Which cities are most expensive for business travel?

Two of APAC’s priciest cities are also the most popular.

Tokyo ranked third most expensive city
Tokyo ranked third most expensive city Photo Credit: iStock/tawatchai1990

Hickory Global Partners has released its 2025 rankings of the world’s most expensive and most popular cities for business travel, based on booking data and average daily rate (ADR) spend across its global platform.

The consortium, which represents more than 2,500 members in 74 countries and works with over 51,000 hotel partners, analysed corporate hotel bookings to determine the average daily rate per city – a benchmark reflecting the cost incurred by corporations to host meetings, seminars and employee stays.

Tokyo, Singapore prominent

Only two Asia-Pacific cities appear in the global top 10 lists – Tokyo and Singapore – and both rank in both the most popular and most expensive international city categories.

Tokyo ranks fifth in popularity and third in cost globally, while Singapore ranks eighth in popularity and fifth in cost.

Striking a balance between premium pricing and appeal, Singapore ranks slightly lower than Tokyo in cost but remains within the top five most expensive cities while maintaining top-10 popularity.

Top 10 popular cities

  1. London, England
  2. Rio De Janeiro, Brazil
  3. Paris, France
  4. Toronto, Canada
  5. Tokyo, Japan
  6. Montreal, Canada
  7. Calgary, Canada
  8. Singapore, Singapore
  9. Amsterdam, Netherlands
  10. São Paulo, Brazil


Top 10 most expensive international cities

  1. London, England
  2. Paris, France
  3. Tokyo, Japan
  4. Amsterdam, Netherlands
  5. Singapore, Singapore
  6. Toronto, Canada
  7. Montreal, Canada
  8. Calgary, Canada
  9. São Paulo, Brazil
  10. Rio de Janeiro, Brazil

“Cities such as London, Paris and Tokyo continue to bolster high price tags for business travellers, but remain popular because they offer expansive metropolitan areas with ample hotel inventory and meeting space,” Hickory was reported by BTN Europe as saying.

“Other destinations, including Amsterdam, Singapore and Toronto, maintain a high ADR (average daily rate) due to the local economy, but continue to attract business travellers from around the world due local industries and the opportunity to extend trips for ‘bleisure’ travel.”