A new study demonstrates the top ten cities around the world that accommodate for business travel.
In 2020, business travel decreased by 61 per cent but still added £382 billion to the economy. According to Deloitte’s corporate travel report, the top drivers for a return to international travel are sales visits, leadership meetings and client project work.
Additionally, popular “work from anywhere models” demonstrated by brands such as Spotify, Twitter and Salesforce have created a new workforce of “digital nomads” who can vary their working location throughout the year. Indeed, in 2020 an MBO Partners study showed that almost 11 million American workers consider themselves “digital nomads”. This is up from 4.8 million in 2018.
What Makes a City Suitable for Business Trips?
The top 50 most populated cities around the world were scored on key metrics including the cost of a three-course meal, average download speeds and the number of WeWork spaces.
The research, commissioned by Dojo, also took into account average hotel costs and ratings, closest airports, average taxi fares and reported crime rates.
Watch the Video
Singapore takes the top spot with an overall index score of 79.3 out of 100. This city is considered a global hub for industries like telecommunications, finance and education. It’s also a popular choice for regional HQs for the Asia-Pacific area, with more than 40 per cent of Fortune 500 companies choosing it as their APAC headquarters.
Singapore has a high average internet speed of 85.4 Mbps and 14 WeWork spaces to choose from. A three-course meal will set you back £45.
Seoul, located in South Korea, came in a close second place with a score of 79 out of 100. This city offers rapid internet speeds of 116.86 Mbps, and is home to 17 WeWork spaces. The average airport rating is 7.66 and hotel rating is a high 8.17 out of 10.
The International Trade Administration warns business travellers that, as traffic congestion is a persistent problem within the city, this should be factored in when travelling to business appointments.
Picture: a photograph of Seoul's skyscrapers behind a "Seoul" sign. Image Credit: Pexels
Home to some of the largest companies in technology and the automotive industry, Tokyo comes in third overall with the highest internet speed of 146.53 Mbps. The average hotel rating in this city is 8.21, and it has a very low crime score of 23.37/100.
Corporate Traveller notes that Japan is still very much a cash-based society, so it’s advised that you have cash ready to pay for meals and taxis.
Delhi ranks in fourth with an overall index score of 72.3 out of 100. The price of your dinner in Delhi is one of the cheapest costing only £15 and a taxi journey is also affordable at only £1.29. However, the internet speed is just 28.59Mbps which might mean your work takes a little longer than usual.
A survey by OYO, carried out among 1,300 people in June 2022, found that Delhi was the most preferred destination for business travellers in India, closely followed by Bengaluru, Mumbai and Hyderabad.
5. Hong Kong
Hong Kong followed with an impressive 68.5 points out of a possible 100 making this city the fifth best in the world. Internet speeds of 81.97Mbps are slightly above average.
Hong Kong’s key characteristics include its open trade and investment climate and its proximity to Asian markets.
Poland is a popular location for business processing centres, shared services centres, and research and development operations.
Businesses are attracted to Poland due to its large population, competitive workforce and location affording access to the wider European Union market of 447.7 million citizens.
A night in Warsaw will cost around £61, and a three-course meal averages at £27.66.
Scoring 65.3 out of 100, Beijing is home to the largest number of Fortune Global 500 companies in the country.
A major part of Beijing’s economy belongs to the service, financial services and IT sectors.
8. São Paulo
São Paulo is Brazil’s financial capital and one of the fastest-growing cities in the world. The São Paulo Stock Exchange has become one of the ten largest exchanges in the world in market capitalisation.
Approximately 15 per cent of all tourists in Madrid are visiting for business, and the city welcomes more than one million corporate travellers every year.
FM Qualifications at the College of Central London
Qualifications are essential to gaining recognition and respect. Our mission is to provide skills and knowledge to help you achieve success in IWFM level 5 and 6. Click Image To Read More
ThisWeekinFM – Headline Media Partner
Visit our dedicated EMEX Playlist For All Our Energy Management Focus Interviews. Click Image To Read More
Rinnai's CPD On Carbon and Expenditure Savings
Rinnai’s latest CPD demonstrates carbon and cost savings achieved through investing in hydrogen blend ready and BioLPG ready continuous flow hot water heaters. Click Image To Read More
Tutum Energy Introduce Coolnomix, Energy Saver
Tutum Energy have added Coolnomix to their portfolio of sustainable solutions due to its notable success. Click Image To Read More
The First 100% Hydrogen Combustion Water Heaters
Rinnai has announced the world’s first 100% hydrogen combustion for continuous flow hot water heaters. Click Image To Read More
Rinnai on The British Energy Security Strategy
Chris Goggin examines the recently published UK “Energy Security Strategy” and what this means for customers of domestic fuel and related products. Click Image To Read More
Energy Transition Update
Multiple international governments are preparing for a transition in domestic energy supplies. Huge amounts of planning and construction is currently on-going throughout various countries. Click Image To Read More
Carbon and Economic Benefits of Zero Storage in Hot Water Systems
Rinnai’s latest CPD: Carbon and Economic Benefits of Zero Storage in Hot Water Systems, demonstrates carbon and cost savings achieved through its N Series of units offering a continuous flow water heating system. Click Image To Read More
Water Dispensers for Heatwave Wellbeing
FMs and management teams have a duty of care to staff and building users. In extreme heat such as we are experiencing right now, it’s vital to make sure people are as safe and comfortable as possible. Click Image To Read More
Free Energy Audits – Save 30% On Fuel
Rinnai is offering FREE audits of total energy costs, specifically aimed at maximising hot water delivery efficiencies thus making significant savings on fuel costs to the end-users. Click Image To Read More
Energy Transition Update
Current energy security issues are rapidly accelerating plans to incorporate alternative energies into domestic energy mixes across the world. Click Image To Read More
New Carbon Cost Comparison Aid – Online and On Demand
The Rinnai Carbon Cost Comparison Form offers a free appraisal of a site’s current hot water delivery system, along with recommendations for reducing the carbon load. Click Image To Read More