Be prepared to win the lottery or shell out huge portions of your savings if you’re wanting to visit any of these 15 locations for vacation. US News & World Report compiled the list based on hotel costs, food cost, transportation, and currency strength.
15. London. If you thought it was expensive before, think twice. It climbed from 21 to the 15 last year.
14. New York City. Just two years ago New York City was in the #6 spot, but the U.S. economy’s weak condition has driven prices down a bit.
13. Luxembourg. This tiny country situated between France, Belgium and Germany make for the great romance with its many castles and vineyards.
12. Paris. Like New York, the price has been driven down because of a weak economy so now might be the time to go. It was ninth just two years ago.
11. Vienna, Austria. Unlike its control over much of central Europe, Vienna’s ability to extract money from its visitors wasn’t lost with the fall of the Austro-Hungarian Empire.
10. Singapore. In 2009, Singapore was 24th, but its rising economy and strong currency together with not being in North America or Europe where those economies remain soft, it has been able to flourish.
9. Toronto. The tables have turned, increasingly it is Canadians coming to the U.S. for cheaper goods and services, unlike what it had been like for many years.
8. Helsinki, Finland. So far, Helsinki has remained relatively untouched by Europe’s economic crisis, clocking in at No. 8 on the Prices and Earnings report’s list of pricey places.
7. Sydney, Australia. In 2009, Sydney was ranked 38th on UBS’ Prices and Earnings report. Since then, the city has skyrocketed to seventh place, and that’s due in part to the Australian dollar’s steady rise in worth.
6. Tokyo. The bright lights of Tokyo come with shiny price tags. Like Singapore, Japan has weathered the global economic crisis fairly well — in two years, it’s fallen only one spot on the Prices and Earnings report.
5. Stockholm, Sweden. With unfavorable exchange rates and the country remains virtually untouched by the recession, many tourists are experiencing sticker shock.
4. Copenhagen, Denmark. You may find this city’s antique shops, intimate restaurants and cozy coffee bars comforting, but your wallet sure won’t. Travelers will find rates at their highest during the summer months when the weather is ideal for sightseeing.
3. Geneva, Switzerland. According to the Prices and Earnings report, Switzerland doles out the bulkiest paychecks in the world; Geneva’s price tags reflect the residents’ hefty buying power.
2. Zurich, Switzerland. Beating Geneva by only a few points, prices here tend to stay high year round. In the summer because of great weather and leisure activities and in the winter because of the snow and skier’s paradise.
1. Oslo, Norway. Oslo’s prices may be staggeringly high, but at least they’re consistent. Norway’s capital has held on to the No. 1 spot on the UBS Prices and Earnings report’s most expensive list since 2006. And it’s not just hotels that will gouge travelers’ pockets: In 2009, the New York Times noted that a bottle of water costs roughly $6 USD. Money-saving tactics — like visiting in July or August when most residents are on vacation — do little to curb the expense of an Oslo trip.
If you’d like to see the full report and more detailed information, visit the US News Article for yourself and enjoy.
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