Skip to main content

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

By CNN Staff
updated 7:39 AM EDT, Thu June 12, 2014
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
updated 10:07 PM EDT, Thu July 17, 2014
Where to pay homage to the cutest local celebrities you'll ever stalk.
updated 9:10 AM EDT, Fri July 18, 2014
For air travelers who like to gripe about being cramped in economy, here comes another warning that they've never had it so good.
updated 8:06 AM EDT, Thu July 17, 2014
Cream cakes from the Ruszwurm bakery in Budapest, Hungary
Proving they're what's really important, the world's best pastry shops have survived survived sieges, revolutions and World War II.
updated 11:50 AM EDT, Thu July 17, 2014
Lois Pryce ignored naysayers and traveled 3,000 miles via motorcycle to discover the real Iran.
updated 11:20 PM EDT, Wed July 16, 2014
Built at a cost of $442.2 million, Universal Studios Japan hopes its new Potter attraction will bring in $55 billion over 10 years.
updated 10:40 AM EDT, Wed July 16, 2014
A scene in Marrakech
The gateway to Morocco's Atlas Mountains is becoming a photographer's paradise -- but capturing it on camera isn't easy.
updated 5:36 PM EDT, Wed July 16, 2014
Cathay Pacific was pronounced the world's best airliner of the year at the industry's leading awards ceremony in Farnborough on Tuesday.
updated 4:44 PM EDT, Tue July 15, 2014
Britain has stolen a march in the space race with plans for the world's first spaceport outside the U.S.
updated 10:53 AM EDT, Tue July 15, 2014
In the hunt for the world's best amusement park, the people have spoken -- and it seems the people like mixing with creatures who eat a lot of fish.
updated 2:11 AM EDT, Tue July 15, 2014
An Hellenic Seaplanes aircraft
Seaplane network set to open up far-flung destinations to affordable jet-setting tours.
updated 4:52 PM EDT, Mon July 14, 2014
A man who took a dangerous selfie during the running of the bulls in Pamplona, with the half-ton beasts right behind him, is still on the run -- but this time from the police.
updated 10:07 PM EDT, Mon July 14, 2014
Its cramped rooms and retro lobby are dated, but its charm and devotion to customers are worth preserving.
updated 1:53 AM EDT, Mon July 14, 2014
A young girl sits on a bench decorated with an image of Paddington Bear.
As part of a scheme to encourage reading, 50 benches designed in the style of popular novels or kids' stories have been scattered around London.
updated 9:01 PM EDT, Fri July 11, 2014
To all the locals who have been hoarding the following beaches, please forgive us.
updated 9:10 AM EDT, Wed July 16, 2014
Jason Hullinger, a computer security architect in Los Angeles, went to Joshua Tree National Park in December to catch the Geminid meteor shower.
CNN iReporters from across the globe share their incredible images of the skies above us.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT