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Sticker Shock

San Francisco hotel room rates are now the most expensive in the world, and they have a sizable lead over their closest competitors. The average price of a San Francisco hotel room has risen 88 percent in the past year to hit $397, while No. 2 Geneva's average price is $292 per night and No. 3 Milan's rate averages $271. San Francisco's closest American competitors are Chicago and Miami, which both have an average rate of $240 per night. [SF Business Times]