Hong Kong is now the most expensive location for business travellers, having overtaken Tokyo which drops to second spot, revealed the latest Daily Rates research published by ECA International.

Lee Quane, regional director – Asia for ECA International, said in a statement: “This change is mostly due to the overall price of business travel in Japan decreasing in dollar terms after the yen fell in value over the course of 2017. The cost of business travel in Hong Kong has remained unchanged from last year with the typical business trip now costing US$508 per day on average.”

However, the average cost of a business trip to Singapore has increased to US$479 per day, up from US$472 in 2016, which now puts the city state a joint third with Seoul for most expensive Asian location for business travel.

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