Tuesday, January 31, 2017

Germany Top Relocation Destination After Brexit

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Global investors with operations in the U.K. looking to relocate have identified Germany as the top destination following Britain's decision to leave the European Union, according to the latest EY study.

Brexit has caused global investors to reassess their assets in the U.K., with 14 percent of foreign investors with a presence in the U.K. saying they now plan to change or relocate some of their European operations in the next three years should the U.K. leave the single market.

Germany was identified as the preferred destination for those investors moving out of the U.K. (54 percent), followed by the Netherlands (33 percent) and France (8 percent).

Already, seven in ten foreign investors say they have been impacted by Brexit, particularly with regards to operating margins, purchase costs and sales.

The financial services industry has been one of the hardest hit by the vote and remains the least optimistic about the outlook ahead. Just 12 percent say they anticipate strong growth while 6 percent are expecting to "slightly reduce" their existing presence in the region.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.


Source: Germany Top Relocation Destination After Brexit

Monday, January 30, 2017

Hacks for Getting the Most Out of European Train Travel

Purchasing attraction tickets on the train and booking your tickets in advance are just a couple of ways to optimize savings.: Young man looking out window of train at scenery © Getty Images Young man looking out window of train at scenery When avid traveler and national Catholic radio show host Teresa Tomeo visited Italy with her husband to celebrate their 25th wedding anniversary, she was shocked to find herself booted off a train at night in an unfamiliar setting. If it weren't for a fellow English-speaking traveler who advised her and her husband to get back on the train, which ultimately returned them to where they wanted to go, she says she could have been lost for hours. 

Unfortunately, Tomeo's situation is a common snag, even for the most seasoned international travelers. For this reason, U.S. News compiled expert tips from European train companies and frequent travelers to help you navigate traveling by train with ease. 

Pick Your Transportation Strategically

First, decide if traveling by train is truly the best option to get from point A to point B. Jeff Wilson, host of "Real Rail Adventures" on Public Television, says that it can sometimes be more affordable to travel by rental car, especially with a group of three or more. "When I tried to string together trains for four from Prague to Krakow to Budapest, down through Croatia and up through Slovenia back to Prague, I found them to be more expensive than renting a car for a month," he explains. Still, in major cities, train travel may be your best bet as parking fees can be cost-prohibitive, he cautions.

Services like Rail Europe, the major distributor of European rail products in North America, can help you purchase tickets in multiple destinations in Europe and can be purchased before arriving overseas. You can also purchase tickets for high-speed trains like Eurostar online ahead of time. Alternatively, you can purchase tickets at a local station in Europe.

Book Early to Cut Costs

Woman doing online booking © JackF/iStockphoto/Getty Images Woman doing online booking Melanie Albaric, marketing and communications manager for Rail Europe, advises booking your tickets early to score the best discounts. Plus, some routes and fares have limited availability and may sell out closer to your travel dates. James Cave, who writes the Portugalist.com blog, cautions that in Portugal if you book a train more than five days in advance, you can score a 40 percent savings on most routes.

Another way to cut costs is to take an overnight train. "When you wake, you'll have an entire day to see the sights," Albaric says. "Save even more by booking a couchette, which is a shared compartment with six beds. Think of it as a hostel on-the-go," she adds. Albaric also recommends traveling with at least one other person, as that allows you to book a Saver rate, which is a discount for groups of two to five passengers traveling together. But be forewarned, there are some caveats. "Discounted rates may be restrictive when it comes to refunds or changes, with less flexibility than a full fare ticket," she says.

Justin Uselton, one of the writers behind ACouplefortheRoad.com, suggests buying round-trip tickets up front, explaining that travelers can typically save 20 to 30 percent more than buying the legs separately. He also suggests looking for the local "cards," which are aimed at locals versus tourists and are less expensive. For example, get an Oyster Card for the Tube in London or a DART card when in Dublin. Multi-attraction passes like the Paris Pass and Omnia Pass, which covers sights across Rome and Vatican City, also offer free travel on local metro trains in addition to admittance to key attractions.

Seek Out Assistance

Tomeo says even Italians get confused at train stations, citing a trip where a local spent 30 minutes trying to buy tickets. For that reason, having a person on hand who speaks the local language can be invaluable to get where you want to go in the most efficient and economical way possible.

