Paris, Singapore and Hong Kong are most expensive cities in the world while Delhi, Chennai and Bengaluru are among the cheapest places to live, according to the Economist Intelligence Unit’s 2019 Worldwide Cost of Living Survey.
The three top cities are tied at the top spot, CNN quoted the annual survey as saying. It evaluated the cost of over 150 items in 133 cities around the world.
Zurich, Switzerland, was placed at fourth position. Japan’s Osakashared the fifth place with Geneva, also in Switzerland.
Seoul (South Korea) and Copenhagen (Denmark) and New York (US) were jointly placed at the seventh spot.
Los Angeles (US) was named the 10th most expensive city in the world, along with Israel’s Tel Aviv.
The world’s cheapest cities include Caracas (Venezuela), Damascus (Syria), Tashkent (Uzbekistan), Almaty (Kazakhstan), Karachi (Pakistan), Lagos (Nigeria), Buenos Aires (Argentina) as well as the three Indian cities of Bengaluru, Chennai and Delhi. (IANS)
While there has been significant movement in visitors to smaller cities, the top 10 have remained largely consistent over the past decade, with London, Paris and Bangkok grabbing the top three spots, according to a new report.
The top three overseas destinations for Indian travellers are Dubai, Singapore and Mecca, revealed the Mastercard Global Destination Cities Index 2019 which ranks 200 cities based on proprietary analysis of publicly available visitor volume and spend data.
Since 2009, the number of international overnight visitors grew an astounding 76 per cent, according to the report.
In 2019, Bangkok became the No. 1 destination for the fourth consecutive year, with more than 22 million international overnight visitors.
Paris and London, in flipped positions this year, hold the No. 2 and 3 spots respectively, both hovering over 19 million.
When looking at the cities by dollars spent, Dubai tops the list with travellers spending $553 on an average per day. Mecca, new to the top 10 last year, remains at No. 2 for the second consecutive year, with Bangkok rounding out the top three.
Between all of the destinations within the Index, arrivals have grown on average 6.5 per cent year-over-year since 2009, with expenditure growing on average 7.4 per cent, said the report.
Cities in the Asia-Pacific region have seen the largest increase in international travellers since 2009, growing 9.4 per cent.
In comparison, Europe, which saw the second highest growth, was up 5.5 per cent.
This is spurred by the growth in Chinese travellers. Since 2009, China has jumped up six places to be the No. 2 origin country for travellers to the 200 included destinations – behind only the US, said the report. (IANS)