Economy of Milan - AbsoluteAstronomy.com

Milan
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...

is one of the EU's and the world

World

World is a common name for the whole of human civilization, specifically human experience, history, or the human condition in general, worldwide, i.e. anywhere on Earth....

's major financial and business centres, with the Milan metropolitan area

Milan metropolitan area

The Milan metropolitan area, known as Grande Milano , is the urban agglomeration around the city of Milan, Italy.The spatial spread of the Milan metropolitan area has greatly accelerated over recent decades...

having a 2004 GDP of € 241.2 billion (US$ 312.3 billion), which means that it has Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

's 4th highest GDP. This means that, were Milan a country, it would have the world's 28th largest economy, almost the size of that of the economy of Austria

Economy of Austria

Austria is one of the 12 richest countries in the world in terms of GDP per capita, has a well-developed social market economy, and a high standard of living. Until the 1980s, many of Austria's largest industry firms were nationalised; in recent years, however, privatisation has reduced state...

. The city, on the other hand, has a GDP of $115 billion, making it the world's 26th richest city by purchasing power. Milan is the world's 11th most expensive city for expatriate employees, and its influence in fashion

Fashion

Fashion, a general term for a currently popular style or practice, especially in clothing, foot wear, or accessories. Fashion references to anything that is the current trend in look and dress up of a person...

, commerce

Commerce

While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...

, business

Business

A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

, banking, design

Design

Design as a noun informally refers to a plan or convention for the construction of an object or a system while “to design” refers to making this plan...

, trade

Trade

Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...

and industry

Industry

Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...

make it an Alpha world city, as well as the world's 42nd most important in the Global Cities Index. Also, the city's hinterland

Hinterland

The hinterland is the land or district behind a coast or the shoreline of a river. Specifically, by the doctrine of the hinterland, the word is applied to the inland region lying behind a port, claimed by the state that owns the coast. The area from which products are delivered to a port for...

is Italy's largest industrial area, and the FieraMilano fair is considered the largest in Europe. Milan, also, has one of Italy's highest GDP (per capita), about €35,137 (US$ 52,263), which is 161.6% of the EU average GDP per capita.

Milan is also regarded as the true current fashion capital

Fashion capital

A Fashion City or Fashion Capital is a city where the fashion industry has a relevant and important position for the local economy. Production and exporting of fashion goods, as well as fashion events like fashion weeks, trade fairs and awards, boosts its economy and raises its annual revenue,...

of the world, according to the 2009 Global Language Monitor

Global Language Monitor

The Global Language Monitor is an Austin, Texas-based company that collectively documents, analyzes and tracks trends in language usage worldwide, with a particular emphasis upon the English language...

, and annually competes with other major international centres, such as New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

, Paris

Paris

Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...

, Rome

Rome

Rome is the capital of Italy and the country's largest and most populated city and comune, with over 2.7 million residents in . The city is located in the central-western portion of the Italian Peninsula, on the Tiber River within the Lazio region of Italy.Rome's history spans two and a half...

, London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, Los Angeles

Los Ángeles

Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...

and Tokyo

Tokyo

, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...

. Major fashion houses and labels, such as Versace

Versace

Gianni Versace S.p.A. , usually referred to as Versace, is an Italian fashion label founded by Gianni Versace in 1978.The first Versace boutique was opened in Milan's Via della Spiga in 1978, and its popularity was immediate. Today, Versace is one of the world's leading international fashion houses...

, Gucci

Gucci

The House of Gucci, better known simply as Gucci , is an Italian fashion and leather goods label, part of the Gucci Group, which is owned by French company PPR...

, Armani, Valentino

Valentino SpA

Valentino SpA is a clothing company founded in 1959 by Valentino Garavani. Nowadays it is a part of Valentino Fashion Group. New creative directors Maria Grazia Chiuri and Pier Paolo Piccioli will take Alessandra Facchinetti's seat as creative designer...

, Prada

Prada

Prada S.p.A. is an Italian fashion label specializing in luxury goods for men and women , founded by Mario Prada.-Foundations:...

