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.

Comments

Banking

APAC corporates likely to improve in 2021

Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies.

Pr News

Published

on

By

Ongoing fiscal and monetary support in both advanced and emerging markets will also aid improving conditions, but renewed lockdowns in parts of the world have stalled the nascent global economic recovery and create uncertainty around improving credit conditions.

(more…)
Continue Reading

Banking

Can Fintech drive a strong post-COVID-19 recovery in Asia?

The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.

Asian Development Bank

Published

on

To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

(more…)
Continue Reading

Banking

BoT sees mild impact of new COVID-19 wave on the economy

The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

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

Join 13,609 other subscribers

Trending