Want to rub shoulders with who's who at WEF summit in Davos? It may set you back by Rs 60 lakh
Davos is the new buzzword that's been trending since the last few days. Prime Minister Narendra Modi is in the picturesque town of Switzerland to address the who's who of the world at the World Economic Forum (WEF).
However, rubbing shoulders with the crème de la crème of the world--which includes heads of state, cultural icons and business leaders--is a costly affair, in the literal sense.
The annual World Economic Forum in Davos is an invitation-only event. Heads of states and ministers, leaders from civil society and the arts do not have to pay for participation.
For the rest, the membership and partnership fees for the World Economic Forum ranges between 60,000 to 600,000 Swiss Franc. In Indian currency, this translates into roughly anywhere between Rs 40 lakh to Rs 4 crore. The fee varies as per the level of engagement.
To participate at the annual meet in Davos, you will have to pay a fee over and above the membership or partnership fee. According to some reports, the price of a ticket for the Davos meet is 19,000-20,000 USD or Rs 12-Rs 13 lakh approximately.
Now comes, the travel cost. As of today, a round trip from New Delhi to Zurich and back to New Delhi will set you back by Rs 55,000 to Rs 1 lakh approximately.
On reaching Zurich, you can reach Davos by either train or bus, which are relatively cheaper options. However, you can also choose to fly in a chopper from Zurich and reach Davos in 30 minutes. The one-way chopper ride will cost you Rs 6.5 lakh approx.
Finding affordable accommodation during the annual World Economic Forum at Davos can be quite a challenge. As of today, a quick search on some travel sites shows that most budget hotels have full occupancy and the best option also comes at nearly Rs 65,000 per night. A stay for the five-day Davos meet is likely to cost Rs 3.25 lakh approx.
The total cost for your Davos trip comes to nearly Rs 60 lakh and could go up to a few crores.