MasterCard recently released its annual Global Destination Cities Index 2013.
International visitor arrivals grew almost twice as fast as world real GDP, and their cross-border spending grew over 2.3 times faster. So despite the persistent weakness of constrained demand in the global economy, international travel is growing strongly, and the 132 of the world’s most important destination cities are benefiting from this powerful trend.
The MasterCard Index of Global Destination Cities are ranked based on the following criteria:
- The number of their total international visitor arrivals
- The cross-border spending by these same visitors in the destination cities
During 2010 and 2011, however, Lagos suffered a severe contraction, with visitor numbers declining by about 20 percent each year, before recovering to around 6.9 percent growth in 2012.