Hong Kong retains spot as most expensive business destination in Asia

Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report. 

ECA International’s latest Daily Rates research ranked countries based on costs for short trip expenses: four-star hotel rooms, meals, laundry, alcoholic and soft drinks, journeys by taxi and incidental costs. 

The research aims to help organizations anticipate the cost of business trips and short-term assignments, the data company said. 

A business trip now costs an average of $520 a day in Hong Kong, which is also ranked the 16th most expensive location for business travel in the world. 

That’s despite low…