, Dolce & Gabbana

Dolce & Gabbana

Dolce & Gabbana is an Italian luxury industry fashion house. The company was started by the Italian designers Domenico Dolce and Stefano Gabbana in Milan, Italy. By 2005 their turnover was €597 million....

, Moschino

Moschino

Moschino is an Italian fashion design house and manufacturer of women's, men's and children's fashion.-History:The brand was originally created in 1983 by the late Franco Moschino...

and Missoni

Missoni

Missoni is an Italian fashion house based in Varese. It is famous for its unique knitwear, made from a variety of fabrics in colourful patterns. The company was founded by Ottavio and Rosita Missoni in 1953.-Brands:...

are headquartered in the city, which greatly contribute to its economy.

Economic history

Milan was, in the late 12th century, a wealthy and industrious city, as the production of armour

Armour

Armour or armor is protective covering used to prevent damage from being inflicted to an object, individual or a vehicle through use of direct contact weapons or projectiles, usually during combat, or from damage caused by a potentially dangerous environment or action...

s and wool

Wool

Wool is the textile fiber obtained from sheep and certain other animals, including cashmere from goats, mohair from goats, qiviut from muskoxen, vicuña, alpaca, camel from animals in the camel family, and angora from rabbits....

, led the Lombard town to become rich. During the Renaissance, along with Venice

Venice

Venice is a city in northern Italy which is renowned for the beauty of its setting, its architecture and its artworks. It is the capital of the Veneto region...

and Florence

Florence

Florence is the capital city of the Italian region of Tuscany and of the province of Florence. It is the most populous city in Tuscany, with approximately 370,000 inhabitants, expanding to over 1.5 million in the metropolitan area....

, in the making of luxury good

Luxury good

Luxury goods are products and services that are not considered essential and associated with affluence.The concept of luxury has been present in various forms since the beginning of civilization. Its role was just as important in ancient western and eastern empires as it is in modern societies...

s, textile

Textile

A textile or cloth is a flexible woven material consisting of a network of natural or artificial fibres often referred to as thread or yarn. Yarn is produced by spinning raw fibres of wool, flax, cotton, or other material to produce long strands...

s, hat

Hat

A hat is a head covering. It can be worn for protection against the elements, for ceremonial or religious reasons, for safety, or as a fashion accessory. In the past, hats were an indicator of social status...

s and fabric

Fabric

A fabric is a textile material, short for "textile fabric".Fabric may also refer to:*Fabric , the spatial and geometric configuration of elements within a rock*Fabric , a nightclub in London, England...

s, and the city cultivated such as reputation that the English word "millinery
Hat
A hat is a head covering. It can be worn for protection against the elements, for ceremonial or religious reasons, for safety, or as a fashion accessory. In the past, hats were an indicator of social status...

", referring to women's hats in the 19th century, came from the word "Milan". Towards the late 19th and early 20th centuries, Milan became a major European industrial centre for the automotive industry

Automotive industry

The automotive industry designs, develops, manufactures, markets, and sells motor vehicles, and is one of the world's most important economic sectors by revenue....

, chemicals, textile

Textile

s, tool

Tool

A tool is a device that can be used to produce an item or achieve a task, but that is not consumed in the process. Informally the word is also used to describe a procedure or process with a specific purpose. Tools that are used in particular fields or activities may have different designations such...

s, heavy machinery and book

Book

A book is a set or collection of written, printed, illustrated, or blank sheets, made of hot lava, paper, parchment, or other materials, usually fastened together to hinge at one side. A single sheet within a book is called a leaf or leaflet, and each side of a leaf is called a page...

and music

Music

Music is an art form whose medium is sound and silence. Its common elements are pitch , rhythm , dynamics, and the sonic qualities of timbre and texture...

publishing, with companies such as Alfa Romeo

Alfa Romeo

Alfa Romeo Automobiles S.p.A. is an Italian manufacturer of cars. Founded as A.L.F.A. on June 24, 1910, in Milan, the company has been involved in car racing since 1911, and has a reputation for building expensive sports cars...

opening up. After the city's World War II

World War II

World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

bombings and the opening of the Milan (camp)

Milan (camp)

Milan was a post World War II displaced person camp in the city of Milan, one of the few such camps in a major Italian city. The city also served as the administrative centre for refugees in northern Italy....

for refugees, the city witnessed an "economic miracle", with new buildings being built (such as the Pirelli Tower

Pirelli Tower

The Pirelli Tower , is a skyscraper in Milan, Italy.-History:...

