Markets

Insider Trading

Hedge Funds

Retirement

Opinion

The Country With the Best Architecture in Asia

We recently conducted an in-depth analysis of the Asian countries with the best architecture and in this article we will take a look at the country that made it to the top of our list. Check out our free report on the 10 Countries With the Best Architecture in Asia.

The Blends in Asian Architecture

Asian architecture is particularly well-known for its unique blend of contemporary design styles with traditional architectural techniques. This is one of the reasons why UNESCO has an architectural heritage award for Asia-Pacific in the category of ‘New Design in Heritage Contexts’. This reward is meant to encourage architects to innovate their designs, while also preserving the cultural heritage of the region. This particular award was first introduced in 2005 and recognizes newly built structures with outstanding design and optimal integration with the region’s historical context.

The traditional and historical context is considered significant for Asian architecture because it offers ingenious solutions to the region’s issues. A 2015 study by Rashid and Ara discussed how traditional Asian architectural design solved local problems. For example, the Mru Tribe of Bangladesh has hillhouse structures that are generally considered ‘primitive’ architecture. However, the houses are balanced in such a way that any soil shifts or earthquakes in the region would not affect them.

Another notable aspect of these houses is that the general living space, known as the Kim-Tom, is supported and propped up by five pillars. The five-pillar arrangement distributes the roof load more evenly. The study also noted that bamboo is a commonly used construction material in Southeast Asia. The material is worth focusing on because it surpasses even reinforcement steel in terms of tensile strength, as noted by Rashid and Ara. The researchers note other such traditional arrangements in Japan, China, Malaysia, and many other Asian countries. This is why Asia has several countries with the best architecture in the world.

Architecture Awards Showcase Asia’s Domination as Well 

The Pritzker Architecture Prize is one of the world’s most notable architecture awards. Each year, the award grants $100,000 to an architect or a group of architects who have achieved something significant in their field. During the 15 years from 2010 to 2024, Asian architects received the award seven times. This is higher than every other continental region. European architects received the award in six different years. A South American and an African architect have won the award one time each.

The 2024 award went to Japanese architect Riken Yamamoto. His work is recognized for balancing privacy within his buildings, while also finding a way to foster communal ties. He designed his own home, titled GAZEBO, in a manner that makes it easy to interact with the neighbors through the rooftops and terraces. Yamamoto is the ninth Japanese architect to receive this prestigious honor. It’s the work of creatives like these that makes Japan one of the countries that produce the best architects in the world.

Asian architecture has also received several awards from The International Architecture Awards, which are organized by the Chicago Athenaeum: Museum of Architecture and Design. In the 2023 awards, Asian buildings won at least one award in 22 out of the 25 categories. The winning categories included civic centers, commercial buildings, exposition centers, and monuments, among others.

Architecture Contributes to Tourism

The architectural landscape of a place is one of the many reasons why tourists might be attracted to it. In 2018, researchers from the University of Technology in Sydney conducted a study to map this phenomenon. They used the Dr. Chau Chak Wing building as a case study for determining potential tourist inflows. The research concluded that the building had a potential to contribute somewhere between AUD 48.8 million to AUD 97.6 million in tourism revenue, annually. This research presents just one example of how architectural buildings can become multipliers for tourism flows. This is especially pertinent for a continent like Asia which is laced with unique architectural styles in almost every country.

Tourism and the Pandemic – A Contentious Pairing 

However, no amount of architecture could prevent tourism from taking a hit due to the COVID-19 pandemic. According to a 2022 report by the Asian Development Bank, 2020 brought tourism to a standstill in the entire world. As vaccinations started rolling out, tourism recovery was expected to start in 2021, but the data showcased a different picture. From January to September 2021, international tourist arrivals in the Asia-Pacific fell by 94.9% as compared to the same period in 2019. Southeast Asia was one of the most affected subregions in the world, witnessing a 98% decrease in international arrivals.

Furthermore, by November 2021, 65% of the destinations in Asia-Pacific were still completely closed to international tourism. One of the sectors hit hardest by this situation was the aviation industry. According to ADB, the Asia-Pacific region had the world’s largest aviation market, accounting for 35% of all global travelers. However, the pandemic reduced international passenger traffic by 80.3% from 2020 to 2021.

Post-pandemic, tourism recovery has been a bit slow in the Asian region. On January 19, 2024, the United Nations World Tourism Organization (UNWTO) reported that in 2023, international arrivals reached 65% of pre-pandemic levels in Asia-Pacific. This was significantly lower than in Africa, where arrivals managed to reach 96% of pre-pandemic levels. Countries such as Morocco and Ethiopia had significant tourism recovery, and they’re also some of the African countries with the best architecture. Within the Asian subregions, South Asia showed the best performance by recovering 87% of its 2019 arrival levels. Other regions performed quite low, for example, North-East Asia, which only recovered 55% of its pre-pandemic levels. However, experts believe that the growth will continue in 2024.

