Madrid got the 10th place.
Indian cities Mumbai and Delhi fell out of the top 20. While Mumbai finds itself in the 28th position, Delhi is in the 30th spot. Last year, Mumbai was in the 16th place and New Delhi 17th while in 2008, the two cities were in the 22nd and 24th spots, respectively.
This year, the list was expanded to 40 from 30 to reflect the various emerging and diverse players affecting the industry.
The other Asian cities in the top 40 are Shanghai (12), Tokyo (14), Singapore (15), Dubai (21), Bali (32) and Bangkok (35).
Image credits: AP