The World Economic Forum in Davos is not only known for its big-name attendees — but also for sky-high prices for food and lodging.
That’s what New York Times reporter David Gelles reported upon his arrival in the Swiss city that plays host to annual World Economic Forum , where the financial and political elite gather.
This year, reports have surfaced about a studio-apartment rental going for $2,800 a night — or about $15,000 for a stay during the full gathering, factoring in the service charges and cleaning. In the past, there’s been talk of everything from a $43 hot dog to a $16,000 cocktail party. The World Economic Forum didn’t immediately respond to a MarketWatch request for comment about admission pricing.
“We can only make recommendations and remind people that the exorbitant prices endanger the existence of the WEF,” he said.
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