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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.
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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
Click NEXT to read more...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