AlphaNinja - Just not in the way you'd think -->>they're busy spending their citizens' tax dollars at the world's most expensive hotels in a selfless bid to prop up the global economy. Those brave "public servants!"
The WSJ reports:
In an annual survey by Financial News' sister publication Wealth Bulletin, the Royal Penthouse Suite at the President Wilson Hotel in Geneva, Switzerland, tops the list as the most expensive hotel room in 2009, commanding $65,000 for its four-bedroom penthouse -- twice as much as patrons paid a year ago for its luxurious setting and views of Lake Geneva and Mont Blanc.
The hotel's management puts the rise down to "buoyant demand" from government officials and U.N. diplomats
Hoteliers said that although the number of business travellers has fallen in the past year, government officials have taken their place in the best rooms and suites.