"I travel to Italy at least two times a year, and when I need to use the train, I always bring an Italian-speaking companion to the station," Tomeo says. "Many of the passages from Rome can be purchased via machine, but if you don't speak the language, you could end up in Venice when you're trying to get to Naples," she adds. You can always ask a local for assistance, but at train stations people tend to be very busy and in a hurry, so it's best to plan ahead.

Maintain Personal Safety

Woman walking through airport with wheeled suitcase. © Seb Oliver/Getty Images Woman walking through airport with wheeled suitcase. Italian trains are rampant with pickpocketing, so it's best to keep a close eye on valuables, Tomeo cautions. Uselton also advises keeping a small bag with you rather than checking it. "Pack less than you think, as most European cities are very accommodating with laundry. You simply don't need an outfit a day," Uselton explains.

Look for Family-Friendly Promotions and Perks

"With space on board to move around, traveling by train gives families a much more relaxing and enjoyable experience, and it can also be an excellent way to save money," says Jane Ashman, head of sales and business development at Eurostar. Eurostar allows kids younger than 4 to travel free, and Eurail passes offer free travel for up to two children ages 4 to 11 per adult pass holder. Plus, with the Swiss Family Card and the Swiss Travel Pass that accompanies several BritRail passes, kids under the age of 15 can travel for free or at a discount, Albaric says. Swiss trains are especially family-friendly, Wilson says, recalling a time he even traveled on a line that had a pirate-themed treasure hunt for kids to keep them entertained. 

Avoid Common Mistakes

File photo of a US passport with Visa stamps. © Yenwen Lu/Getty Images File photo of a US passport with Visa stamps. If you're planning to travel between countries, remember to carry your passport. Arriving early is also a wise idea, as departure times and routes change frequently in Italy, Tomeo says. Also, keep in mind, the latest check-in time for Eurostar routes is 30 minutes, but it's a smart idea to allow for extra time to ensure you are in the right place and ready should a train depart ahead of schedule.

Buy Your Attraction Tickets on the Train

To save time, Ashman recommends heading to the bar buffet aboard Eurostar trains, where passengers can buy metro or underground passes along with tickets to key attractions. "It means that you can get on with your trip as soon as you step off the train, without queuing for tickets," she explains. Because Eurostar has partnerships with top museums and galleries across various destinations, you can enjoy two-for-one entry to top sights simply by presenting the Eurostar ticket, Ashman says.

Copyright 2016 U.S. News & World Report

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    Source: Hacks for Getting the Most Out of European Train Travel

    Sunday, January 29, 2017

    European river cruises rank as the top international luxury “destination”

    Luxury Travel and Experiences luxury destinations, luxury experiences, luxury travel, luxury travel trends Similar Posts The 5 best places to enjoy luxurious food in Dubai Catching the massive wave in luxury travel An Introductory Guide to Wine Tasting in the Mediterranean Elegant Event Poised to Change Children's Lives in San Diego There's Now A Chance To Sleep Over At The Eiffel Tower For The First Time In 127 Years Virtuoso gives 'bullish' outlook for travel advisors TheTopTier.net is available for acquisition. Click here to request more information.  

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    Source: European river cruises rank as the top international luxury "destination"

    Saturday, January 28, 2017

    Four of Europe’s Sexiest Seaside Escapes

    Hollywood helped make the French Riviera and other European destination iconic and sexy. Moving images of starlets wading with painted toes in the Côte d'Azur tantalized or tormented us all back in the day, depending on the economic feasibility of getting crossing a sea or two. But of course these places were sensual and sensational long before movie makers stamped them with America's approval. Whether the mind's eye lands on Cannes or the Canary Islands if distance matters, the idea of Club Med or bareboating off Turkey is not nearly as distant a possibility today, as it was a couple of decades ago. With the world's sexiest and oft undiscovered seaside adventures in mind, here's a silver screen bucket list for you and your mind.

