… relative to the cost of a Big Mac, that is …
A survey comparing hotel prices to the cost of a Big Mac has found that, relatively speaking, London has the most expensive rooms in the world.
The Economist, which uses the Big Mac Index to rate prices around the world, found that London is twice as expensive as San Francisco or Sydney, and some 25 times more expensive, according to a report in The Independent. The survey, carried out for the magazine by Jones Lang La Salle hotels, found that a hotel room in London costs the equivalent of 110 Big Macs, while in Mexico City the equivalent room would cost the same as just four of the burgers.
Nick Marsh, chief executive of Jones Lang La Salle, said: “In the light of the outbreak of Sars, war in Iraq and the ongoing threat of terrorism, it is likely that hotels will be increasingly dependent on domestic demand. Our global hotel affordability index provides a key measure as to the affordability of accommodation.”
The top 10 cities is as follows: London, 110 Big Macs; Paris, 84; Milan, 83; Rome, 76; Prague, 73; Barcelona, 67; New York, 65; Hong Kong, 63; Amsterdam, 59; Madrid, 58.
