Travel

Places worth the journey, with room for the details that make them memorable.

Canal houses and parked bicycles in central Amsterdam at dusk
Travel

The tax on a €10,000 hotel night: €24 in Barcelona, €3,350 in Amsterdam

Cities have raised tourist taxes to fight overcrowding. But most charge a flat fee per guest, which the richest visitors barely notice. Amsterdam, New York and now Edinburgh tax the room price instead.

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The Matterhorn seen from Zermatt.OB / 02
Travel3 min read

Switzerland’s club of rich foreigners taxed on their spending is shrinking, and paying more

The number of foreigners taxed on their living costs rather than their income has fallen by more than a third since 2012. The cantons that still offer the deal are collecting more than ever.

Mykonos town and harbour, Greece.OB / 03
Travel3 min read

The 2026 price list for a new home country

Italy charges €300,000 a year, Greece wants €800,000 for Athens or Mykonos, Uruguay now asks for real investment. What residency costs the very rich this year, and what changed.

The Mareterra district under construction on reclaimed land in Monaco.OB / 04
Travel3 min read

At €188,000 a square metre, Monaco sets the world’s most expensive floor

Rinat Akhmetov’s €471mn flat in Mareterra works out at about €188,400 a square metre. Here is how that compares with St Moritz, Gstaad, Lake Como and Tokyo.

The Gion Kobu Kaburenjo theatre in Gion, Kyoto.OB / 05
Travel3 min read

Japan’s ¥3mn-a-night rooms, and the ¥10,000 tax that comes with them

A new Imperial Hotel suite in Gion has set the price of a night in Japan’s top rooms at about ¥3mn. Kyoto now adds the country’s highest accommodation tax on top.

The Porta Nuova skyline in Milan.OB / 06
Travel4 min read

Dubai to Milan: the exodus the price data can’t find

After Iranian strikes in March, the rich were said to be swapping Dubai for Milan. Six months on, Dubai’s top end is busy and Milan’s flat tax costs €300,000 a year.

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