Yahoo Finance 10 cities with the cheapest luxury hotels
1/8Travel Poland Castles
1. Warsaw, Poland
The Polish capital city, reconstructed over decades following its destruction in WWII, is now an Alpha- world city, but rooms at the glamorous Hotel Bristol or the modern InterContinental Warsaw can be had for under $125 a night.Yahoo India Travel![<b>2. Marrakech, Morocco</b><br>The northwest Moroccan city is being pushed as a major tourist destination, with King Mohammed VI aiming to bring 20 million tourists a year to the city by 2020. An average daily rate for five-star hotels of only <b>$162</b> will certainly help.]()
2/8Marrakech
2. Marrakech, Morocco
The northwest Moroccan city is being pushed as a major tourist destination, with King Mohammed VI aiming to bring 20 million tourists a year to the city by 2020. An average daily rate for five-star hotels of only $162 will certainly help.![<b>3. Budapest, Hungary</b><br>The beautiful Hungarian capital is home to several World Heritage Sites and frequently ranks high on most livability scales. Despite the acclaim, five-star rooms can be had for an average rate of only <b>$177</b>.]()
3/8Budapest
3. Budapest, Hungary
The beautiful Hungarian capital is home to several World Heritage Sites and frequently ranks high on most livability scales. Despite the acclaim, five-star rooms can be had for an average rate of only $177.![<b>4. Lisbon, Portugal</b><br>One of the oldest cities in Western Europe, Portugal's capital drew nearly 1.75 million tourists in 2009. Still, five-star luxury hotels only went for an average rate of <b>$180</b> a night in 2012, making it a very accessible destination.]()
4/8lisbon
4. Lisbon, Portugal
One of the oldest cities in Western Europe, Portugal's capital drew nearly 1.75 million tourists in 2009. Still, five-star luxury hotels only went for an average rate of $180 a night in 2012, making it a very accessible destination.© Getty![<b>5. Pisa, Italy</b> Best known for its titular leaning tower, the Tuscan city of Pisa is also home to over 20 ancient palaces, churches and bridges, making it a popular tourist destination. For those who want their stay in Pisa to be luxurious - and properly upright - top-tier rooms averaged only <b>$183</b> a night in 2012.]()
5/8Pisa
5. Pisa, Italy Best known for its titular leaning tower, the Tuscan city of Pisa is also home to over 20 ancient palaces, churches and bridges, making it a popular tourist destination. For those who want their stay in Pisa to be luxurious - and properly upright - top-tier rooms averaged only $183 a night in 2012.![<b>6. Brussels, Belgium</b><br>The Belgian capital is a major hub of international politics, yet the endless parade of government officials and diplomats obviously hasn't driven up room rates too badly, as the average daily rate for five-star accommodations is only <b>$186</b>. At that rate, you might as well try the waffles in the morning.]()
6/8Highest income tax rate: 50% Average 2010 income: $52,700 Belgium’s highest tax rate of 50 percent is 5 percentage points higher than the average for Western Europe, which has the highest personal tax rates of any region globally. The highest marginal tax rate kicks in at $46,900 of income. The country’s employee social security rate is 13 percent with employer contributions at 35 percent. Municipal taxes can be up to 11 percent of income, while nonresidents pay a fixed 7 percent rate. Capital gains tax is either 16.5 percent or 33 percent, though taxpayers can get some exemptions. For expatriates, if an executive travels 25 percent of their time on business, then the top marginal tax rate can be reduced to 40 percent of income. Belgians have the highest tax and social security burden, according to a recent OECD study. In 2011, single taxpayers with an average income took home less than 45 percent of what they cost their employer. Taxpayers at higher earnings took home less than 40 percent. According to the study, the overall tax burden increased for all types of households in the country in 2011. Pictured: Grote Markt in Brussels Photo: Juergen Ritterbach | Getty Images
6. Brussels, Belgium
The Belgian capital is a major hub of international politics, yet the endless parade of government officials and diplomats obviously hasn't driven up room rates too badly, as the average daily rate for five-star accommodations is only $186. At that rate, you might as well try the waffles in the morning.![<b>8. Bangkok, Thailand</b><br>The sprawling, vibrant and exotic Thai capital, despite being named the "World's Best City" by <i>Travel & Leisure</i> magazine, is still home to affordable luxury hotels, averaging <b>$199</b> a night.]()
7/8Bangkok
8. Bangkok, Thailand
The sprawling, vibrant and exotic Thai capital, despite being named the "World's Best City" by Travel & Leisure magazine, is still home to affordable luxury hotels, averaging $199 a night.![<b>9. Tallinn, Estonia</b><br>Often overlooked, the capital of the Baltic state of Estonia is home to a burgeoning technology industry and its pristine Old Town is a UNESCO World Heritage Site. Five-star accommodations in this hidden gem averaged only <b>$201</b> a night in 2012.]()
8/8World's best-performing stock markets this year
9. Tallinn, Estonia
Often overlooked, the capital of the Baltic state of Estonia is home to a burgeoning technology industry and its pristine Old Town is a UNESCO World Heritage Site. Five-star accommodations in this hidden gem averaged only $201 a night in 2012.
Updated
Want to stay in a posh pad without paying a pretty penny? Hotels.com's Hotel Price Index ranked the cities with the cheapest five-star hotel rates, so you can put on the Ritz without putting yourself in debt.
