Thursday, February 20, 2020

Business Education

World’s Top 10 Most Expensive Countries For Tourists To Visit, 2015 Report

Unsurprisingly, Switzerland is the most expensive country in the world for tourists to visit, according to the World Economic Forum’s 2015 travel and tourism competitiveness report. Here are 10 countries to avoid, if you’re travelling on a tight budget.

As expected, the majority of the destinations on the list are European but there are a couple of outside entries including Australia. The report looked at 141 different countries and compared a number of factors related to tourism: hotel accommodations, airport charges, cost of living, ticket taxes, purchasing power parity (PPP)*, fuel prices, and so on.

Below is the list of the top 10 most expensive countries around the world, including how much the average international visitor spends during each trip.

World’s Top 10 Most Expensive Countries For Tourists To Visit, 2015 Report:

1. Switzerland

2. United Kingdom

3. France

4. Australia

5. Norway

6. Israel

7. Denmark

8. Sweden

9. Italy

10. Austria

*Note: Travel and tourism competitiveness report, 2015.  An example of purchasing power parity (PPP): If the purchasing power parity in the United States is 1 and the purchasing power parity in Poland is .6, then a cup of coffee in Poland is 40% cheaper than it is in the United States, relative to the Polish zloty. Purchasing power parity (PPP) is based on the GDP of each economy.

Dr. Amarendra Bhushan Dhiraj
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, and high net worth individuals.
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