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Hotels in San Francisco are the priciest in the world

Average price for a hotel room jumps 88% in the past year to US$397 a night, finds a Bloomberg index

San Francisco's rising costs are being driven by the region's technology-industry boom, a soaring job market and a dearth of hotel construction as developers focus on office and residential buildings.

Los Angeles

SAN Francisco already is one of the priciest US cities for apartment renters and companies seeking office space. Now the area has a new distinction: it's the world's most expensive place for visitors to spend the night.

The average price for a San Francisco hotel room...

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