), more industries opening up and many immigrants from Southern Italy and China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

immigrating to the city. The city experienced a strong flow of immigrants, and became a major international

International

----International mostly means something that involves more than one country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries...

and cosmopolitan

Multiculturalism

Multiculturalism is the appreciation, acceptance or promotion of multiple cultures, applied to the demographic make-up of a specific place, usually at the organizational level, e.g...

centre for expatriate employees. A study showed that by the late-1990s, more than 10% of the city's workers were foreigners. In January 2008, according to ISTAT

Istituto Nazionale di Statistica

Istituto Nazionale di Statistica is the Italian national statistical institute.-History:Istat was created in 1926 to collect and organize essential data about the nation. Administering the census is one of its activities...

statistics, it was estimated that 181,393 foreign-born immigrants lived in the city, rapresenting 13.9% of the total population.

Production and sectors

Milan had a strong industrial and economic production after the war, however, it fell slightly in the late 1990s

1990s

File:1990s decade montage.png|From left, clockwise: The Hubble Space Telescope floats in space after it was taken up in 1990; American F-16s and F-15s fly over burning oil fields and the USA Lexie in Operation Desert Storm, also known as the 1991 Gulf War; The signing of the Oslo Accords on...

and early 2000s, especially with the tangentopoli

Tangentopoli

Tangentopoli is a term which was coined to describe pervasive corruption in the Italian political system exposed in the 1992-6 Mani Pulite investigations, as well as the resulting scandal, which led to the collapse of the hitherto dominant Christian Democracy party and its allies.-Popular distrust...

political scandal. However, from 2004 onwards, economic growth started to increase again, with an average of 1%, below Lombardy

Lombardy

Lombardy is one of the 20 regions of Italy. The capital is Milan. One-sixth of Italy's population lives in Lombardy and about one fifth of Italy's GDP is produced in this region, making it the most populous and richest region in the country and one of the richest in the whole of Europe...

(whose grwoth rate was 4.6%) and the Italy

Italy

Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

's 2004 6% average, and a significant reduced production in some industries: footwear (-11.4 %), textiles (-6.1%) and clothing (-5%). The bulk of the plastic (-2%), chemicals (-1.8%) and mechanics (-1.6%) industries show a downward trend. Publishing production decreased by -2.6%, while the wood-processing industry production decreased by -1.2%. In contrast, despite an industrial decrease in production, Milan has had a rapid and strong growth in the tertiary and quaternary sectors, with logistics and transport (+6.8%) and food (+1.7%). Milan also has an important role in book production and publishing. It is the most important city in the nation for publishing.

Exports, imports and trade

Milan's main trading partners are Switzerland

Switzerland

Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

, Turkey

Turkey

Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...

and the European Union

European Union

The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

(especially Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

and France

France

The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

). In non-European trade, the main trading, exporting and importing partners are China

China

, Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

, the countries of North Africa, Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

and United Arab Emirates

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

. The city's main export products are electronics, electrical engineering, steel, textile and clothing products and motor vehicles (which, however, has dropped drastically in 2005 by 28,6%). On import side of things, the main partners in Milan South Korea

South Korea

The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

, Thailand

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

, India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

, China

China

, Hong Kong

Hong Kong

, Taiwan

Taiwan

Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...

and Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

. The imported goods from around 86% of these countries. Also the city imports a significant amount from South America

South America

South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...

n countries and the European Union (Germany

Germany

, Belgium

Belgium

Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...

, Netherlands

Netherlands

The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...

are the main partners).

