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Hong Kong rose three places to fifth position in rankings.
Average annual cost of sending an expat to the UK is now £351 992, up by 11% on last year.
Following a four-year reign, Hong Kong (2nd) loses the top spot to New York
Singapore is now the fifth most expensive location in the world for expatriates, driven by rising accommodation costs
Hong Kong loses number one status in spite of high levels of inflation
ECA has secured a multi-million pound investment from Pelican Capital to accelerate development of its software-as-a-service businesses that help companies manage their internationally mobile workforce.
ECA’s role as Foundation Partner is fundamental in the development of Talent Mobility in Asia and the formation of ATMA's supportive programmes and services for the industry across the region.
As Hong Kong expects to receive the highest number of business travellers since 2019 it remains the most expensive location in the region for business travel.
London is now the third most expensive business travel location in Europe, rising from 5th position pre-pandemic.
The typical daily cost of business travel in Singapore is now USD 515 – the second highest in Asia and 19th globally.