    Taliansko, Pouilles, Gargano, Vieste

    Taliansko, Pouilles, Gargano, Vieste on Italy's Adriatic coast

    Le Grotte Marine – Gargano, Italy

    The sea caves of Vieste (feature image) attract thousands of visitors each year, but most westerners have never heard of Vieste, let alone its blue flag beaches or Gargano National Park. Jutting out into the Adriatic, Gargano is famous for the labyrinth of sea caves, ravines, coves and promontories of spectacular dimensions. Located in Puglia, or the Apulia region, the famous Gargano Promontory sticks out into the Adriatic just above the heel of Italy's "boot". The area made popular as a budget destination back when, has seen a resurgence lately, and new tourists have been introduced to one of the world's most beautiful and sexiest destinations. The area around Gargano runs wild with forests, olive trees, and over 300 kinds of wild orchids, sea cliffs overlooking hundreds of secluded sandy beaches, and sea caves like the one pictured above.

    Getting there: The closest airport is at Bari, from whence travelers can take a car or use the train to Manfredonia to visit Monte Sant' Angelo and southern towns or San Severo to visit the northern coast and towns. Buses are also a great option for exploring the region, but the best way to explore the Gargano region is by car. The Gargano Peninsula is off the A14 autostrada which runs along Italy's eastern coast. State Highway SS 89 runs around the peninsula from San Severo in the north to Manfredonia in the south, making all the towns easily accessible.

    Spiaggia Dei Conigli Lampedusa

    Spiaggia Dei Conigli Lampedusa by Carmen Fiano – Public Domain

    The Beach of Rabbits – Lampedusa Island

    Proclaimed by many as the most beautiful beach in all the world, the Beach of Rabbits, just off the coast of the remote island of Lampedusa, is truly a wonder. Visitors are always enchanted by the sheer wonder of the marine environment here. Crystal clear waters with vibrant shades of blue found nowhere else, the place is a real dreamscape on Italy's Pelagie Islands in the southern Mediterranean Sea. Just 70 miles from Tunisia in North Africa, this beach is not the easiest destination to get to, and the whole bay of the Island of the Rabbits is part of the natural Reserve Island of Lampedusa, and thus heavily restricted. But if you are determined to experience one of the most intriguing and beautiful places on Earth…

    Getting there: Going by sea the lines of Siremar and Ustica Lines travel to connect Lampedusa to Trapani and to Lampedusa and Linosa, the Pelagie Islands. The island can also be reached by plane in the Summer by direct flights from Milan, Bologna, Venice and Rome, as well as from Trapani and Palermo on Sicily year round.

    Massandra Beach

    Massandra Beach in Yalta is a gem of a seaside resort

    Massandra Beach – Yalta

    Crimea's biggest, best and most interesting beach is also its busiest. Normally this would be disadvantageous where the idea of romantic seaside adventures are concerned. But for guy or girl watching, there's no place to spot either sex eyeballing one another. Besides the obvious scenic distractions, seaside sunbathing and watersports can dredge up a serious appetite, so the scores of chic restaurants along this beach come in handy. And after dark, clubbing was never better than in this Russian resort. There's plenty of shopping, historic, and natural excursion opportunities in Crimea to, if you can drag yourself away.

    Getting there: Crimea is a bit less accessible than before western sanctions hit the peninsula over the region rejoining the Federation. Flights from Moscow and other Russian cities are available, as well as ferry and cruise options. Massandra is in Yalta, so your best bet is a flight to Simferopol via connects from Moscow or some international airports depending on your city of origin.

    Kempinski Hotel Barbaros Bay Bodrum

    Actress Elizabeth Hurley shooting for her Swimwear Collection at Kempinski Hotel Barbaros Bay Bodrum

    Barbaros Beach – Turkey

    This beach is listed among the "World's Sexiest Beaches" by Conde Nast, so don't just take our word for it. But the editors at that famous magazine laud Bodrum's crazy nightlife, this unique beach and the romantic atmosphere, the magazine overlooks the obvious. Surrounded by the majestic Taurus mountains, Barbaros has a distinctly eastern spirit, coupled with a Mediterranean lifestyle. The place is in constant flux in between the sensual pleasures of nightlife and romantic electricity, and the natural paradise that surrounds. Indescribable is the only word that fits. Kempinski's Hotel Barbaros Bay is a spectacular example of luxurious resort life, and the new Nikki Beach Resort & Spa Bodrum that opened a couple of years ago further attests to the place's appeal.

    Getting there: There are currently no direct international fights to Bodrum, so the best option is to fly into Istanbul. While direct charters from the UK and elsewhere are possible in Summer, most travelers opt for shared taxis, letted cars or buses to Bodrum. Ferries from Kos and from Rhodes also carry many visitors. Dalaman and Izmir Airports are 3 hours away, and provide other options.

