Rio hotels are the world’s most expensive14 May 2012
Rio de Janeiro has overtaken Sydney as the worldâ€™s most expensive major city for a hotel stay.
The average cost of a night in the Brazilian city during the first three months of 2012 was Â£192.88, nearly 50 per cent more expensive than during the same period last year.
The research attributes the sharp rise to Brazilâ€™s strong economy and improved infrastructure ahead of the 2014 FIFA World Cup and the 2016 Olympic Games. It added that this yearâ€™s Rio Carnival also attracted a record number of visitors.