Given the current economic trends in the travel industry, it is expected prices will drop in many fronts. From the analysis of the recent Competitiveness 2009 report we can even derive that some regions will have to try much harder to compensate for factors such as dependency from long-haul passengers.
In an effort to understand some of the key factors in the current hotel industry, I created a data set with the top 5% most expensive hotels and mapped their locations to determine which regions had the highest density of “exclusive” hotels. As it was to be expected the usual suspects are at the top of the list: London, Tokyo, New York City, Paris, Rome. The rest of the list has a good mix of modern, beach and historic cities: Venice, Miami, Los Angeles, Milan, Moscow, Florence, Cape Town, Osaka, Morocco, Maui, Cancun, Washington, Bali, Madrid. London has over 120 exclusive hotels while Madrid counted 20. Beyond that these exclusive hotels are scattered around the world. These images provide a general view of where in the world they are:
While calculating these “exclusivity hubs” I came across some other interesting facts: [...]
As we struggle to find ways to survive the current crisis and look at the leaders of the world to provide guidance, the latest Hub Culture 2009 Zeitgeist Ranking will come in handy as a tour of the cities that are better positioned to sustain an acceptable quality of life while providing plenty of opportunities to rebuild for the future. A zeitgeist reflecting the drama of our times:
its not really about the Obamas – its about the context of our changing expectations of government
Berliners become an enigma – povo at home, increasingly affluent abroad
Just ignore the noxious skyline as you watch the GDP growth rates, still hovering near 9%
LA’s fashion scene has stagnated, and the city’s hold on entertainment is slipping to diffusion by web 2.0
the principles of kaizen (continuous improvement) are shaping a really cool new Japanese ecovibe
The general attitude down under appears to be one of distant concern
Here, ‘crunch’ is in the quinoa, not in the financial vocabulary
The city is rich enough to sit out the bust, and it can always rely on China’s neighboring Guangdong province to drive the local economy
Hunger breeds innovation, because people actually have to think, plot and [...]
Further to my post on the 2008 Global Cities Index, here is another snippet from the report ranking the best cities to get some culture based on things like sporting events, concurrence of travellers, variety of their culinary offerings, art installations and performances.
and the rest of the list.
With the recent opening of the Art Gallery of Ontario, a controversial renovation of the Royal Ontario Museum and a brand new Centre for the Performing Arts, us Torontonians have forged our way into the top 10. But it makes you wonder how much this type of top 10 lists can fluctuate when you start adding other factors as part of the ranking such as:
average distance to nearby world heritage site,
number of cultural events programmed throughout the year,
affluence of visitors to major festivals,
foreign cultures with active representation in the city,
cumulative age of historic sites within city boundaries…
In January of 2007 I posted the globalization index, a partnership between Foreign Policy magazine and A.T. Kearney. At the time the report listed the most globalized countries, led by Singapore, Switzerland and the United States. A few weeks ago I decided to once again fine tune the editorial line of this blog by dedicating more time to cover urban issues and the role of cities in the shaping of our global culture. So finding the Foreign Policy’s 2008 Global Cities Index serves to reinforce the recent spirit of this blog.
The methodology to rank the cities includes 24 metrics in five dimensions:
The first is business activity: including the value of its capital markets, the number of Fortune Global 500 firms headquartered there, and the volume of the goods that pass through the city. The second dimension measures human capital, or how well the city acts as a magnet for diverse groups of people and talent. This includes the size of a city’s immigrant population, the number of international schools, and the percentage of residents with university degrees. The third dimension is information exchange—how well news and information is dispersed about and to the rest of [...]
I owe a big apology to all my loyal readers for keeping you in the dark over the last 3 months. Since my last post I travelled to Mexico twice, shared the stage in San Francisco with some of the authorities on the “geoweb”, travelled to Corsica, the French Riviera, Lake Como, St. Moritz; and managed to launch PlanetEye.com where I lead the Technology team. Intense to say the least. But the most recent issue of Monocle has me burning the proverbial midnight oil and finding energy to start posting regularly again. Thanks for your comments while I was away.
The Monocle Global Quality of Life Index may one day graduate to adopt a scientific methodology that considers a larger spectrum of cities around the world, but I’m happy to settle for their current coverage and play the my-city-is-better-than-yours game, using the tidbits of quick facts they’ve compiled. For those who don’t buy the magazine here are the top 10 cities:
Good looks, brains, perfect proportions, a sunny disposition and a sense of humour are always a winning combination…
It combines a strong economy with rich cultural offerings. The city’s workforce is highly [...]