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No surprises: New York, London and Tokyo top the list of world’s 15 richest cities

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Boston, Calgary, Perth and Macau – all associated with material wealth – have failed to make this list of the 15 richest cities in the world, compiled by market research firm New World Wealth.

The data gathered by the researchers reflects the total amount of private wealth held by all the individuals living in each of the cities on the list. Unlike traditional ratings, this top 15 is not based on Gross Domestic Product (GDP), but reflects analysis that covers all assets, such as property, cash, equities and business interests, excluding liabilities. Government funds are included.

1. New York City – $3 trillion

2. London – $2.7 trillion

3. Tokyo – $2.5 trillion

4. San Francisco Bay Area – 2.3 trillion

5. Beijing – $2.2 trillion

6. Shanghai – $2 trillion

7. Los Angeles – $1.4 trillion

8. Hong Kong – $1.3 trillion

9. Sydney – $1 trillion

10. Singapore – $1 trillion

11. Chicago – $988 billion

12. Mumbai – $950 billion

13. Toronto – $944 billion

14 Frankfurt – $912 billion

15. Paris – $860 billion

According to New World Wealth, wealth is a measure that differs from a GDP indicator, which is another common metric used to gauge economic power. The research firm revealed that Houston, Geneva, Osaka, Seoul, Shenzhen, Melbourne, Zurich and Dallas had just missed out on the top 15.

Travel News | eTurboNews

IMEX Policy Forum puts future city development front and center

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Policy makers from national and regional governments worldwide will explore The Business of Placemaking with leading business events industry professionals at this year’s IMEX Policy Forum.

This year the annual Forum will take place at the InterContinental Hotel Frankfurt on Tuesday 21 May, the first day of IMEX in Frankfurt 2019.

The IMEX Policy Forum is where the business events world and public policy makers annually connect and share insights into how events such as conferences, meetings and incentive travel can make a major contribution to national and regional economies.

The enormity of this contribution has now been quantified. According to the Global Economic Significance of Business Events, the first ever worldwide study from the Events Industry Council (EIC) and conducted by Oxford Economics, the direct spend of the meeting and event industry worldwide in 2017 was more than US$1.03 trillion, matching the consumer electronics sector in size.

Leveraging the link between business events and the innovation economy

All participants have the opportunity to visit the IMEX exhibition in the morning. In the afternoon, invited ministers and senior political representatives will take part in a national government discussion in collaboration with the United Nations World Tourism Organization (UNWTO) chaired by Martin Sirk of Sirk Serendipity. At the same time Professor Greg Clark CBE, the world-renowned advisor on cities will facilitate a city workshop specifically designed for local, municipal and regional policy makers and destination representatives, exploring ‘business meetings and the innovation economy.’

Analyzing the business opportunity for urban placemaking

The Business of Placemaking will be put into the spotlight when the keynote speech is presented by Dr Julie Grail, a leading expert and commentator on partnership and place management and a special adviser on Business Improvement Districts at the Institute of Place Management at Manchester Metropolitan University. Julie, who has been involved in managing places for two and a half decades, has in recent years worked on international assignments in Australia, New Zealand, South America, Europe and the United States.

New this year, the interactive Leadership Discussion will feature an invited panel who will present case studies from the perspective of political, urban planning and destinations stakeholders who have all played influential roles in placemaking success stories. The discussion will be moderated by leading business journalist and media advisor Ursula Errington and will provide plenty of opportunity for everyone present to contribute to the discussions.

Each year the political representatives who take part acclaim the event, saying how valuable it is to learn from their peers in other countries and from the meetings industry experts about the benefits to economic development and business tourism that investment in business events can bring.

Carina Bauer, CEO of the IMEX Group commented; “Placemaking is a concept that’s long been understood and embraced by some city planners and developers alike but now the meetings and events industry understands the power and importance of being part of these conversations. This year’s agenda reflects what feels like a tipping point: a recognition that the business events industry can – and should – speak up to influence any city planning or placemaking decisions. This year’s Forum will guide by example and show the way. With its new format everyone can contribute fully to a lively discussion and gain valuable insights from the case studies.”

Organized under the auspices of the Joint Meetings Industry Council (JMIC), the IMEX Policy Forum’s advocacy partners are Association Internationale des Palais de Congres (AIPC), European Cities Marketing (ECM), ICCA, The Iceberg and UNWTO. The Forum is sponsored by Turisme de Barcelona, Business Events Sydney, German Convention Bureau, Geneva Convention Bureau, Messe Frankfurt and the Meetings Mean Business Coalition.

Travel News | eTurboNews

Turkish Airlines Cargo carries Topkapı and Dolmabahçe Palaces’ artifacts to Japan

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Turkish Cargo, the air cargo brand of Turkish Airlines that provides service to 124 countries, carried 186 historical artifacts, owned by Dolmabahçe and Topkapı Palaces, to Tokyo, the capital of Japan, as the sponsor carrier, in order to be displayed at the exhibition titled as “The Ottoman Empire and Tulip Culture” held as part of the events organized for 2019 which was declared as the “Year of Turkish Culture” across Japan.

Before the carriage operation through Istanbul – Narita route, the artifacts in Topkapı and Dolmabahçe Palaces were packaged with protective materials that shielded their texture and structure before they were put into 56 high-security wooden cases. Using a wide-body B777F type air freighter belonging to Turkish Cargo, the flight carried no other cargo due to the significant nature of the operation.

Acting with the utmost care for its carriage operations involving historical artifacts, Turkish Cargo conducted this operation with its expert teams again. With this successful operation, the artifacts that have been preserved meticulously for long years in Topkapı Palace such as “Bed of Suleiman the Magnificent”, “Kaftan of Sultan Osman II”, “Ceremonial Flask” along with the artifacts in Dolmabahçe Palace such as “Yusen Shippo Vase”, “Wooden Writing Table”, and “Bamboo Mirror” which were gifted to Sultan Abdulhamid II, by Emperor Meiji of Japan, have been all delivered to Japan.

These 186 artifacts, which weigh around 8 tons and carry great significance for the Turkish culture and history, will be displayed at the National Art Center, Tokyo, between March 20 – May 20, and at the National Museum of Modern Art, Kyoto, between June 14 – July 28.

Bringing the missing pieces of the ‘Gypsy Girl Mosaic’ back to its home, carrying more than 50 masterpieces, displayed at the Louvre Museum in Paris, to Tehran, as well as the ‘The Tomb of Heracles’, dating back to the Roman era, to Istanbul from Geneva, Turkish Cargo, the dynamic brand of the air cargo industry, proved once again how reliable it is in carriage of art works requiring utmost care. In addition to the extensive flight network of Turkish Airlines that reaches to 306 destinations, Turkish Cargo maintains its successful operations by operating dedicated direct cargo flights to 85 destinations.

Turkish Cargo provides service to its global clients across 124 countries with its three vulnerable cargo rooms and certificated staff members in carriage operations for art works requiring utmost care. Turkish Cargo keeps all movements of its vulnerable and valuable cargo under supervision by means of the cameras installed in and around its storage facilities.

Travel News | eTurboNews