    Additional image credits: Many thanks for the shots of carmen fiano in public domain.


    Source: Four of Europe's Sexiest Seaside Escapes

    Friday, January 27, 2017

    Survey: European river cruises rebound with luxury travelers

    Here are the top luxury travel destinations and latest luxury travel findings from Travel Leaders Group's recent survey:

    Top Luxury Travel Destinations (Outside) North America

       

    1

    Cruise – Europe (River)

    2

    Italy

    3

    Cruise – Europe (Mediterranean)

    4

    Australia

    5

    France

    6

    England

    7

    Cruise – Europe (Baltic)

    8

    Ireland

    9

    Bora Bora

    10

    Cruise – Australia/New Zealand

    11

    United Arab Emirates

    12

    Spain

    13 (tie)

    Iceland

    13 (tie)

    South Africa

    15 (tie)

    Cuba

    15 (tie)

    Turks & Caicos

    Top Luxury Travel Destinations within North America

       

    1

    Cruise – Caribbean

    2

    Mexico

    3

    Dominican Republic

    4

    Jamaica

    5

    Costa Rica

    Booking Insights for Top Dream Destinations

    "We know that Australia, Italy, Ireland, and New Zealand are among Americans' top dream destinations, according to our proprietary surveys of the traveling public over the years," stated Gail Grimmett, President of Protravel International and Tzell Travel Group, both renowned for their best-in-class luxury travel agent advisors. "High-end travelers don't just dream, they go – with the assistance of our experienced travel agents. For Italy, agents from both Protravel and Tzell report their luxury travelers continue to return to Rome, Florence and Venice, but they are also seeking out itineraries that include the Amalfi Coast, the Lake District, and Portofino or Cinque Terre in the Italian Riviera."

    Italy: When asked, "Which of the following Italian itineraries are you booking the most for your affluent clientele in 2017?" it is clear that the major Italian cities continue to mesmerize. The top responses were:

    1

    Rome, Florence (Tuscany) and Venice

    2

    Amalfi Coast – Amalfi, Positano, and Ravello

    3

    Rome and Vatican City

    4

    Tuscany – Florence, Chianti, Siena

    5

    Venice

    The Italian Riviera, Italy's Lake District, Milan, the Dolomites and Sicily round outthe Top 10 among most-booked Italian itineraries.

    Australia: When asked to identify the most popular Australian cities and regions being booked by their affluent travelers, Travel Leaders Group's luxury travel agents identified:

  • Sydney
  • Great Barrier Reef
  • Melbourne
  • Cairns
  • Brisbane
  •  Those were followed by the Australian Outback, the Gold Coast, Uluru (Ayers Rock), Queensland and the Blue Mountains to round out the Top 10.

    New Zealand: Luxury agents also stated that their clients booking New Zealand most often visit:

  • Auckland
  • Queenstown
  • Milford Sound
  • South Island
  • Rotorua
  • The rest of the Top 10 is rounded out by: the North Island, Bay of Islands, Marlborough wine region, Hawke's Bay wine region and Napier.

    Ireland: Ireland is also considered a dream destination for many Americans.  Travel Leaders Group's affluent clients most often visit:

  • Dublin
  • Killarney
  • Ring of Kerry
  • Cliffs of Moher
  • Cork
  • Luxury Travel Bookings in 2017:

    When Travel Leaders Group luxury travel agents were asked to compare their overall 2017 luxury travel bookings so far to their luxury travel bookings at this time last year, over 81% of those surveyed say bookings are higher than or on par with 2016.

    These luxury travel trends are part of a comprehensive travel trends survey of 1,689 U.S.-based travel agents from Travel Leaders Group's flagship Travel Leaders brand and All Aboard Travel, Cruise Specialists, Nexion, Protravel International, Travel Leaders Corporate, Travel Leaders Network, and Tzell Travel Group.


    Source: Survey: European river cruises rebound with luxury travelers

    Thursday, January 26, 2017

    Top 100 City Destination Ranking 2017

    Euromonitor International is pleased to release its annual Top City Destinations Ranking, covering 100 of the world's leading cities in terms of international tourist arrivals. Arrivals continued to grow in global urban centres in 2015, illustrating the continued economic importance of tourism to the world's largest cities. Once again, the top cities outperformed global travel flows, with inbound city arrivals to the top 100 cities growing by 5.5% between 2014 and 2015. This is compared to global inbound arrivals growing by 4.3% in the same period.

