San Francisco hotels are world’s most expensive
For anyone who has travelled and stayed overnight in San Francisco recently, a just released survey by Bloomberg will come as no surprise.
The city has the priciest hotel rooms on the planet, according to the Bloomberg index of the world’s top 100 financial centers.
It shows the average price of a night in a San Francisco hotel has surged a whopping 88% in the last year to $397 a night.
It was well ahead of Geneva, the second most expensive city at $292 a night, and Milan in third place at $271.
Chicago and Miami were joint second most expensive for hotel stays in the US at $240 a night, while perennially pricy New York was down in 16th place in the world rankings at $202.
Speaking to Bloomberg, Chuck Pacioni, general manager at the San Francisco Marriott Marquis said: "The influx of tech companies into San Francisco has been tremendous, and with it this new emerging traveler, this millennial traveler, who is looking for downtown experiences."
"Many of them may travel for work to Silicon Valley, but instead of staying at a suburban hotel, they want to stay in the city for the culture and the experiences."
The growing job market in San Francisco has resulted in more than eight million square feet of office space under development over the next four years, while city-wide hotel inventory increased just 0.3% in the first half of this year, driving up rates.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airbnb eyes a loyalty program but details remain under wraps
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026