Where are the world’s most expensive hotels?

Wed, 03/14/2012 - 14:02 — Anonymous by CNNGo staffIf you're a
Singaporean, Australian or Indian planning to travel on a budget this year,
stay away from Switzerland. According to Hotels.com's annual Hotel Price
Index (HPI), the nation of chocolate, watches and cantons has the most
expensive room rates in the world if you're paying in Singaporean and
Australian dollars or Indian rupees. New Zealanders, on the other hand, will
find that when it comes to finding a place to sleep, their currency has the
least clout in Italy. For Brits, the most expensive country is Oman and for
South Koreans and Japanese, Singapore is the biggest cash sucker, while
Mainland Chinese will spend the most yuan on a hotel room in the United
Kingdom.  The findings are all laid out in a series of HPI reports in
multiple languages, compiled by surveying hotel prices in major global
destinations based on bookings made on Hotels.com in 2011.  "The Index is
compiled from all transactions on Hotels.com [in 2011], in local currency,
weighted to reflect the size of each market," says Hotels.com. read more