In a nutshell, tourism in Asia is recovering, even if slowly and gradually. As international travelers start flying into the Asian region again, one of the companies helping them make their travel decisions is Tripadvisor, Inc. (NASDAQ:TRIP). Visitors can check out over 55 million reviews of Asian hotels, attractions, and restaurants, which makes Tripadvisor, Inc. (NASDAQ:TRIP) a valuable resource for the trip-planning process. In the 2024 Travelers’ Choice Awards by the company, Asian destinations received a lot of recognition. The first five Trending Destinations all belonged to Asia. The number one spot went to Tokyo, Japan.

In the category of Top Destinations, Asian locations held three out of the top five spots. The first spot belonged to Dubai, UAE. In the 2024 award series, Tripadvisor, Inc. (NASDAQ:TRIP) also launched the category of Sustainable Destinations. For this category, Asia had only one mention in the top five, with Singapore coming in at number fifth. Lastly, the category of Culture Destinations also saw Asian mentions. Agra in India received the third spot, followed by Colombo (Sri Lanka) in seventh place, Hue (Vietnam) in the eighth, and Tokyo (Japan) in the tenth.

Thus, data from Tripadvisor, Inc. (NASDAQ:TRIP) corroborates that the Asian region can expect its tourism to flourish in the upcoming months of 2024. Let’s now look at the country with the best architecture in Asia.

christian-joudrey-9bdt03k4ujw-unsplash

Our Methodology

In order to compile this list of the 10 countries with the best architecture in Asia, we adopted a consensus approach. First, we consulted ten reports and rankings on the internet, shortlisting countries that appeared in at least 50% of our sources. Then, we ranked the countries according to the number of tourists they received in 2023. Our hypothesis is that countries with good architecture attract a high number of tourists. We sourced our tourism data from the UN World Tourism Organization (UNWTO). Further information from each country is sourced from Trip Advisor, The International Architecture Awards, and The Pritzker Architecture Prize.

Note:

  • China and India did not have data in UNWTO’s 2023 database. However, both of these countries are extremely revered for their architecture, thus, we utilized their pre-COVID numbers to rank them. The tourist arrivals for these countries are from 2019. We have also looked up individual media reports for both of them in order to mention an updated figure from 2023. These figures are not corroborated by the UNWTO and come from media reports.
  • For the purpose of this analysis, we have considered Macau and Hong Kong as regions separate from China.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

The Asian Country With the Best Architecture

China 

Tourist Arrivals (2019): 65.73 Million

China ranks number one on our list of countries with the best architecture in Asia. The country received 65.73 million tourists in 2019, according to the UNWTO. A CNN report from January 18, 2024, revealed that the country received 35.5 million tourists in 2023. The UNWTO further reports that outbound and inbound tourism is expected to improve for the country in 2024. This is due to visa facilitation and advanced air capacity. China is providing visa-free travel to citizens from France, Malaysia, Germany, the Netherlands, Italy, and Spain. This service is available until November 30, 2024.

Chinese architecture has developed into its modern shape over millenniums. Today, it is characterized by elements such as open spaces, symbolic elements, symmetry, and feng shui. Feng Shui is the technique of optimizing buildings so they generate feelings of happiness and harmony. The stylistic development of Chinese architecture dates back thousands of years and can be studied in immense detail.

Wang Shu, a Chinese architect, received the Pritzker Prize in 2012. The country was also immensely recognized in the 2023 International Architecture Awards, winning over nineteen awards. Some of the winning sites were the Guangzhou Julong Bay Civic Center, the Radisson Collection Resort Hotel, and the Zhuji Historical Memorial Hall. The Palace Museum of the Forbidden City is the top-rated Chinese architectural building on Trip Advisor, with over 14,000 reviews and ratings. The international recognition of these buildings shows why China has the best architecture in Asia.

China ranks number 1 among the Asian countries with the best architecture. To learn about other Asian countries that are home to some of the most architecturally significant sites, check out our comprehensive report on 10 Countries With the Best Architecture in Asia.

If you are looking for an AI stock that is more promising than Micron but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 24 Fastest Growing Economies in the World in 2024 and 15 Fastest Declining Economies in the World in 2024.

Disclosure: None. This article is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

  • The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
  • One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
  • Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
  • Lifetime Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

  1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.
  2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
  3. Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…