A metro train passes by Jumairah Lake Towers in Dubai, United Arab Emirates Thursday Oct. 15, 2009. (AP Photo/Kamran Jebreili)
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World travelers looking for a cheap place to stay may want to avoid Geneva, Dubai and Miami. The three cities rank among the most expensive markets for hotel rooms, according to an index compiled by Bloomberg. Geneva is 32 percent more expensive than New York and London and 28 percent costlier than Hong Kong, according to relative index values.The five-star ranking includes cities with at least 10 hotels available for booking in that category.Since 2006, New York has added 74 hotels and more than 13,500 rooms, according to NYC & Co., the city's marketing and tourism website.The city has more than 92,000 rooms in its inventory, and will add more than 15,000 in the next three years, it said.
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