BANGKOK NAMED WORLD’S TOP TRAVEL HOTSPOT
Bangkok is this year’s number one city for travel, according to MasterCard’s third annual Global Destination Cities Index. The rankings are based on the number of international overnight visitors. By that measure, Bangkok edged out London which was the top city in 2012. Paris, Singapore and NewYork rounded out the top five in order, based on the number of international overnights.
Using travelers ’spending as the yardstick, the same cities make up the top five, just in a different order. NewYork captured the most dollars, while Bangkok ranked fourth.
A noticeable trend in this year’s report was the dominance of the Asia/Pacific region. Eight of the top 20 Top Destination Cities by international overnight visitors are in Asian countries. After Number One Bangkok, the top 20 list includes Singapore, Kuala Lumpur, Hong Kong, Seoul, Shanghai, Tokyo and Taipei.
The MasterCard Index of Global Destination Cities ranks cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2013.
The index uses custom-designed algorithms to analyze public data to derive the international visitor arrivals and their cross-border spending in each of 132 destination cities. Special attention is paid to eliminate the hub effects for destination cities such as Singapore, Amsterdam and Frankfurt. The index and the accompanying reports are not based on MasterCard volumes or transactional data.
For more information visit MasterCard.com or access MasterCard’s 2013 Global Destination Cities Index.