To make a city or neighbourhood a culinary destination, there are a number of elements that need to coalesce. With just a diverse mix of restaurants and an inviting atmosphere, it is not possible to establish a heavily trafficked food destination but it also requires city planning, community development, tourism and marketing.
The onset of technology has brought the world of food, wine and travel into homes. The demand for extraordinary travel experiences and the broadening interest in international culinary education is on the rise. The Chicago-based company, the World of MBI/A Taste of France creates and leads culinary travel adventures for educated consumers and food-savvy travelers; culinary industry professionals and students, offering itineraries based on the company's many years of travel and personal research. Countries visited: France, Spain, Italy, Germany and more.
By 2034, the largest passenger markets will be China, the United States, India, the United Kingdom and Indonesia will reach fifth place. Japan is sixth, Brazil seventh, Spain, Germany and France, eight, ninth and tenth. Italy falls out of the top ten.
"The demand for air transport continues to grow. There is much work to be done to prepare for the 7 billion passengers expected to take the skies in 2034," said Tony Tyler, IATA's Director General and Chief Executive Officer.
Across the regions, Asia-Pacific and the Middle East are expected to have 4.9% growth, with 2.9 billion and 383 million passengers, respectively. Africa could grow by 4.7% for 294 million passengers by 2034.
Latin American should also grow by 4.7% for an annual passenger total of 605 million in 20 years time. Europe will grow the slowest at 2.7% for a market of 1.4 billion, while North America expands by 3.3% to also reach 1.4 billion.
The forecast also found that in the next 20 years the real cost of air travel is expected is reduce at a rate of 1-1.5% per year.
According to experts, Chinese property investors can be broken up into groups, including high net worth individuals (HNWI), corporations and institutional investors, that have different motivations to invest in overseas real estate.
Moreover, Mediterranean countries are a compelling investment for the wealthy Chinese because they "offer incentives which not many other countries do, such as investment immigration," said Taylor.
So-called golden visa investment programs differ in the minimum required investment amounts across the Mediterranean countries. Greece has the lowest required investment at $279,602 (€250,000), with residence permits renewable every five years. The most expensive among the Mediterranean countries is Spain, which requires a property investment of $559,200 (€500,000) before granting a visa.
The Portuguese Government, which pioneered the property investor visa scheme, has awarded 2,022 such visas since its introduction in 2012, 80 percent of which were granted to Chinese buyers, according to Juwai.com.