Julius Baer’s third annual report compared the prices of 20 luxury goods and services in 24 major cities. Photo: AFP
Julius Baer’s third annual report compared the prices of 20 luxury goods and services in 24 major cities. Photo: AFP

Hong Kong slips one place to fourth most expensive city for luxury spending as hotel rates take a huge hit from pandemic, Julius Baer report finds

  • Hong Kong loses third place to Taipei as a plunge in hotel rates undermined average luxury lifestyle costs
  • Shanghai, meanwhile, cemented its place at the top of the table with a 38 per cent increase in hotel prices as domestic tourism rebounded

Julius Baer’s third annual report compared the prices of 20 luxury goods and services in 24 major cities. Photo: AFP
Julius Baer’s third annual report compared the prices of 20 luxury goods and services in 24 major cities. Photo: AFP
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