Moscow has most expensive hotel rates in world

Moscow retained its ranking as the city with the most expensive average hotel room rate in the world, a survey by business travel agency Hogg Robinson Group Plc showed, according to Bloomberg.

The average rate in the city in the first half was 256.83 pounds ($407), Hogg Robinson said in a report on its website. Geneva followed as the second-most expensive city at 199.11 pounds and Hong Kong at 197.61 pounds.