In 2018 – 1. New York, followed by 2. Geneva, 3. Zurich, 4. Paris, 5. Washington and Monaco, and London* dropping to sixth place due to strong currency fluctuations, healthy new supply, extreme weather, and Brexit – resulting in a 4.8% decline in average occupancy.
In 2024 – these two cities ranked 5th. Zurich and 6th. San Francisco
Reflecting rising costs post-pandemic and significant inflation affecting travel expenses globally – positions can change rapidly with fluctuating currency movements*.