    Rank City Country Region International arrivals ('000s) % Increase 2014/2015 2014 2015

    1

    Hong Kong Hong Kong, China Asia Pacific 27,770.5 26,686.0

    -3.9

    2

    Bangkok Thailand Asia Pacific 17,031.7 18,734.9

    10.0

    3

    London UK Western Europe 17,404.0 18,580.0

    6.8

    4

    Singapore Singapore Asia Pacific 16,795.6 16,869.4

    0.4

    5

    Paris France Western Europe 15,058.1 15,023.0

    -0.2

    6

    Macau Macau Asia Pacific 14,566.0 14,308.5

    -1.8

    7

    Dubai United Arab Emirates Middle East and Africa 13,200.0 14,260.0

    8.0

    8

    Istanbul Turkey Western Europe 11,843.0 12,414.6

    4.8

    9 New York City US North America 12,230.0 12,300.0

    0.6

    10 Kuala Lumpur Malaysia Asia Pacific 11,629.6 12,153.0

    4.5

    Source: Euromonitor International

    To view the complete Top 100 City Destinations Ranking and for further insights, download the free report HERE.

    Chinese travellers determine success and failure of Asian cities

    Hong Kong remained the top city destination by some margin, despite falling arrivals. The close proximity to and rapidly rising disposable incomes in China mean that Hong Kong remains a key destination for Chinese travellers. However, Hong Kong faces increasing difficulties in maintaining its attractiveness, especially amongst younger Chinese travellers, amid rising tensions between Hong Kong residents and the Chinese ruling party. A decade of rapid growth in arrivals from China came to a halt in 2015, with the number of visitors from the country falling by 6%.

    Macau is another city highly dependent on Chinese travellers, but registering falling arrivals after years of strong growth. In 2015, arrivals declined by 1.8% as the Chinese authorities cracked down on corruption and illegal activity on the gambling tables that Macau is famous for. This reduced the number of VIP gamblers, which had a direct impact on gaming revenues and on the tourism market as a whole.

    Two countries benefiting greatly from the declining popularity of Hong Kong and Macau were Thailand and Japan. Thailand was further boosted by a more stable political situation, which had suppressed growth in 2014. Bangkok benefited with growth of 10% in international arrivals, resulting in a jump to be ranked as the second largest city. It is likely Bangkok would have registered even stronger growth, but for the Erewan Shrine bombing in August 2015, which saw several countries, including Singapore and the Philippines, issue travel advice urging citizens to take all necessary precautions for personal safety when they are in Thailand.

    Another five Thai cities are present in the top 100, with Chiang Mai in particular showing a strong performance. The number of arrivals to the city grew by 40% between 2014 and 2015, albeit from a much smaller base than Bangkok, Phuket and Pattaya. Chiang Mai is a northern city especially popular between December and February, when the climate is cool and plants are in bloom.

    Japanese cities saw even more impressive growth than their Thai counterparts. The number of Chinese visitors travelling to Japan almost doubled in 2015, with Chinese visitors surpassing travellers from South Korea as the most important source market. The Japanese government is strongly focused on increasing the number of inbound tourists, with this being a major goal in the build-up to Tokyo hosting the Olympic and Paralympic Games in 2020. Strong promotional campaigns, a weak yen, easing visa regulations and the October 2014 deregulation of tax-free shopping all attracted mainly Asian tourists to Japan.

    Cities including Tokyo, Osaka and Kyoto benefited greatly from this rise in arrivals. Tokyo rose six places to rank 17th, and Osaka and Kyoto made considerable jumps to rank 55 and 89, respectively. These cities benefit from the popular Golden Route, which sees overseas tourists arrive in Tokyo, and travelling to Kyoto and Osaka via Mount Fuji. Other cities are also expected to show strong growth in the future, as decentralisation is a strong focus for the Japan National Tourism Organisation. Nagoya and Fukuoka saw strong growth, but did not make it into the top 100. This might change as Nagoya is a central destination in the new Dragon Route introduced in 2015, while Fukuoka is turning into a major cruise hub for Chinese travellers looking to shop.

