Karachi, Islamabad among least expensive cities in the world

Published on: 30/06/2019 | Comments: No comments 

A new survey on the living costs across the world is out, and it names two Pakistani cities, Islamabad and Karachi, among the least expensive metropolitans.

The survey report, issued by Mercer every year, listed Islamabad on the 203rd number in the list of most expensive cities. Karachi was four slots behind on the 207th spot.

For the second consecutive year, Hong Kong remained the world?s most expensive city, according to the report. It was followed by Japan?s capital Tokyo on the second spot, while Singapore stood third in the list.

South Korea?s capital city Seoul was recorded as world?s 4th most expensive city to live in; Switzerland?s Zurich was on fifth, China?s Shanghai 6th, Ashgabat (Turkmenistan) on 7th, and China?s capital Beijing was on the 8th spot.

New York was reported to be the 9th most expensive city in the survey, followed by Shenzhen in China at 10th place.

Interestingly, eight out of the first ten entries were from Asia. Last year, the number was 6. Only two cities from Europe and America made it to the top ten.

The rankings are based on the data collected from 209 cities around the world by measuring the cost of over 200 items in each city ? including housing, transport, food, clothing, household goods, and entertainment. ..? Source

Fastest growing cities for tourism GDP around the world revealed

Published on: 23/10/2018 | Comments: No comments 

AFP Relax News

Cairo

Thanks to a return to political stability, increased security and the removal of sanctions, cities like Cairo, Istanbul and Antalya made significant comebacks in travel and tourism last year, topping a new list of the 10 fastest growing cities by GDP.

According to the latest City Travel and Tourism Impact Report published by the World Travel and Tourism Council, Cairo experienced the most impressive comeback in 2017, registering a 34 percent spike in travel and tourism GDP.

But analysts?point out that the growth is linked to a recovery from a prolonged period of decline which started?during?the Arab Spring and was exacerbated by terror attacks and the Russian Metrojet plane crash in 2015 which killed all 224 people on board.

While tourism in Cairo may be on the rise, it remains well below its 2010 peak, the report explains.

Meanwhile, analysts also made a list projecting the top 10 cities over the next decade, which predicts that the fastest growing travel and tourism markets for GDP will be dominated by cities in China. Of the top 10 cities, six, for instance, are Chinese cities, with Chongqing leading the way.

Here are?the?top?10 fastest growing cities in travel and tourism GDP of 2017:

1. Cairo 34.4%
2. Macau SAR 14.2%
3. Istanbul 13.1%
4. Dublin 11.5%
5. Chongqing 11.3%
6. Manila 11.0%
7. Beijing 10.7%
8. Shanghai 10.5%
9. Guangzhou 10.3%
10. Antalya 9.2%

?.. Source