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Looking for a place where you can combine work and play? Look no further.
The Hungarian capital Budapest has topped a list of the world's best cities for work and vacation, or “working holiday”, compiled by the flexible and hybrid workspace operator International Workplace Group.
The findings are based on internal research as well as results from a survey of 1,000 employees in hybrid offices around the world.
Hybrid and remote working, which gained momentum during the COVID-19 pandemic as companies around the world temporarily closed their offices to meet health standards, has become a permanent arrangement for many businesses.
Number of people working from home It increased fivefold between 2019 and 2023., 40% of U.S. employees currently work remotely at least one day a week, according to a report This study was published by the Stanford Institute for Economic Policy Research.
“With cloud computing technology enabling you to be anywhere in the world with a good internet connection… it’s no wonder more and more people are embracing the idea of combining work and travel, whether it’s a few days added to a holiday, or a few months as a digital nomad,” said Mark Dixon, founder and chairman of International Workplace Group.
According to the IWG report, 84% of hybrid workers have extended or would consider extending their leave to work remotely, while 75% said “the freedom to be able to work from anywhere enhances their job satisfaction.”
The IWG report compared 30 cities worldwide and ranked them on a scale of 10 in the following categories:
- climate
- culture
- stay
- Transfer
- food
- Living (Cost of Coffee)
- happiness
- broadband speed
- Sustainability
- Provides flexible workspaces
The criterion was chosen “to help measure how comfortable or appropriate outdoor environments are, especially when taking into account work responsibilities,” Dixon told CNBC Make It.
“In addition to basic living requirements (housing, transportation, food, etc.), there are critical considerations that can have a significant impact on worker productivity, such as broadband and the availability of flexible workspaces,” he added.
Budapest topped this year's list, receiving high scores in the categories of accommodation (9.5/10), transport (9.5/10), sustainability (8.5/10), and broadband speed (8/10).
The Hungarian capital is famous for its “classical architecture”, attracting around 12 million international tourists annually… [and] Dubai is home to more than 200 museums and galleries, vibrant neighborhoods, and vast green spaces, making it an ideal choice for digital nomads, according to the report.
Top 10 Cities for a Working Holiday, According to IWG:
- Budapest
- Barcelona
- Rio de Janeiro
- Beijing
- Lisbon
- New York
- Singapore
- Jakarta
- Los Angeles
- Milan
Barcelona, which topped the list last year, remains a favorite among hybrid workers. Along with digital nomads, VisaMadrid has a reliable transportation infrastructure and a relatively reasonable cost of living, and offers a “vibrant atmosphere, stunning architecture and almost year-round sunshine,” according to the report.
Barcelona scored highly in the categories of transportation (9/10), climate (8.5/10), and accommodation (8.5/10), which measure the cost of a monthly transport ticket, total hours of sunshine per year, and average rent per month, respectively.
The cities were in Asia. Beijing, Singapore and Jakarta also featured prominently on this year’s list, making it into the top 10. Beijing dropped to fourth place this year.
Meanwhile, Singapore climbed 14 places from last year to seventh place. The city-state achieved exceptionally good scores in the broadband quality (10/10) and sustainability (9/10) categories.
Singapore, which prides itself on Second best airport in the worldSingapore serves as a global gateway to Southeast Asia, making it an attractive destination for travelers. Singapore has also been named the happiest country in Asia for the second year in a row, and is on track to deliver island-wide 5G coverage by 2025, according to IWG.
“This trend is expected to accelerate further, and we will continue to see more and more companies adopting WFA policies to improve the work-life balance of employees and increase their attractiveness as an employer,” Dixon added.
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