With a Decade of Destination Insights, Mastercard Shows the Dramatic Rise in International Travel—and the Particular Growth of the Asia-Pacific Region
Over the past ten years the world has seen economic ebbs and flows, evolving global competition and partnership, and boundless technological innovation. But, one thing has remained constant: people’s growing desire to travel the world, visit new landscapes and immerse themselves in other cultures. Mastercard’s Global Destination Cities Index, released today, quantifies this desire: since 2009, the number of international overnight visitors grew an astounding 76 percent.
This year, the Global Destination Cities Index—which ranks 200 cities based on proprietary analysis of publicly available visitor volume and spend data—reveals that Bangkok remains the No. 1 destination, with more than 22 million international overnight visitors. Paris and London, in flipped positions this year, hold the No. 2 and 3 spots, respectively both hovering over 19 million. All top ten cities saw more international overnight visitors in 2018 than the prior year, with the exception of London, which decreased nearly 4 percent. The forecast for 2019 indicates across-the-board growth, with Tokyo expecting the largest uptick in visitors.
When looking at the cities by dollar spent, Dubai tops the list with travelers spending USD $553 on average a day. Makkah, new to the top 10 last year, remains at No. 2 for the second consecutive year, with Bangkok rounding out the top three.
Notably this year, the Global Destination Cities Index offers a decade of insights to consider, with three key trends standing out.
|The Global Top 10 Destination Cities in 2018|
|2018 International Overnight Visitors||Growth Forecast for 2019||Average Length of Stay||Average Spend Per Day (USD)|
|Bangkok||22.78 million||3.34%||4.8 nights||$184|
|Paris||19.10 million||2.24%||2.5 nights||$296|
|London||19.09 million||3.47%||5.8 nights||$148|
|Dubai||15.93 million||1.68%||3.5 nights||$553|
|Singapore||14.67 million||4.0%||4.2 nights||$272|
|Kuala Lumpur, Malaysia||13.79 million||9.87%||5.7 nights||$142|
|New York||13.60 million||2.94%||7.9 nights||$152|
|Istanbul||13.40 million||8.14%||5.8 nights||$106|
|Tokyo||12.93 million||10.02%||5.4 nights||$196|
|Antalya, Turkey||12.41 million||8.14%||14.0 nights||$44|
|Top Cities by Dollars Spent in 2018|
|2018 International Overnight Visitor Spend (USD)||Forecast for 2019||Average Spend by Day (USD)|
|Makkah, Saudi Arabia||$20.09 billion||7.94%||$135|
|New York||$16.43 billion||2.93%||$152|
|Palma de Mallorca, Spain||$12.69 billion||3.17%||$233|
|Phuket, Thailand||$12.01 billion||9.16%||$247|
“In today’s interconnected world, travel has become an important part of how we work and how we live,” said Carlos Menendez, president, Enterprise Partnerships. “It’s critical for us to understand how travel impacts cities and destinations for the better and the challenges it poses, to ensure local leaders have the information and solutions they need to succeed.”
Addressing the challenges and opportunities of global tourism is too big a task for one organization, industry or government alone. Bringing together resources from across disciplines and sectors – public and private – helps tourism partners better understand commerce patterns and deliver more connected and inclusive experiences.
As a key technology partner for the global travel and tourism industry, Mastercard provides solutions, insights and consulting services that address destinations’ unique needs. In addition, Mastercard pioneered City Possible, the global partnerships and co-creation initiative for cities, research institutions and private sector organizations. The initiative identifies and addresses urban challenges through scalable solutions in areas such as digital inclusion and economic development.
Mastercard also works to ensure ease, simplicity and value for consumers who are hitting the road:
More information and the full reports can be found here.
The Mastercard Global Destination Cities Index ranks 200 cities based on third-party research and proprietary analysis in terms of the number of their total international overnight visitor arrivals and the cross-border spending by these same visitors in the destination cities in 2018, and gives visitor and expenditure growth forecasts.
Public data is used in deriving the international overnight visitor arrivals and their cross-border spending in each of the 200 destination cities. Forecasts are based upon the weighted average of the national level tourism forecasts and the actual 2019 monthly data at the destination level, which is available to the latest month before release.
This Index and the accompanying reports are not based on Mastercard volumes or transactional data.
The Asia Pacific Destinations Index (APDI) is a regional subset of Mastercard’s Global Destination Cities Index (GDCI). More information and the full APDI report can be found here.
PLEASE NOTE. A correction has been made to the Mastercard Global Destination Cities Index. Santa Cruz De La Palma, Spain, was mislabeled and should read Las Palmas, Spain. The data within the report remains accurate and the destination has been updated to be attributed to Las Palmas.
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.