With 35 million digital nomads worldwide, the ‘workation’ market is growing
Portugal’s colourful and hilly capital city Lisbon – home to piri-piri chicken and pasteis de nata – could be about to become famous for more than its food. The city has been identified in a new survey as the leader in facilitating digital nomadic lifestyles.
There are now an estimated 35 million digital nomads worldwide and 80% of digital nomads prefer to stay in one location for between three to nine months, providing a significant boost to host country economies.
The survey found that the leading nomadic environments offers affordability, pleasant weather, fast broadband-speed, scenery and good transport links, all of which Lisbon flourished in.
Lisbon has more than 7,000 wifi spots and the average broadband speed in the city is 163mbps
Lisbon also has one of the lowest costs of living in the world, and flexible workspace as a proportion of the total office market will grow from 5% to almost 13% by 2025.
The Rise of the Digital Nomad
A digital nomad is a remote worker who travels and works simultaneously, visiting locations worldwide, working from beaches, coffee shops and co-working spaces. Some digital nomads only travel for a few months, while others do it indefinitely. In between working, digital nomads get to explore the world and contribute that knowledge gained to their companies.
Next stop: Asia
Lisbon wasn’t the only place picked out for an ideal nomadic work life. The study by Instant Offices, revealed that Lisbon was closely followed by Bangkok, Thailand. In fact, more than half of the cities in the top 60 surveyed were in Asia. Cities such Seoul, Kuala Lumpur, Hong Kong and Singapore ranking highly for nomad working stays.