London has beaten both New York and Paris for the title of World’s number one destination city, with an expected 20.1m inbound passengers visiting the capital this year.
According to a recent survey by credit card company Mastercard, foreign business and leisure visitors to London are expected to spend a record £15.58bn (US$25.6bn) this financial year.
“London has yet again proved it is the epicentre of global trade and the best world city to do business with,” said Mayor of London Boris Johnson.
The survey also found he city attracts more diverse visitors than its counterparts with the top 40 origin cities for London collectively accounting for only 60 per cent of visitors. This is compared to over 80 per cent in rival destinations such as New York.
The top 10 destinations:
- London with 20.1m visitors
- Paris with 18.1m visitors
- Bangkok with 11.5m visitors
- Singapore with 11.4m visitors
- Hong Kong with 10.9m visitors
- Madrid with 10.1m visitors
- Istanbul with 9.4m visitors
- Frankfurt with 8.4m visitors
- Dubai with 7.9m visitors
- Rome with 7.9m visitors
In related news, a Westminster think-tank claims the UK’s international competitiveness has “plummeted since 1997”.
The UK fell from 9th to 22nd in the world competitiveness yearbook, published by the Institute for Management Development and from 7th to 12th in the World Economic Forum’s global competitiveness report.
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