    London facing uncertain times

    London closes out the top three of the ranking, with international arrivals growing just short of 7% in 2015. Arrivals were boosted by England's hosting of the Rugby World Cup in September 2015. Despite this positive result, there are many question marks surrounding London and the UK. The UK's decision to leave the EU has led to high levels of uncertainty, casting dark shadows over the UK economy. The depreciation of sterling will constrain the UK outbound market significantly, but is expected to result in a bumper year for London inbound tourism in 2016.

    What will follow for London is uncertain, but 2017 will likely see the triggering of Article 50, and if a disorderly Brexit follows (where the EU and UK do not come to an agreement), Euromonitor International's macro model points at a recession in 2017 and to potentially 2 million fewer international arrivals to the UK by 2020. The long-awaited decision by the UK parliament to back the building of a third runway at Heathrow Airport might provide much-needed additional capacity, but this will come too late to compensate for the potential Brexit fallout.

    Geopolitical turmoil and terrorism impacting the Middle East

    A number of cities, including Cancun, Sharm el Sheik and Antalya, saw a strong decline in Russian arrivals as the financial collapse of the Russian ruble continued. Russian arrivals registered a 13% decline to Turkey, especially impacting beach destinations like Antalya and Mugla. The war in Syria, increasing terrorist attacks in Turkey during the summer of 2015 and a deteriorating political image since the Gezi protests further exacerbated the declining arrivals trend. Istanbul performed well, especially with business travellers, but, with the 2016 bombing of Atatürk Airport, the military coup and the New Year's Eve attack, 2016 arrivals are expected to fall sharply.

    The October bombing involving a Russian plane stopped tourism to Egypt in its tracks due to the introduction of travel bans and negative advisories. Many Russian and European tourists opted to go elsewhere for the remainder of the year as a result of security concerns, and Egypt is expected to continue to struggle in 2016. Sharm el Sheik in particular, the departure city of the doomed airplane, saw the effects of tour operators axing flights to the city, resulting in a decline of 7.5% in inbound arrivals in 2015.

    Tunisia also fell on hard times following multiple terrorist attacks in 2015, including at a museum in Tunis in March and the shooting on the beach of a well-known resort in Sousse in June 2015. The impact on tourism was unprecedented and the worst experienced by the country. Jerba is the only Tunisian city in the top 100 ranking, but all cities in the country registered double-digit declines, with Sousse experiencing a decline of 61% compared to 2014.

    Western Europe tourism shaped by terrorist attacks

    The Middle East was not the only region impacted by terrorist attacks. Paris saw the Charlie Hebdo attack in January 2015, and the attack on the Bataclan and other areas of Paris at the end of 2015. Arrivals data from early 2016 shows that the November attack had a significant impact, but, due to the smaller scale of the January attack, Paris arrivals only declined marginally in 2015. A slight impact was also felt at Marne-La-Vallée, the home of Disneyland, just 10 kilometres outside Paris.

    Beyond Paris, two other cities that can expect declines in 2016 are Nice and Brussels. Both cities were targeted by terrorists in 2016, with Brussels and nearby Zaventem experiencing bombings in March 2016, and Nice having to come to terms with the cargo truck attack in July 2016.

    Signs of resilience

    Despite these attacks, tourism remains highly resilient. Countries with a comparable offering to France, Turkey, Egypt and Tunisia saw booming international arrivals. Especially Spain, Greece, Portugal and Italy attracted growing numbers of visitors. With the exception of Heraklion on Crete and Rhodes, which continued to be impacted by the continuing migrant crisis, all cities in these countries showed strong growth.

    While 2015 was marked by various negative events in Greece, such as the political instability caused by the country's lengthy negotiation with its lenders over the first half of the year, the imposition of capital controls and the 5 July referendum, Athens had another record year, with arrivals growing by 22.6% in 2015. In order to attract tourists from new countries in Europe during the winter period, Athens International Airport, along with Marketing Greece, launched a promotional campaign called "Speak Athenian. Be an Athenian", to promote Athens as a city-break destination. Trivago ranked Athens as one of the cheapest and 24th of the 50 most popular European Christmas destinations in 2015.

    In Italy, Rome remained the favourite city with 9.6 million trips in 2015, but Milan performed strongly thanks to the Expo Milano 2015. The Expo event counted more than 21 million visitors and it attracted many international arrivals, especially during the summer months. In Spain, Barcelona and Madrid performed well, despite growing protests (especially in Barcelona) against the negative impacts of mass tourism.

