Wednesday, May 16, 2012

Euro, Swiss Franc Still Overvalued According to 'Hotel Club Sandwich Index'

From Economic Policy Journal:

The Hotel Club Sandwich Index 
 Paris is the most expensive city for a Club Sandwich, according to the Club Sandwich Index.

The CSI average price has been calculated by taking the real prices paid by guests for a Club Sandwich in 30 hotels in the capital and major city of each country measured. In total surveyed the Club Sandwich prices in 750 hotels in the five, four and three star category across 26 countries.

In the French capital, the CSI showed prices ranged from £33.44 ($53.49) for a ‘Club’ in a five-star hotel to a more reasonable £13.72 ($21.95) in a two star establishment, with the Paris average cost of a Club coming in at £20.43 ($32.69). The second most expensive city was found to be the Swiss city Geneva, where the sandwich costs an average of £20.10 ($32.63)....MORE