Employment

The employment rate is around 95-96% (4-5% unemployment) in Milan which is far higher than the national average of 92-93% (7-8% unemployment). This proportion is of employment is lower amongst women (87-88%). The town is in great demand of highly skilled workers, 16-17% of the country, compared to 8-9%.

Fashion

In 2009, Milan is regarded as the world fashion capital

Fashion capital

, even beating New York

New York

, Paris

Paris

Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...

, Rome

Rome

and London

London

. Most of the major Italian fashion

Italian fashion

Italy is one of the leading countries in fashion design, alongside others such as France, USA, Great Britain and Japan. Fashion has always been an important part of the country's cultural life and society, and Italians are well known for their attention to dressing-up well; "la bella figura", or...

brands, including Valentino

Valentino SpA

, Gucci

Gucci

The House of Gucci, better known simply as Gucci , is an Italian fashion and leather goods label, part of the Gucci Group, which is owned by French company PPR...

, Versace

Versace

, Prada

Prada

Prada S.p.A. is an Italian fashion label specializing in luxury goods for men and women , founded by Mario Prada.-Foundations:...

and Dolce & Gabbana

Dolce & Gabbana

, are currently headquartered in the city. Milan also hosts a fashion week

Fashion Week

A fashion week is a fashion industry event, lasting approximately one week, which allows fashion designers, brands or "houses" to display their latest collections in runway shows and buyers and the media to take a look at the latest trends. Most importantly, these events let the industry know...

twice a year, just like other international centres such as Paris

Paris

Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...

, London

London

, Tokyo

Tokyo

, New York

New York

, Los Angeles

Los Ángeles

and Rome

Rome

Companies in Milan

Milan is home to many of Italy's major corporations, and 1 of the world's 100 largest companies, (Unicredit

UniCredit

UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.- Geography :...

), is headquartered in the Lombard metropolis. Other major Milan-based corporations and banks include Luxottica

Luxottica

Luxottica Group S.p.A. is the world's largest eyewear company. Its best known brands include Ray-Ban, Persol and Oakley, Inc.. It also makes sunglasses and prescription frames for a multitude of designer brands such as Chanel and Prada, whose designs and trademarks are used under license...

, Borsa Italiana

Borsa Italiana

The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...

, Telecom Italia Mobile

Telecom Italia Mobile

TIM is Telecom Italia's mobile phone brand, and runs a GSM, EDGE, UMTS and HSDPA network in Italy and Brazil.In Europe, TIM is part of the FreeMove alliance.TIM Peru was sold to América Móvil and rebranded Claro...

(TIM), Banca Intesa

Banca Intesa

Banca Intesa S.p.A. was formed in 1998 from the merger of Cassa di Risparmio delle Provincie Lombarde and Banco Ambroveneto...

, Banca Popolare di Milano

Banca Popolare di Milano

-History:The second cooperative bank in Italy , it was founded in 1865 in Milan by Luigi Luzzatti, who later served as the nation's Prime Minister...

, Vodafone Italy

Vodafone Italy

Vodafone Italia is an Italian mobile telephony operator. The company has 31,000,000 customers and a market share of 33.4%, placing it just behind TIM...

, Odeon TV

Odeon TV

Odeon TV is an Italian television network that offer, with an own television syndication network, a light entertainment program: movies, news and weather bulletins, political debates and variety shows....

, Fininvest

Fininvest

Fininvest is a financial holding company controlled by Silvio Berlusconi's family and managed by Silvio Berlusconi's eldest daughter Marina Berlusconi.-Structure:...

, Lufthansa Italia

Lufthansa Italia

Lufthansa Italia S.p.A was a wholly owned subsidiary of German airline Lufthansa based in the Centro Leoni complex in Morivione, Zone 5, Milan, Italy...

, Esselunga

Esselunga

Esselunga S.p.A. is an Italian retail store chain. Founded in 1957 by brothers Bernardo, Guido and Claudio of the Caprotti family with Nelson Rockefeller, the company is now entirely owned by the Caprotti family through Supermarkets Italiani S.p.A....