    Health scares impact demand

    International arrivals to Seoul fell in 2015 due to the spread of MERS, with arrivals particularly impacted from June to August, as the number of patients affected by MERS rose rapidly. Chinese and Japanese tourists account for the majority of inbound arrivals to South Korea, but MERS and the weak yen decreased South Korea's attractiveness. The South Korean government was keen to boost inbound tourism by holding a Korean version of Black Friday and by offering taxation benefits to international visitors, but this initiative was unable to turn round the negative performance.

    Another pandemic, the Zika virus, potentially impacted arrivals to Brazil. The country, however, had to cope with other factors – including an economic downturn and the absence of a mega-event in 2015 – which impacted inbound arrivals. While Rio de Janeiro was the fastest-growing city in last year's ranking (mainly due to the 2014 World Cup), in 2015 the city dropped out of the ranking again due to a 28% fall in international arrivals. The city might bounce back in 2016 with the Olympic Games, which, despite Zika and issues around the organisation of the event, was generally seen as a success.

    Middle East cities perform strongly, Africa remains underrepresented

    The Middle East and Africa region has 12 cities in the top 100, with the vast majority in the Middle East and North Africa. Johannesburg is the only city from the rest of the African continent which makes it into the ranking.

    Top performer for the region is Dubai, which ranks seventh and continued to see steady growth in 2015, with an 8% increase in inbound arrivals. The city is benefitting from years of extensive investment in state-of-the-art and world-leading infrastructure, luxury shopping, hotels and entertainment.

    Mecca in Saudi Arabia was the strongest performer in the region, as 2015 saw strong growth in the number of religious tourists flocking to the city. Overall arrivals to Saudi Arabia stalled, however, which led the government to launch the Post-Umrah Programme, an initiative which allows pilgrims to convert their visas into tourist visas, in the hope that religious visitors extend their stay in the country. Umrah visa holders are no longer restricted to only visiting Mecca and Al Madinah, and can also see the country's landmarks, historical sites, tourist attractions and shopping centres.

    Cities in Americas benefit from stability in the region

    No major news stories impacting tourism in North America meant that city arrivals in the US and Canada grew steadily across the board. New York City, the top destination for international travellers in the Americas, was hit hardest by the strong US dollar compared to other currencies, but the city still showed slight growth and remained in the top 10. Whether, and how, the Trump election will impact arrivals to the US (and possibly Canada as a substitute destination for travellers from across the Atlantic) will be seen in the 2016 and 2017 arrivals.

    In Latin America, one of the top performers was Lima, with growth of 9% in 2015. The city is benefitting from the improvement of the Peruvian economy and the increasing international recognition of Peru as a travel destination. In 2015, Peru was awarded, for the fourth time in a row, "Best Culinary Destination in the World" and "Best Cultural Destination in South America" by the World Travel Awards, raising positive awareness of the country and city.

    The two Mexican cities in the top 100, Cancún and Mexico City, registered considerable drops. This is not, however, representative of the country as a whole, which is actually seeing strong growth in international arrivals. One of the challenges for Mexico is finding ways to spread the economic benefits of tourism more evenly throughout the country. Towards that end, the government has been promoting a variety of destinations beyond popular resorts like Cancún and Cabo San Lucas. Instead, other cities have been heavily promoted to both business and leisure tourists, including Queretaro, Tijuana, Mexicali and Ixtapa Zihuatanejo.

    In the case of Cancún specifically, another factor is that Playa del Carmen has stolen some share. Playa del Carmen has become a trendy destination in the last few years, is about an hour away from Cancún, and has a more laidback reputation. More so than a few years ago, a lot of travellers fly into Cancún and then proceed on to Playa del Carmen, instead of staying in Cancún. Nevertheless, Cancún remains the uncontested number one destination in Mexico.

    RESEARCH METHODOLOGY Annual research programme

    Euromonitor International's Top City Destinations Ranking (2015 edition) was built from the results of the global travel research programme conducted in 58 core countries by in-country analysts, which follows Euromonitor International's methodology and definitions for travel and tourism.

    City arrivals data were sourced directly from national statistics offices, airport arrivals, hotel/accommodation stays or other methods for all 58 core countries and 77 additional market insight countries under review.

