WBull: World's most expensive hotel doubles rate - Spear's Magazine

WBull: World’s most expensive hotel doubles rate

Amid the recession, rock stars, diplomats and other celebrities find solace from the doom and gloom by spending their time in sanctuary provided by the world’s most luxurious, and expensive, hotels.

Amid the recession, rock stars, diplomats and other celebrities find solace from the doom and gloom by spending their time in sanctuary provided by the world’s most luxurious, and expensive, hotels.

While many of us are tightening our belts, shortening our summer holidays or even abandoning them, hoteliers to the rich and famous claim to have no trouble filling their most exclusive accommodation, and in the case of the most expensive suite in the world, managing to double its rate to $65,000 (€45,642) a night.

In an annual survey by Financial News’ sister publication Wealth Bulletin, the Royal Penthouse Suite at the President Wilson Hotel in Geneva, Switzerland, tops the list as the most expensive hotel room in 2009, commanding $65,000 for its four-bedroom penthouse – twice as much as patrons paid a year ago for its luxurious setting and views of Lake Geneva and Mont Blanc.

The hotel’s management puts the rise down to “buoyant demand” from government officials and United Nations diplomats.

Last year’s winner, the iconic Ty Warner Penthouse at the Four Seasons Hotel in New York, came second this time, at $35,000, $1,000 up from last year.

To read the full article, visit wealth-bulletin.com



 

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