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What are the top five cities for business travel?
Some cities are better for doing business than others, it seems. Of course, business travelers (well, professionals in general) all have their preferences. Having done my time in Omaha, Winnipeg and London (Ontario), I can tell you that some places are better than others. So, I was pretty excited to see think tank Z/Yen put out its Global Financial Centres Index (PDF), which shows the top five cities in the world in which to do business.There aren't many suprises at the top end of the list, which comes out twice a year. The rankings are determined using "five key areas of competitiveness," according to Inside Investor Relations: people, business, environment, market access, infrastructure and general competitiveness."
So, what are the top five?
Gallery: Abbey Road and the Beatles' Crosswalk
1. London
2. New York
3. Hong Kong
4. Singapore
5. Shanghai
As you can see, 60 percent of the top of the heap are in Asia, which signifies a spike in recent years. Inside Investor Relations reports that there were only three Asian cities in the top 20 when the index was first published in March 2007. Now, there are not only three in the top five but eight in the top 20, while North America has only six and Europe five.
Interestingly, the study notes that the top three are effectively tied. Inside Investor Relations notes:
The top financial center in the Middle East is Dubai, which comes in at 28th overall. It is two places above Qatar. Next are Bahrain at 49th and Riyadh at 70th, still way back in the distance.
[Photo by TJ Morris via Flickr]
2. New York
3. Hong Kong
4. Singapore
5. Shanghai
As you can see, 60 percent of the top of the heap are in Asia, which signifies a spike in recent years. Inside Investor Relations reports that there were only three Asian cities in the top 20 when the index was first published in March 2007. Now, there are not only three in the top five but eight in the top 20, while North America has only six and Europe five.
Interestingly, the study notes that the top three are effectively tied. Inside Investor Relations notes:
According to the study, however: 'there remains no significant difference between London, New York and Hong Kong... respondents continue to believe that these centers work together for mutual benefit.'
The top financial center in the Middle East is Dubai, which comes in at 28th overall. It is two places above Qatar. Next are Bahrain at 49th and Riyadh at 70th, still way back in the distance.
[Photo by TJ Morris via Flickr]
Filed under: Business, Asia, North America, Bahrain, China, Qatar, Saudi Arabia, Singapore, United States, Middle East
Reader Comments (Page 1 of 1)
liz Mar 27th 2011 10:18AM
If you are in New York on business and have limited time to see the city a great option would be to book a tour with a company like Family In New York. They specialize in custom private New York tours. Instead of navigating New York on your own during your limited free time they can make sure you get the most out of your time!