The average business trip to the UK capital now costs £444 a day, with the price of a four-star hotel costing £251 a night on average, a report from ECA International has revealed.
New York (£618) is the most expensive city in the world for business travel, with Geneva the most expensive in Europe, costing £553 a day.
London is the 10th most expensive city in the world for business trips, according to research by global mobility experts, ECA International (ECA).
"London business travel has weathered the Brexit uncertainty thus far and it remains one of the busiest business hubs in the world," says ECA production manager Steven Kilfedder.
"In part this is because demand has been boosted by the fall in the value of the pound after the Brexit vote in 2016, making the UK more affordable for international visitors."
The ECA’s Daily Rates report reviews the average costs for hotel accommodation as well as meals, drinks, laundry, taxi journeys and daily essentials.
UK business trip daily costs - average price of a business trip per day (GBP)
Central London, £444
Business travel in Switzerland still most expensive in Europe, with Swiss cities dominating the top ten costliest locations in Europe for business travel with Geneva leading the rankings.
New York is the only location in the world to rank higher for business travel costs than Geneva with a trip to the Big Apple costing GBP 618 (USD 799) a day on average.
Kilfedder said: "A big proportion of the cost of business travel to New York can be attributed to the high demand for hotels in the city with a room costing £396.
"These costs in combination with consistently high prices for transport and at many restaurants can make trips to the city extremely expensive, contributing to the city being ranked the most expensive in the world for business travel."
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