This was compiled by the Economic Intelligence Unit, an independent analysis think-tank within the Economist Group, on some 133 countries worldwide that are on the travellers’ radar. They assessed about 150 different goods and services typically bought or used by travellers to determine the index and rankings.
Singapore came out tops on account of expensive hospitality and related food, although locals seem to enjoy cheaper services if you know where to look. It is a surprising result for this Southeast Asian city. However, since the report was released Zurich has rocketed to number 1, due to a release of exchange rate caps by the Swiss central bank.
New York City, normally on the list and often topping it, failed to make the top five again, some 10 per cent cheaper than the others on average. Europe, not surprisingly, had three among the top.
At the bottom of the list were less desirable destinations, including; Mumbai, Chennai and Bangalore, on account of the weakened Indian rupee, as well as Caracas and Karachi.
This list shouldn’t be taken literally however, since the means of travel and preferences significantly alter the cost. Figure are mainly the result of luxury travel.