Business travel can be a pricey affair — whether it’s grabbing that extra takeaway coffee to battle jet lag or paying out more than your clothes cost in the first place for the hotel laundry.

But which city is the most expensive for business travel?

Management consultant ECA International has tallied up leading destinations to find out which will leave travelers with the emptiest wallet.

The UK’s Brexit vote to quit the European Union has flung London out of the top 10, but there are plenty of other candidates to take its place.

 

10. Monaco

Mobility experts ECA International have outlined the top 10 most expensive business travel locations for 2018. At number 10 is Monaco on the French Riviera. Click through the gallery to find out which destination is number one.

 

9. Basel, Switzerland

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Dominating the report are Swiss cities — in large part due to Switzerland’s high performing currency. Basel, the country’s third most populous city, places at number nine.

 

8. Washington DC

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The US capital is number eight on the list. The ECA report examines the average cost for four-star hotel accommodation, meals, drinks, laundry, transport and other essentials.

 

7. Nassau, Bahamas

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The capital of the Bahamas comes in at number seven on the list.

 

6. Paris, France

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“You see at the top of the rankings the global cities such as London, Paris, New York, they’re all very high because the amount of visitor numbers are very high,” said Simon Franklin, daily rates manager at ECA.

 

5. Bridgetown, Barbados

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Bridgetown, the Barbados capital, just bridges the top five of ECA’s list. Franklin advises business travelers worried about pricey places to do thorough research before they arrive.

 

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4. Luanda, Angola

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Luanda, Angola takes the number four spot on the list. “Make sure you are aware of the average cost for hotels and meals and things before you go,” advises Franklin.

 

3. Zurich, Switzerland

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The financial hub of Zurich is number three on the list. “Do a bit of research to see where you can get cheaper costs beforehand, stay off the most obvious streets and the highest priced areas of the city,” Franklin adds.

 

2. Geneva, Switzerland

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Geneva is the second most expensive city worldwide — and the most expensive city in Europe for the fourth year in a row.

 

1. New York, USA

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High cost of accommodation makes New York ECA’s most expensive business travel location for 2018.

Though New York took the top spot, Swiss cities dominate the list — Geneva, Zurich and Basel feature at Nos. 2, 3, and 9 — in large part because of Switzerland’s high-performing currency.

The ECA report takes into account the average cost for four-star hotel accommodation, meals, drinks, laundry, transport and other essentials. Other factors also play a part, including general demand.

“The amount of business that takes place there is quite key,” Simon Franklin, Daily Rates Manager at London-based ECA tells CNN Travel. “You see at the top of the rankings the global cities such as London, Paris, New York, they’re all very high because the amount of visitor numbers are very high.”

But while it remains a global business hub, London has probably fallen out of the top 10 because of recent political changes, Franklin adds.

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“It has been falling over the past two years, really since the Brexit vote went through,” he says, blaming currency fluctuations in the wake of the decision.

Higher security risks have also had an impact.

“Places with security issues are very high, because the number of hotels is less, because of the high security demands that go with it — and everybody who’s there for business stays in the same hotels which have high levels of security,” says Franklin.

Luanda, Angola takes the No. 4 spot on the list — in part because of security factors.

Other cities can end up highly placed because they’re locations where “business is perhaps given a second priority to tourism, so there aren’t really any specific business hotels,” adds Franklin.

In these cities, traveling executives end up staying in pricey tourist areas, rather than more competitively-priced business areas.

In New York, high demand for hotels impacts business travelers. Often rooms go at a premium rate — ECA says four-star prices average at approximately $546 per night.

It’s this high cost of accommodation, plus the mandatory 15-20% tipping policies, that makes New York ECA’s most expensive business travel location for 2018.

So what should you do if you’re heading to one of these cities any time soon?

Franklin’s top piece of advice is to do thorough research before your airplane touches down.

“Make sure you are aware of the average cost for hotels and meals and things before you go,” he suggests. “And do a bit of research to see where you can get cheaper costs beforehand, stay off the most obvious streets and the highest priced areas of the city.”

 

This feature was originally appeared in CNN Travel.

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