As per TripIndex Breakfast 2015, a TripAdvisor cost comparison study, Mumbai ranks 11th among the best value destinations for an overnight stay with breakfast costing Rs 9,343.92.
Accommodation without breakfast will cost Rs 8,932.44 in the city, the report added.
The TripIndex Breakfast 2015 destination list comprises of 37 key cities within the top 37 most searched countries by global TripAdvisor users over the past 12 months.
The report has compared the cost of an overnight stay with breakfast versus an overnight stay with breakfast eaten outside the hotel at a local restaurant.
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Buenos Aires (Argentina) is the best value destination in the world for Indians for an overnight stay at a four-star hotel including breakfast at Rs 4,612.63, followed by Moscow (Russia) at Rs 5,671.35, it said.
New York City (US) emerged as the most expensive hotel destination in this study with an average of Rs 34,102.66 with breakfast.
Warsaw, the capital city of Poland, has the cheapest local restaurant breakfast, at an average of Rs 301.44, while Hong Kong offers the most expensive local restaurant breakfast at an eye-watering average of Rs 2,382.25, it stated.