 per day
Global rank in average rate of a room: 13
...Cities where hotels are most expensive in the world
Photographs: Vivek Prakash/Reuters
Singapore, Singapore
Average room rate in British pound: 170 per day
Average room rate in local currency: SGD 337 per day
Global rank in average rate of a room: 14
...Cities where hotels are most expensive in the world
Photographs: Kai Pfaffenbach/Reuters
Frankfurt, Germany
Average room rate in British pound: 165 per day
Average room rate in local currency: 204 euro per day
Global rank in average rate of a room: 15
...Cities where hotels are most expensive in the world
Photographs: Olivia Harris/Reuters
London, United Kingdom
Average room rate in British pound: 164 per day
Average room rate in local currency: 164 British pound per day
Global rank in average rate of a room: 16
...Cities where hotels are most expensive in the world
Photographs: Pawel Kopczynski/Reuters
Copenhagen, Denmark
Average room rate in British pound: 164 per day
Average room rate in local currency: 1,505 Danish krone per day
Global rank in average rate of a room: 17
...Cities where hotels are most expensive in the world
Photographs: Murad Sezer/Reuters
Istanbul, Turkey
Average room rate in British pound: 162 per day
Average room rate in local currency: 463 Turkish lira per day
Global rank in average rate of a room: 18
...Cities where hotels are most expensive in the world
Photographs: Nacho Doce/Reuters
Sao Paulo, Brazil
Average room rate in British pound: 160 per day
Average room rate in local currency: 496 Brazilian real per day
Global rank in average rate of a room: 19
...Cities where hotels are most expensive in the world
Photographs: Michael Kooren/Reuters
Amsterdam, the Netherlands
Average room rate in British pound: 159 per day
Average room rate in local currency: 196 euro per day
Global rank in average rate of a room: 20
...Cities where hotels are most expensive in the world
Photographs: Tony Gentile/Reuters
Rome, Italy
Average room rate in British pound: 158 per day
Average room rate in local currency: 195 euro per day
Global rank in average rate of a room: 21
...Cities where hotels are most expensive in the world
Photographs: Arnd Wiegmann/Reuters
Basel, Switzerland
Average room rate in British pound: 158 per day
Average room rate in local currency: 234 Swiss franc per day
Global rank in average rate of a room: 22
...Cities where hotels are most expensive in the world
Photographs: Jo Yong-Hak/Reuters
Seoul, South Korea
Average room rate in British pound: 156 per day
Average room rate in local currency: 278,518 South Korean won per day
Global rank in average rate of a room: 23
...Cities where hotels are most expensive in the world
Photographs: Kai Pfaffenbach/Reuters
Munich, Germany
Average room rate in British pound: 154 per day
Average room rate in local currency: 190 euro per day
Global rank in average rate of a room: 24
...Cities where hotels are most expensive in the world
Photographs: Mohammed Salem/Reuters
Dubai, United Arab Emirates
Average room rate in British pound: 154 per day
Average room rate in local currency: 897 dirham per day
Global rank in average rate of a room: 25
...Cities where hotels are most expensive in the world
Photographs: Alessandro Garofalo/Reuters
Milan, Italy
Average room rate in British pound: 152 per day
Average room rate in local currency: 187 euro per day
Global rank in average rate of a room: 26
...Cities where hotels are most expensive in the world
Photographs: Sharon Perry/Reuters
Abu Dhabi, United Arab Emirates
Average room rate in British pound: 147 per day
Average room rate in local currency: 859 dirham per day
Global rank in average rate of a room: 27
...Cities where hotels are most expensive in the world
Photographs: Yves Herman/Reuters
Brussels, Belgium
Average room rate in British pound: 146 per day
Average room rate in local currency: 180 euro per day
Global rank in average rate of a room: 28
...Cities where hotels are most expensive in the world
Photographs: Goran Tomasevic/Reuters
Nairobi, Kenya
Average room rate in British pound: 142 per day
Average room rate in local currency: 18,746 Kenyan shilling per day
Global rank in average rate of a room: 29
article