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 Baht currency control mulled by central bank

The Industry Minister proposed measures to help business owners, such as the promotion of Thai Baht as a currency for international trade to reduce the risks from US Dollar currency fluctuation

National News Bureau of Thailand

Published

on

BANGKOK, 15th August 2019 (NNT) – The Minister of Industry has held talks with the Bank of Thailand’s Governor over measures to control the fluctuation of Thai Baht currency, minimize impacts faced by SMEs and promote the import of machinery during this time to take advantage of the stronger currency.

(more…)
Continue Reading

Banking

Thailand’s dangerous debt addiction

Thailand is now a top-ten highest household debt country among 89 countries worldwide and third highest among 29 Asian countries.

Olivier Languepin

Published

on

Thailand’s household debt has steadily increased to 78.6% of the country’s gross domestic products (GDP), or Bt12.8 trillion in the fourth quarter of last year, according to figures from the National Economic and Social Development Council.

(more…)
Continue Reading

Banking

Thailand’s four challenges : Debt, inequality, plastics and climate change

Thais tended to get into debt faster, for longer and for higher amounts. Indebtedness starts as soon as they begin to work at age 25 and can increase until 56 years old.

Avatar

Published

on

Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the Future of Corporate Governance”, delivered at the Finance and Beyond National Director Conference 2019 in Bangkok (July 24th), said Thailand faces four challenges that require good governance in businesses to address.

(more…)
Continue Reading

Most Read

Upcoming Events

Sep 19

ASEAN (Bangkok)Toys and Preschool Expo

September 19 @ 10:00 am - September 21 @ 7:00 pm BMT
Oct 16

GovInsider Live

October 16 - October 17
Nov 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT
Dec 05

The Healthcare+ Expo Taiwan

December 5 @ 9:00 am - December 8 @ 5:30 pm BMT

Press Release

Subscribe via Email

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

Join 11,081 other subscribers

Trending