Expert Market's study lists the cities that are costing companies the most money when travelling for business (79 in total), with many European and Asian metropolises leaving a gap in people's wallets.
Geneva, Stockholm, Hong Kong, London and Paris– all known for their sophisticated hotels and upmarket restaurants – all made the top 10, costing the customer more than $500 a day.
Surprisingly, U.S. cities didn't even break the top 20, with the affluent San Francisco (23rd) only costing $444 a day, followed by New York ($442). Guatemala City was ranked as the cheapest city for business travel, costing individuals $209 on average per day.
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When comparing San Francisco to the likes of Caracas, Expert Market used Numbeo's database to show that a taxi's starting tariff costs 70 percent more in Caracas; and, at $25.50, a McDonald's meal in Caracas costs 237 percent more than in San Francisco.
"The US may not be home to any of the top 20 most expensive cites, but it does spend more on business travel than any other country in the world," said Michael Horrocks, website manager at Expert Market, adding that the spending in the US reached $274 billion in 2013, and is expected to reach $310 billion this year, for business travel.
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