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!!