For years, New York, Boston, and San Francisco have battled it out to top the list of most expensive cities for business travel in the United States. Recently, San Francisco had solidified its position as the most expensive city. But this year, there’s a new (old) leader: New York City.
That’s according to the latest Business Travel News Corporate Travel Index. The publication considered average hotel and car rental costs, along with the average cost of breakfast, lunch, and dinner. From that data comes this list of the most expensive cities for business travel in the U.S. The figures below are per-day costs.
Top 10 Most Expensive Cities for Business Travel
Rental car: $48.92
Note: Perhaps not surprisingly, NYC’s hotel cost topped the nation. But that’s large because rates soared 17.5% year over year.
Rental car: $46.95
Rental car: $53.45
Rental car: $43.45
Note: D.C.’s food cost was ranked surprisingly low, 43rd overall, sandwiched between Columbia, South Carolina, and Tampa, Florida. However, D.C.’s hotel rates jumped 30% year over year.
Rental car: $50.90
Note: According to Business Travel News’ data, the Windy City saw the largest year-over-year jump in overall business travel expenses, a whopping 16.8% increase.
6. Los Angeles
Rental car: $51.97
Rental car: $45.72
Rental car: $47.94
Rental car: $46.54
Note: Honolulu was ranked as the most expensive city for eating out in all of America.
Rental car: $48.31
Next 10 Most Expensive Cities, Total Per Diem
Note: Hartford is ranked the third most expensive city in the nation for food, at $120.74 per day.
16. Austin, Texas
Note: Business travel in Dallas involves a trade-off. Its average nightly hotel rate is the lowest among the top 20 cities, at $190.59. But its food cost is the second highest in the nation, at $122.62 per day.
What If You’re Looking to Save Money?
Often times for business travelers, of course, you have to go where the action is. That’s likely to land you in one of these most expensive cities for business travel. But, if you ever have a choice, you might consider one of the cheapest cities for business travel instead.
Also, keep in mind that Business Travel News priced out hotel rates. The average daily hotel rate among the 100 cities ranked was about $177. Equivalent daily rates are lower in corporate housing, which generally is leased by the week or month. The average daily rate for corporate housing was $150 in 2016.
So, if you’re traveling for business this year, first check CorporateHousing.com for temporary housing in your destination city and its surrounding metro area.