World Elite Flock to Budget Hotel in Davos
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The Hilton Garden Inn in Davos was the hottest hotel for elite attendees of the World Economic Forum, despite only costing $120 per night typically.
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High powered executives like Ray Dalio and Jared Kushner stayed at the budget hotel chain instead of more upscale hotels.
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The Hilton Garden Inn offers basic amenities like buffet breakfast rather than luxury services.
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Rooms at the Grandhotel Belvédère, a more upscale option, cost 50% more than usual $325-$670 rate during the World Economic Forum.
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Even high-profile attendees waited up to an hour to enter luxury hotels like the Grandhotel Belvédère due to enhanced security.