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
December 16, 2014 -- Updated 1056 GMT (1856 HKT)
Nonprofit Ethical Traveler has released its annual list of the developing countries doing the most to promote human rights and preserve their environments.
December 11, 2014 -- Updated 1036 GMT (1836 HKT)
These waterfront watering holes have killer ocean views, creative drinks and the mahalo vibe we demand.
December 10, 2014 -- Updated 2038 GMT (0438 HKT)
Can't wait to book your ticket to Indianapolis and Oakland? The venerable guidebook is right there with you
December 10, 2014 -- Updated 0625 GMT (1425 HKT)
By helicopter, snowmobile and big-wheel truck across some of the world's most volatile landscapes.
December 9, 2014 -- Updated 2142 GMT (0542 HKT)
Construction begins on a new Singapore airport complex that could make delays and layovers a pleasure.
December 9, 2014 -- Updated 1441 GMT (2241 HKT)
Inflight chatterboxes are annoying but they're not the worst violators of onboard etiquette, according to an Expedia study.
December 8, 2014 -- Updated 2232 GMT (0632 HKT)
These statues are awe-inspiring even for the strongest of non-believers.
December 5, 2014 -- Updated 1659 GMT (0059 HKT)
The Palace of the Parliament, built by former Romanian dictator Nicolae Ceausescu.
25 years after the death of Romania's communist dictator, tourism is helping heal old wounds.
December 5, 2014 -- Updated 1152 GMT (1952 HKT)
Photo sharing website names the top 10 destinations for geo-tagged snapshots.
December 3, 2014 -- Updated 1005 GMT (1805 HKT)
New York may be a paradise of Zagat-rated, Michelin-starred restaurants, but some of its best food can be found on the streets.
December 2, 2014 -- Updated 0601 GMT (1401 HKT)
Guide Lebo behind the wheel of Chobe Game Lodge's first electric game viewing vehicle, at Chobe National Park in Botswana.
Chobe Game Lodge in Botswana ups the eco stakes with what it claims is world's first battery-powered safari fleet.
November 24, 2014 -- Updated 0118 GMT (0918 HKT)
The interior of the Formosa Boulevard Mass Rapid Transit Station in Kaohsiung, in southern Taiwan.
These quirky and beautiful subway stops make standing cheek-to-cheek with 45 strangers almost seem fun.
November 21, 2014 -- Updated 1314 GMT (2114 HKT)
A scene from a desert safari in Dubai
Luxury vintage Land Rover tours explore Bedouin backwaters without bashing up precious dunes.
ADVERTISEMENT