SOURCE: Cartus

Cartus

May 31, 2011 10:00 ET

Cartus Research Shows U.S. Tops List of 25 Global Relocation Destinations

Rankings Have Remained Fairly Consistent Since 2006

DANBURY, CT--(Marketwire - May 31, 2011) - New data from Cartus Corporation, the leading provider of global relocation management services, reveals that the top destinations for companies transferring employees around the world have remained relatively consistent since 2006. The figures, representative of all international moves completed by Cartus clients during the last five years, show that some key markets experienced relocation volume declines, while assignments in other regions had significant gains. For example, while China is often thought to be the fastest growing of global assignment destinations, relocation volume to Singapore more than doubled, outpacing China's volume and placing Singapore third after the United States and the United Kingdom, up from a seventh-place ranking in 2006.

Meanwhile, a number of new destination locations have begun to materialize as companies begin to take advantage of opportunities in non-traditional markets. In terms of regional representation, Europe had the most locations ranked among the top relocation destinations with 11 countries, followed by Asia-Pacific (8), North America (2), Central America (2), the Middle East (1), and South America (1).

"We work with many multinational companies whose volume of moves is a good indication of overall global business activity," said Kevin Kelleher, Cartus president and CEO. "We have noticed that even though their relocation volume may change year over year, most of the same locations have remained on our list as the major destinations for the employees that our clients send on international assignment -- despite the changing economic landscape. Interestingly, however, this pattern is not mirrored in the less traditional markets, where activity is much more volatile and reflects the wide variety of business opportunities available in the global marketplace."

Five-Year Trend Shows Top 10 Global Relocation Destinations Holding Steady
The U.S. and the U.K. have remained the largest markets for intercountry assignments over the past five years. The U.S. has held onto the top spot since 2006, while the U.K. experienced a small gain in volume, which helped it claim the No. 2 spot.

The remaining locations at the top of the list include China and Switzerland -- a key financial hub -- at fourth and fifth, respectively. India took the sixth spot, jumping up from ninth place in 2006. Germany fell to seventh from its previous fifth-place ranking in 2006, while Hong Kong moved from 11th to eighth place over five years, due to a 77% international volume increase. Japan and Canada, which each experienced subtle volume shifts, round out the top 10.

New Destinations Appear
When looking beyond the top 10 ranked destinations to a broader view of the top 25, global relocation volume has shown significant shifts during the last five years, with several locations posting dramatic gains. Among the destinations whose relocation volume more than doubled are United Arab Emirates, which advanced six spots in the Cartus ranking, and Brazil, which advanced 10 spots, to claim the 13th and 14th positions, respectively. New locations appearing on the Cartus list include Panama (No. 18), South Korea (No. 23), and Poland (No. 25). Meanwhile, the three destinations that appeared on the 2006 Top 25 list but dropped off in 2010 due to volume declines were Saudi Arabia, Austria, and Thailand.

"It's clear that as market opportunities present themselves in many of these non-traditional relocation markets, companies are beginning to transfer employees there in greater numbers," said Kelleher. "Companies will need to be well informed and positioned to take advantage of a broader array of countries, regions, and cultures than ever before."

Cartus' Ranking of Top 25 Relocation Destinations

20062010 (previous rank)
1. United States1. United States (1)
2. United Kingdom2. United Kingdom (2)
3. China3. Singapore (7)
4. Switzerland4. China (3)
5. Germany5. Switzerland (4)
6. Japan6. India (9)
7. Singapore7. Germany (5)
8. Canada8. Hong Kong (11)
9. India9. Japan (6)
10. France10. Canada (8)
11. Hong Kong11. France (10)
12. Netherlands12. Australia (13)
13. Australia13. United Arab Emirates (19)
14. Ireland14. Brazil (24)
15. Italy15. Belgium (16)
16. Belgium16. Italy (15)
17. Spain17. Netherlands (12)
18. Malaysia18. Panama ^
19. United Arab Emirates19. Malaysia (18)
20. Mexico20. Ireland (14)
21. Sweden21. Mexico (20)
22. Saudi Arabia #22. Spain (17)
23. Austria #23. South Korea ^
24. Brazil24. Sweden (21)
25. Thailand #25. Poland ^

# - Dropped from list in 2010
^ - New to list in 2010

Note:Global relocation destination rankings are based on Cartus' total international client volume. Cartus' data aredrawn from its own clients' experience, which captures a significant portion of globally outsourced corporate assignments. The data representsinternational -- not intra-country (domestic) -- moves.

About Cartus
Cartus provides trusted guidance to organizations of all types and sizes who require global relocation solutions. Serving more than 60% of the Fortune 50 and providing service to more than 148,000 employees annually in over 160 countries, Cartus applies a half century of experience to help clients with their mobility, outsourcing, consulting, and language and intercultural training needs. Honored in both New York and London by the Forum for Expatriate Management in 2010 as "Relocation Management Company of the Year" and "Best Vendor Partnership," Cartus is part of Realogy Corporation -- a global provider of real estate and relocation services. To find out how Cartus' greater experience, reach, and hands-on guidance can help your company, visit http://www.cartus.com; read our blog at http://www.cartusblog.com; or click http://www.realogy.com for more information.

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