by CNNGo staff
If 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. 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 from all transactions on Hotels.com in 2011, in local currency, weighted to reflect the size of each market.
"Each HPI country report version shows hotel prices across the world per room per night as paid by local travellers in local currency, when they made booking on Hotels.com website in their country," says Hotels.com.
read moreSource: http://rss.cnngo.com/~r/cnngo/~3/gL-WOMwVJ5c/where-are-worlds-most-expensive-hotels-549713
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