Hong Kong Leads Euromonitor's Top City Destinations Ranking

Hong Kong Leads Euromonitor's Top City Destinations Ranking

ID: 104236

(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 01/16/12 -- Hong Kong is now the top tourist destination worldwide trumping London, which held the leading seat in previous rankings, according to Euromonitor International's latest Top 100 City Destinations Ranking.

Hong Kong's 20 million tourist arrivals in 2010 was among the emerging city destinations in Asia Pacific that performed outstandingly well in 2010, making the top 10 cities worldwide for .

Euromonitor International's 2011 edition of its top city destinations ranking looks at 100 of the world's leading and most dynamic cities in terms of international tourist arrivals. The list is built from the results of the market research company's global travel research program. In previous editions, topped the ranking, however sluggish growth in 2010 and increased competition from other tourist destinations, put the city in third place for 2010. The city, however, remains the most popular city in Europe by far and continues to draw in visitors with its mix of entertainment options, historical sites, art galleries and restaurants.

"It's no surprise that five of the ten leading city destinations on the list are in Asia-Pacific," says Caroline Bremner, head of travel and tourism research at Euromonitor International. "The booming economy of cities like Hong Kong, increased investment in luxury travel and tourist attractions in cities like Singapore, and rising disposable incomes and improved government policies in countries like Vietnam are all key contributors to the region's popularity as a tourist destination."

Top City Destinations Ranking 2010

Source: Euromonitor International

"The condition of the global economy does leave a level of uncertainty for some major cities, including those in the US and Europe, but we do expect to see positive growth going forward, even if at a slower pace," said Bremner. "We also expect to see Asia-Pacific cities continue to steal share in tourist arrivals globally from some of the more established top cities in the world."





Euromonitor also notes that cost-conscious consumers may lead some travelers to opt for shorter trips to save money, and they will look to the Internet for the cheapest forms of transport, which may hinder the travel industry's ability to raise prices. Value for money will remain important in the future; even if consumers are willing to spend more on travel, they will make sure it is money well spent.

The report also highlights growth in tourist arrivals for Tokyo, as well as growth in Antalya, Turkey's coastal city that draws tourists with its natural beauty. Euromonitor's analysis also looks at the prospect of positive growth for hosts of the Euro 2012 football championship, the 2014 FIFA World Cup and the 2016 Olympic Games in Kiev, Sao Paulo and Rio de Janeiro, respectively.

For more information on Euromonitor's Travel and Tourism Industry Research, please visit:



To read the more on the Euromonitor top city destinations ranking and definitions of tourist arrivals please visit:



About Euromonitor International

is the world's leading provider for global business intelligence and strategic market analysis. We have more than 39 years of experience publishing international market reports, business reference books and online databases on consumer markets.

We deliver to support strategic planning for today's increasingly international business environment. Our research offers in-depth market analysis on worldwide, as well as economic, demographic and socio-economic data and insight on countries and consumers.



Contacts:
Euromonitor International
Melanie Perez
Regional Communications Manager
312-922-1115 Ex.8332

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 16.01.2012 - 12:30 Uhr
Sprache: Deutsch
News-ID 104236
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