Connect with us

Banking

Bangkok among Top Destinations For Dining (3rd) & Shopping (6th)

Boris Sullivan

Published

on

With Global Destination Cities Index: Indulgences, Mastercard takes a deep dive into where visitors spend the most on dining and shopping around the world.

The Mastercard Global Destination Cities Index ranks 162 cities in terms of total international overnight visitors and the amount spent by visitors in the destination cities in 2017.

With Mastercard Global Destination Cities Index: Indulgences, we look at the amount spent within those cities on dining and shopping. The amount isn’t insignificant, nor is the impact those dollars have on cities’ local economies and the wallets of travelers who go there.

Top cities for dining

Whether it be Emirati Harees in Dubai, paella in Palma de Mallorca, pad Thai in Bangkok or champagne in Paris, people are eating—and spending—in these four cities more than any others.

Cities such as Singapore and London are also in the top 10 for overall food and beverage spend, but it’s worth noting that travelers are spending a lower percentage of their travel budgets on food in those cities (12.9% and 17.6%), respectively.

Top Global Cities for Dining, Ranked by Dollars Spent

City2017 Expenditure on Food & Beverage (US$ billions)2017 Expenditure (US$ billions)2017 Share of Overall Expenditure Spent on Food & Beverage
1Dubai, UAE$5.94$29.7020.0%
2Palma de Mallorca, Spain$3.78$11.9631.6%
3Bangkok, Thailand$3.37$16.3620.6%
4Paris$3.20$13.0524.5%
5New York$3.20$16.1019.9%
6London$3.08$17.4517.6%
7Santa Cruz de la Palma, Spain$2.44$8.4328.9%
8Tokyo$2.41$11.9120.3%
9Istanbul$2.23$6.7533.0%
10Singapore$2.20$17.0212.9%

Top cities for shopping

GDCI: Indulgences reveals that travelers are also spending big in Dubai and London when it comes to shopping, whether purchasing clothes, souvenirs or other goods.

That said, visitors to London, Seoul and Johannesburg, in particular, might want to bring a bigger suitcase. International travelers to all three are spending at least 40 percent of their travel budgets on shopping.

Top Global Cities for Shopping, Ranked by Dollars Spent

City2017 Expenditure on Shopping (US$ billions)2017 Expenditure (US$ billions)2017 Share of Overall Expenditure Spent on Shopping
1Dubai, UAE$8.91$29.7030.0%
2London$8.54$17.4549.0%
3Makkah, Saudi Arabia$5.76$18.4531.2%
4Tokyo, Japan$5.13$11.9143.1%
5Singapore, Singapore$4.70$17.0227.6%
6Bangkok, Thailand$3.75$16.3622.9%
7Seoul, Korea$3.42$7.2147.4%
8New York$3.40$16.1021.1%
9Kuala Lumpur, Malaysia$2.69$8.5931.3%
10Paris$2.42$13.0518.5%

There are eight cities on the top list for dining and seven cities on the top list for shopping that are also a part of the Mastercard Priceless Cities experiential travel platform where travelers from over 90 countries can access unique and unforgettable experiences in over 40 cities around the world.

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Banking

Thai central bank steps in to curb baht price’s surge

The baht has risen about 5.6 percent against the US dollar this year, becoming Asia’s best performing currency, putting more pressure on Thailand’s export-driven economy at a time when global demand is cooling

Avatar

Published

on

The Bank of Thailand is taking measures to control short-term capital inflows, while continuing to relax restrictions on outflows to cope with the strong baht, according to minutes of a policy meeting last month.

(more…)
Continue Reading

Banking

SCB cuts GDP growth forecast to 3.1%

The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China

National News Bureau of Thailand

Published

on

SCB cuts GDP growth forecast to 3.1%

Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war between the United States and China has affected exports, tourism and investment.

(more…)
Continue Reading

Banking

Political uncertainty takes toll on Thai growth

The country’s growth rate is projected to fall from 4.1 percent in 2018 to 3.5 percent in 2019, according to the World Bank’s Thailand Economic Monitor, released today.

Olivier Languepin

Published

on

According to the World Bank’s Thailand Economic Monitor (July edition), risk to the economic outlook in Thailand are primarily domestic.

(more…)
Continue Reading

Most Read

Upcoming Events

Nov 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 10,903 other subscribers

Trending