The Strategist

Ten most expensive touristic cities


10/04/2017 - 12:12



Expenditures of foreign tourists in different countries are growing at a level of GDP growth rates or even higher, a new study from Mastercard says. The company has studied 132 cities of the world in terms of their attractiveness for travel and tourist expenses. These cities can become engines of economic growth in their countries, the analysts emphasize.



Gary Ullah
Gary Ullah
1. Dubai

Dubai turned out to be the most expensive city in 2016. There, tourists spent $ 28.5 billion (spending increased by 10% for a year).

2. New York

The second place is taken by New York, where tourists left $ 17 billion (+ 1.5% compared to the previous year).

3. London

The capital of Great Britain closes the top-three of the leading cities for the maximum spending. Shopping was the main part of expenditures for tourists in the city. In general, London is known as an expensive city for travelers. In May, Deutsche Bank made a list of prices for romantic, but inexpensive meetings in 47 cities around the world. Spending a day together in London will cost $ 127.9.

4. Singapore

Mastercard’s experts calculated that tourists spent $ 15.7 billion in Singapore in 2016 (0.3%). For example, each traveler leaves an average of $ 96 per night in private accommodation in Singapore. On the other hand, those wishing to see the city can save on transport - this line of expenses accounts for only 4.6% of overall spending.

5. Bangkok

Spending of tourists using Mastercard in Bangkok rose 10.9% year-on-year to $ 14 billion.

6. Paris

Travelers spent $ 12 billion in the capital of France. Accommodation is the largest expense item in Paris (44.8%). The city is the largest market in the world for Airbnb. High competition among landlords, which is supposed to restrain prices, is compensated by the fact that the company takes taxes from them at the request of the mayor's office to transfer to the budget.

7. Tokyo

Foreign tourists spent $ 11.3 billion (+ 3.7%) in Tokyo. This is one of the fastest growing cities in terms of spending travelers in the world. 

8. Taipei

Travelers spent $ 9.9 billion in Taipei in 2016 (an increase of 7%).

9. Seoul

Tourists left $ 9.4 billion (+ 1.8%) in the capital of South Korea. Most of the funds in Seoul are spent on food (47%), analysts say.

10. Barcelona

Tourists spent $ 8.9 billion for the year in Barcelona (+ 7%).

source: mastercard.com