{"id":552182,"date":"2022-08-17T13:50:53","date_gmt":"2022-08-17T13:50:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/"},"modified":"2022-08-17T13:50:53","modified_gmt":"2022-08-17T13:50:53","slug":"forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/","title":{"rendered":"Forget NYC \u2014 Bangalore is a new expat hotspot + Business travel won\u2019t fully recover before 2026"},"content":{"rendered":"

<\/a> New expat havens:<\/strong> With soaring housing prices amid rising global inflation and a pandemic-fueled work from home culture, new cities around the world are emerging as more popular expat hotspots by digital nomad visas, affordable housing, spectacular beaches, and flourishing cryptocurrency markets, Bloomberg<\/a> writes. Some of the new contenders that are edging out traditional favorites (such as New York, Hong Kong, and Singapore):<\/p>\n

The hipster \/ laidback destinations:<\/strong> Lisbon, with its good weather, affordable house prices, and beautiful beaches has established itself as a popular expat destination with good school options and a growing international community. Brazil\u2019s Rio de Janeiro \u201ccontinues to hold an allure\u201d for expat workers, with stunning landscapes and world-renowned beaches, the business information service says.<\/p>\n

The tech hub:<\/strong> Bengaluru (aka Bangalore) houses thousands of software firms and startups, due to inflows of venture capital, estimated at USD 7.2 bn in 2020 up from USD 1.3 bn in 2016. Money from global technology companies and foreign investors such as Sequoia Capital and Goldman Sachs has brought in a surge of expats and a growing number of international schools, restaurants, and bars.<\/p>\n

The unlikely contender:<\/strong> Densely populated Mexico City, with a population of nearly 22 mn has gained traction as a center for entrepreneurs and startups in South America, attracting foreigners from around the world.<\/p>\n

And speaking of expats and travel: Global business travel spending is unlikely to return<\/strong> to the pre-pandemic level<\/strong> of USD 1.4 tn until mid-2026, according to the Global Business Travel Association\u2019s latest forecast picked up by Bloomberg<\/a>. The outlook pushes back the recovery timeline by 18 months from the association\u2019s last outlook report, according to Bloomberg. Recovery to 2019 levels has been stalled by the lockdowns in China, the effects of the Russia-Ukraine war, disruptions in the supply-chain, and labor shortages. Global business travel is expected to come in at 65% of the 2019 level this year at USD 933 bn, with North America and Western Europe staging the strongest recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"

New expat havens: With soaring housing prices amid rising global inflation and a pandemic-fueled work from home culture, new cities around the world are emerging as more popular expat hotspots by digital nomad visas, affordable housing, spectacular beaches, and flourishing cryptocurrency markets, Bloomberg writes. Some of the new contenders that are edging out traditional favorites […]<\/p>\n","protected":false},"author":1,"featured_media":552183,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,234,2872],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-travel","tag-work-life","wpautop","entry"],"acf":{"mongo_id":"a7a3a9da-38a7-4d24-89d9-1720accd16be","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/553.jpg","photo_position":"above","related_issue":[552178],"teaser":"","voice_url":""},"yoast_head":"\nForget NYC \u2014 Bangalore is a new expat hotspot + Business travel won\u2019t fully recover before 2026 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forget NYC \u2014 Bangalore is a new expat hotspot + Business travel won\u2019t fully recover before 2026\" \/>\n<meta property=\"og:description\" content=\"New expat havens: With soaring housing prices amid rising global inflation and a pandemic-fueled work from home culture, new cities around the world are emerging as more popular expat hotspots by digital nomad visas, affordable housing, spectacular beaches, and flourishing cryptocurrency markets, Bloomberg writes. Some of the new contenders that are edging out traditional favorites […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-17T13:50:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/553.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Forget NYC \u2014 Bangalore is a new expat hotspot + Business travel won\u2019t fully recover before 2026\",\"datePublished\":\"2022-08-17T13:50:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/\"},\"wordCount\":334,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/553.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"FOR YOUR COMMUTE\",\"travel\",\"work life\"],\"articleSection\":[\"FOR YOUR COMMUTE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/forget-nyc-bangalore-is-a-new-expat-hotspot-business-travel-wont-fully-recover-before-2026\/\",\"name\":\"Forget NYC \u2014 Bangalore is a new expat hotspot + Business travel won\u2019t fully recover before 2026 - 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December\u2019s remittances came in at USD 2.2 bn, compared to USD 1.9 bn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600407,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/expat-remittances-rise-5-7-in-11m2018-to-usd-23-3-bn\/","url_meta":{"origin":552182,"position":2},"title":"Expat remittances rise 5.7% in 11M2018 to USD 23.3 bn","author":"enterpriseam admin","date":"29 January 2019","format":false,"excerpt":"Remittances from Egyptians living abroad rose 5.7% in 11M2018 to USD 23.3 bn, from USD 22.1 bn during the same period last year, according to a central bank statement (pdf).","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605126,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/expat-remittances-rise-17-in-october-to-usd-2-1-bn\/","url_meta":{"origin":552182,"position":3},"title":"Expat remittances rise 17% in October to USD 2.1 bn","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"Remittances from Egyptians living abroad rose 17% in October to USD 2.1 bn from USD 1.8 bn in September 2018, according to a central bank statement (pdf). This puts the remittances for 10M2018 at USD 21.4 bn, up 8% from around USD 19.8 bn in 10M2017.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641675,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/28\/egypt-is-at-the-bottom-of-hsbcs-46-country-expat-explorer-survey\/","url_meta":{"origin":552182,"position":4},"title":"Egypt is at the bottom of HSBC\u2019s 46-country Expat Explorer survey","author":"enterpriseam admin","date":"28 September 2017","format":false,"excerpt":"Egypt dropped two places to the last place on the 46-country Expat Explorer survey by HSBC. The index measures issues from personal finances and career progression to the strength of the local economy. The drop in Egypt\u2019s placing is driven by concerns over the quality of life, healthcare, childcare, and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621847,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/expat-remittances-rise-usd-20-4-y-o-y-in-september\/","url_meta":{"origin":552182,"position":5},"title":"Expat remittances rise USD 20.4% y-o-y in September","author":"enterpriseam admin","date":"19 November 2018","format":false,"excerpt":"Remittances to Egypt by citizens working abroad rose 20.4% y-o-y in September to USD 1.8 bn, up from USD 1.5 bn in September 2017, according to a central bank statement (pdf). This puts the remittances figure for 1Q2018-19 at USD 5.9 bn, up 1.5% from USD 5.8 bn in 1Q2017-18.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=552182"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552182\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/552183"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552182"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552182"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}