Being “Top 5” among world’s expensive cities…

When it comes to Hotel tariff’s, The back office rush to the city from Global MNCs has resulted in placing Bangalore among the top 5 expensive cities in the world!! says a report.

• Moscow remains the most expensive city with average room rates of 236.06 pounds (Rs 19,433).
• New York City at the second slot (180.29 pound),
• Dubai (166.73 pound),
• Paris (165.84 pound) and
• Bangalore, which has an average room rent of 162.04 pounds (Rs 13,341) for the first six months of 2007.

The rise in rates have been fuelled by a limited supply of hotels with rooms moving in the upper end of the market to meet the demand from the expansion in the banking, finance and IT sectors.

Let me warn you, don’t compete the infrastructure here, nor even the per capita income!! The city seems to have has just started earning to spend!!

3 Comments so far

  1. Naren (unregistered) on August 27th, 2007 @ 6:47 pm

    how abt. starting home stays in namma Bengaluru?? This will definately ease the Supply and some bucks for landlords.


  2. Radman (unregistered) on August 28th, 2007 @ 12:13 am

    Raj,

    could you please rewrite the last sentence? i can not understand it. thanks.


  3. BlogInterviewer.com (unregistered) on August 28th, 2007 @ 6:58 am

    Hello,

    We would like to do an interview with you about your blog for
    http://www.BlogInterviewer.com . We’d like to give you the opportunity to
    give us some insight on the “person behind the blog.”

    It would just take a few minutes of your time. The interview form can
    be submitted online at http://bloginterviewer.com/submit-an-interview

    Best regards,

    Mike Thomas



Terms of use | Privacy Policy | Content: Creative Commons | Site and Design © 2009 | Metroblogging ® and Metblogs ® are registered trademarks of Bode Media, Inc.