Attending the World Economic Forum (WEF) in Davos entails significant costs, primarily due to its exclusive, invitation-only nature. Here's a breakdown of the expenses:
Membership Fees:
Organizations typically need to be members of the WEF to receive an invitation. Membership fees vary based on the level of engagement:
Industry Partner: Approximately $263,000 annually.
Strategic Partner: Around $527,000 annually.
These fees grant organizations the opportunity to participate in WEF activities and events.
Annual Meeting Participation:
Once a member, attending the Davos meeting incurs additional costs:
Admission Fee: Approximately $19,000 per person.
Additional Expenses:
Accommodation and Logistics: Davos experiences a surge in demand during the forum, leading to high accommodation costs.
For instance, reports indicate that simple items like hot dogs can cost around $43, reflecting the overall high-expense and ripoff environment during the event.
