Skip to main content

And the world's most expensive city is ...

By CNN Staff
June 12, 2014 -- Updated 1139 GMT (1939 HKT)
A weekend break in Sydney is relatively cheaper than it was last year -- the city dropped four places on this year's TripAdvisor survey of the world's most expensive holiday cities. Click on to see the full top ten and best value vacation city. A weekend break in Sydney is relatively cheaper than it was last year -- the city dropped four places on this year's TripAdvisor survey of the world's most expensive holiday cities. Click on to see the full top ten and best value vacation city.
HIDE CAPTION
Most expensive cities: 10. Sydney
9. Toronto
8. Helsinki
7. Copenhagen
6. Zurich
5. Oslo, Norway
4. Stockholm
3. New York
2. Paris
1. London
Best value city: Hanoi
<<
<
1
2
3
4
5
6
7
8
9
10
11
>
>>
STORY HIGHLIGHTS
  • London named most expensive city destination in TripAdvisor survey
  • Evening out and overnight stay in four-star hotel costs average of $523 in English capital
  • Weekend in Hanoi can be cheaper than a meal out in Stockholm

(CNN) -- If there's any truth in the old saw that London's streets are paved with gold, it's probably because they've been gilded by cash stripped from the pockets of tourists.

It won't surprise anyone who's seen their budget evaporate seconds after exiting their over-priced hotel, but the English metropolis has been named the world's priciest city break destination.

A summer of art in London
'Love locks' craze hits London bridge
London landmark welcomes exclusive hotel

Review site TripAdvisor compared prices in 48 leading tourist destinations to conclude that London has overtaken Oslo as the world capital of the inadvertent splurge.

According to the site's annual TripIndex Cities study, seven of the world's 10 most expensive destinations are in Europe.

Asia fields the majority of the list's most affordable cities for a holiday.

MORE: World's best shopping cities ranked

The list says an evening out and overnight stay in a four-star hotel in London will relieve visitors of $523 -- more than three times the cost of the same break in Hanoi, which is named as best value.

Travelers to Paris should be warned against working up too much of thirst while pounding its boulevards -- the city is identified as the priciest place for pre-dinner cocktails.

Two dry martinis there set drinkers back an average $52.

Even then the cocktails will probably be watered down by the salty tears of whoever's footing the bill.

MORE: 10 top value destinations

New York still the place for expensive hotels

TripAdvisor's research reveals Stockholm is the costliest place for an evening meal.

For the same money in Hanoi visitors can can pay for a four-star hotel, cab fare, cocktails, dinner for two and still have enough change to call Sweden and gloat.

New York tops the list for expensive hotels for the second year running, with a night in a four-star hotel costing an average of $365 -- four times the price of the same deal in Bangkok.

New app turns tourist into time traveler
Tiny hotels creating huge buzz
Must-have travel products

While Oslo may have lost out to London in the overall list, the Norwegian city still rules when it comes to taxi fares.

There, a three-kilometer (1.9 mile) journey will set customers back $57.

In Jakarta, the cheapest city, the same journey can be made for less than $3.

Here's TripAdvisor's top 10 of most expensive cities: London, Paris, New York, Stockholm, Oslo, Zurich, Copenhagen, Helsinki, Toronto, Sydney.

Here are the site's best value destinations: Hanoi, Jakarta, Sharm el Sheikh, Bangkok, Sofia, Cape Town, Mumbai, Kuala Lumpur, Prague, Budapest.

MORE: 50 great beach bars around the world

ADVERTISEMENT
Part of complete coverage on
October 20, 2014 -- Updated 1808 GMT (0208 HKT)
The guidebook asked staff, contributors and authors for well-known and lesser-known recommendations.
October 20, 2014 -- Updated 1607 GMT (0007 HKT)
An airport in Asia has stolen the crown from Manila's Ninoy Aquino, voted 'world's worst' three years in a row.
October 21, 2014 -- Updated 1620 GMT (0020 HKT)
It's time for a beef break, veal vacation, hog holiday or sinew sabbatical in a T-bone a-fide U.S. meatopolis.
October 20, 2014 -- Updated 1319 GMT (2119 HKT)
With so many awesome new attractions on the way, the next few years are going to be a roller coaster ride.
October 17, 2014 -- Updated 0107 GMT (0907 HKT)
Scientists are busy surveying Southeast Asia's Coral Triangle, home to 75 percent of all known coral species.
October 16, 2014 -- Updated 1350 GMT (2150 HKT)
Bounce Below in Wales
Bounce Below transforms an abandoned slate mine into a surreal, springy world of fear and fun,
October 14, 2014 -- Updated 2316 GMT (0716 HKT)
With chopsticks or fingers? Wasabi or no? A double Michelin-starred Tokyo chef sets the record straight and shows us the sushi way.
October 13, 2014 -- Updated 2224 GMT (0624 HKT)
Markthal Rotterdam foodhall in the Netherlands.
It may look like a gateway across time and space crafted with alien technology, but in reality it's a fruit and vegetable market.
October 13, 2014 -- Updated 0925 GMT (1725 HKT)
Based on the votes of over 330 industry experts, the 2014 winners include bars from 27 cities in 14 countries.
October 12, 2014 -- Updated 2231 GMT (0631 HKT)
Careening down an active volcano at 95 kph on a thin board? It happens only at Cerro Negro in Nicaragua.
ADVERTISEMENT