Though it dropped from last year’s position at No. 3, Copenhagen maintains its shiny price tag, according to U.S. News & World Report. Be prepared to spend a pretty penny to stay at the Royal Hotel, eat at one of the many Michelin-starred restaurants and take advantage of the high-fashion shopping, says TIME’s Global Adviser.
Budget travelers: Copenhagen is a tough city to travel through on a shoestring budget, but if you insist on enjoying the nightlife, check out the Guardian‘s list of affordable hangouts.