Asia, 21st March: According to the latest Daily Rates research by ECA International, Singapore is now ranked as the second most expensive location in Asia for business travel with the average business trip to Singapore costing US$515 per day. That is an increase of US$34 compared with last year.

The top five “Most Expensive Locations for Business Travel in Asia” are: Hong Kong (globally 16th), Singapore (globally 19th), Tokyo (globally 37th), Shanghai (globally 50th), and Seoul (globally 57th).