The Wealth Bulletin has compiled a new list of the World’s Top Ten Most Expensive Hotel Rooms.

Despite the past year’s financial and economic turmoil, prices at the best hotel suites have risen by an average of 10% this year.

The winner is the Royal Penthouse Suite at the President Wilson Hotel in Geneva Switzerland which charges a whopping $65,000 a night.

The Atlantis Hotel on the Palm Jumeirah in Dubai opened last Thursday with a multimillion-dollar star-spangled party, and a spectacular display of lighting and pyrotechnics.

Having spent $1.5 billion, the owners of the Atlantis hotel, which they hope will become the new symbol of excess in a region already replete with towering statements of wealth, splashed out $20 million on its opening.

In the lobby of the Atlantis about 2,000 guests sipped Dom Perignon. Outside, A-list celebrities from Robert De Niro to Lindsay Lohan walked the red carpet.