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Home Business News

MasterCard ranks Lagos as top destination on the continent

Fikayo Owoeye by Fikayo Owoeye
September 27, 2018
in Business News, Politics
MasterCard, Lagos
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The 2018 MasterCard Global Destination Cities Index has offered an important analysis of travel to and within major cities around the globe.

The Sub Saharan index released by Mastercard shows that Lagos, Dakar, Kampala, Nairobi and Accra as top cities on the continent. While global top cities Bangkok, London and Paris, led the pack, underscoring the importance of robust infrastructure and both business and leisure attractions.

The report also shows Lagos is the top spot in Sub-Saharan Africa this year, with roughly 1.5 million international overnight visitors. Interestingly, visitors tend to stay in Lagos for seven nights and spend only $57 per day, on average, considerably less than its Sub Saharan Africa counterparts. Visitors to Lagos, are most often from the USA, United Kingdom and China.

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The Mastercard Index, which expanded this year to look at global 162 cities, is not simply a ranking of the top travel destinations. Based on visitor volume and spend for the 2017 calendar year, the in-depth analysis also provides a growth forecast for 2018 and for the first time projected into average length of stay and amount spent per day.

According to the report

“With the global economy buzzing, the annual growth of international overnight visitors to the Top 10 destination cities was up across the broad in 2017 except for Seoul, which saw a dip.

“The forecast for 2018 indicates across-the-board growth, with Istanbul expecting the largest uptick in visitors. In Sun Saharan Africa, the annual growth of international overnight visitors to Dakar, Nairobi and Accra remained static at 0.8 million in Dakar and 0.4 million in both Nairobi and Accra”

The Mastercard Index of Global Destination Cities ranks cities in terms of the number of their total international overnight visitor arrivals and the cross-border spending by these same visitors in the destination cities in 2017 and gives international overnight visitor growth forecasts for 2018.


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Tags: LagosMastercardMastercard Index of Global Destination Cities
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

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