    Main secondary sources included: governmental, inter-governmental and other official sources; national and international specialist trade press and trade associations; industry study groups and other semi-official sources; and reports published by major operators, travel retailers, online databases and the financial, business and mainstream press. Trade interviews were conducted with national tourist offices, trade associations and travel operators to fill gaps in secondary research.

    Country data was then cross-checked on a regional basis by the regional research teams based in London, Vilnius, Chicago, Dubai, Shanghai, Santiago and Singapore. Examples of regional sources reviewed include TourMis for European cities. Further top-down checks were conducted by the in-house global research team. Where irregularities were found between editions, supplementary research was conducted to confirm or amend those findings. Euromonitor International is satisfied that the results of the in-country research, coupled with the top-down global perspective, ensure that the Top City Destinations Ranking is robust, with a high level of data validation.

    It is important to note that the Top City Destinations Ranking is not an exhaustive list and that its purpose is to highlight leading cities gleaned from the findings of Euromonitor International's annual research programme, with the emphasis on cities, rather than popular holiday resorts.

     

    Data Research Method City Airport Arrivals Agra, Chennai, Delhi, Jaipur, Kolkatta, Moscow, Mumbai, Punta Cana, Taichung, Taipei Airport Arrivals and Hotel / Accommodation Buenos Aires, Cairo, Sharm el-Sheikh Hotel / Accommodation Amsterdam, Berlin, Cancún, Jerba, Kuala Lumpur, Lima, Marrakech, Mexico City, Milan, Paris, Prague, Rome, Vienna National Statistics Office Athens, Auckland, Bangkok, Barcelona, Beijing, Brussels, Budapest, Chiang Mai, Denpasar, Doha, Dubai, Dublin, Florence, Frankfurt, Guangzhou, Hanoi, Halong, Heraklion, Ho Chi Minh City, Hong Kong, Honolulu, Jakarta, Jeju, Jerusalem, Johor Bahru, Krabi, Krakow, Kyoto, Las Vegas, Lima, Lisbon, London, Los Angeles, Macau, Madrid, Manama, Mecca, Melbourne, Miami, Munich, New York City, Nice, Orlando, Osaka, Pattaya, Phuket, Rhodes, Riyadh, Samui, San Francisco, Seoul, Shanghai, Shenzhen, Siem Reap, Singapore, Sydney, Tel Aviv, Tokyo, Toronto, Vancouver, Venice, Washington DC, Zhuhai Other method Antalya, Burgas, Edirne, Istanbul, Johannesburg, Marne-La-Vallée, Mugla, Pulau Pinang, Sofia, St Petersburg, Varna, Warsaw

     

    Chinese arrival inclusions

    Overnight visitors from mainland China are included in the Hong Kong arrivals data. Overnight visitors from mainland China and Hong Kong are included in the Macau arrivals data. Overnight visitors from Hong Kong, Macau and Taiwan are included in Chinese city arrivals data.

    Footnotes

    Country/City                           Notes

    All countries/cities                           Excludes day trippers and domestic visitors

    Singapore                                              Includes Malaysian citizens arriving by land, but excludes same-day visitors

    Saudi Arabia                                         Official data are for provinces only

     

    Definitions

    International arrivals by city includes visitors from abroad who arrive in the city under review as their first point of entry, and also includes those visitors to the city who arrived in the country via a different point of entry, but then go on to visit the city in question during their trip.

    Arrivals refers to international tourists, ie any person visiting another country for at least 24 hours, for a period not exceeding 12 months, and staying in collective or private accommodation. Each arrival is counted separately and includes people travelling more than once a year and people visiting several countries during one holiday. Domestic visitors are excluded. This encompasses all purposes of visit, such as business, leisure and visiting friends and relatives.

    Euromonitor International's arrivals figures exclude same-day visitors, people in transit and cruise passengers as this can distort arrival figures at important border crossings and cruise destinations, respectively. It also excludes those in paid employment abroad. Students that stay in a country for a period of more than 12 months are excluded and are considered as temporary residents. Military personnel and transportation crew are excluded, along with displaced people because of war or natural disasters.

    The ranking focuses on capital city hubs and tends to exclude beach and ski resorts that may enjoy high volumes of international visitors.

    Useful reference: http://www.euromonitor.com/travel

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    Source: Top 100 City Destination Ranking 2017