Hong Kong, Paris & Singapore split title of world’s most expensive city

Published on : Saturday, March 23, 2019

In a recent survey on worldwide cost of living, Hong Kong, Paris and Singapore have split the title of the world’s most expensive city, according to a recent report released by a British think tank. This is the first time that three cities have been tied for the first place in the survey.

 

Using New York City as its base, the report found that the living costs in all three cities were seven percent higher than in the benchmark city.

 

The report named Worldwide Cost of Living 2019 is published by the Economist Intelligence Unit.

 

Singapore is the only city that has maintained its ranking from the previous year, marking its sixth straight year at the top of the rankings, with Hong Kong lept three places and Paris climbed one to reach the top.

 

The top 10 cities with the highest living cost are largely divided between Asia and Europe.
The report also revealed that the global cost of living has fallen to 69 percent of the cost in New York, down from 73 percent last year, remaining significantly lower than five years ago, when the average cost of living across the cities surveyed was 82 percent of the cost in the base city.

 

While inflation and devaluations were prominent factors in determining the cost of living, many cities surveyed tumbled down the ranking owing to economic turmoil, currency weakness or falling local prices, the report said.

 


(No Like Yet)

Related Posts

Tags: , ,

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 06 ITB Asia 2020
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 AAA-banner 2020
  • 18 WCTIE 2020
  • 20 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. Forum de l’Investissement Hôtelier Africain

      July 7 - July 9
    2. DRT SHOW SHANGHAI

      July 17 - July 19
    3. SHANGHAI WORLD TRAVEL FAIR (SWTF)

      July 30 - August 2
    4. IT&CM CHINA 2020

      August 3 - August 5
    5. Asia Amusement & Attractions Expo 2020

      August 4 - August 6
Get our toolbar!
Review www.travelandtourworld.com on alexa.com