, Fineco

Fineco

Fineco is an Italian online bank and brokerage.It is the largest online brokerage firm in Italy with over 800,000 customer accounts.It was founded in 1999 and then integrated with Capitalia....

, Versace

Versace

, Gucci

Gucci

The House of Gucci, better known simply as Gucci , is an Italian fashion and leather goods label, part of the Gucci Group, which is owned by French company PPR...

, La Rinascente

La Rinascente

La Rinascente is a Thai owned Italian retailer operating upscale department stores in the area of clothing, household and beauty products, founded in Milan in 1865 by Luigi and Ferdinando Bocconi....

, Alfa Romeo

Alfa Romeo

, Prada

Prada

Prada S.p.A. is an Italian fashion label specializing in luxury goods for men and women , founded by Mario Prada.-Foundations:...

, Etro

Etro

Etro is an Italian fashion house and manufacturer of fabrics, furnishings and fragrances. It was founded in 1968 by Gimmo Etro. It is still a family business, with menswear headed since 1990 by Kean Etro, while his sister, Veronica, directs womenswear...

, Pirelli

Pirelli

Pirelli & C. SpA is a diverse multinational company based in Milan, Italy. The company, the world’s fifth largest tyre manufacturer, is present in over 160 countries, has 20 manufacturing sites around the world and a network of around 10,000 distributors and retailers.Founded in Milan in 1872,...

, Compagnia Generale di Elettricità

Compagnia Generale di Elettricità

The Compagnia Generale di Elettricità S.p.A. was Italian joint-stock company founded in 1921 in Milan. The company was widely know in Italy as simple acronym CGE, it was primarily owned and managed by General Electric USA....

, 10 Corso Como

10 Corso Como

10 Corso Como is a multifunctional concept dedicated to art, fashion, music, design, cuisine and culture 10 Corso Como was founded in 1990 in Milan, Italy, by gallerist and publisher Carla Sozzani....

, Eurofly

Eurofly

Eurofly was a privately owned airline based in Milan, Italy. Listed on MTA Stock Exchange and controlled by Meridiana, it was Italy’s leading carrier in leisure flights market and mainly operated international, medium to long haul, point-to-point flights....

, Valentino

Valentino SpA

, Armani, Missoni

Missoni

, Moschino

Moschino

Moschino is an Italian fashion design house and manufacturer of women's, men's and children's fashion.-History:The brand was originally created in 1983 by the late Franco Moschino...

, Telelombardia

Telelombardia

Telelombardia is an Milan-based Italian local television network that offer entertainment programs, news and weather bulletins, sports and political debates, variety shows and paid programming....

, RCS MediaGroup

RCS MediaGroup

RCS MediaGroup S.p.A. , based in Milan and listed on the Italian Stock Exchange, is an international multimedia publishing group that operates in daily newspapers, magazines and books, radio broadcasting, new media and digital and satellite TV...

, SEAT Pagine Gialle

Seat Pagine Gialle

SEAT Pagine Gialle is an Italian telephone directories and street maps publisher, active also in the online advertising sector. The UK subsidiary is Thomson Directories Ltd.-External links:***...

and BBPR

BBPR

BBPR was an architectural partnership founded in Milan, Italy in 1932.-The Partners:The partners were Gianluigi Banfi, Lodovico Belgiojoso, Enrico Peressutti, and Ernesto Nathan Rogers...

Tourism

Milan is one of EU's most important tourist destinations; with 1.902 million arrivals in 2007 and 1.914 million in 2008, it places itself 42nd and 52nd respectively, most visited city in the world. According to a particular source, 56% of international visitors to Milan are from Europe, whilst 44% of the city's tourists are Italian, and 56% are from abroad. The most important European Union markets are the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

(16%), Germany

Germany

(9%) and France

France

(6%).

According to a study, most of the visitors who come from the USA to the city go on business matters, whilst Chinese

China

and Japan

Japan

ese tourists mainly take up the leisure

Leisure

Leisure, or free time, is time spent away from business, work, and domestic chores. It is also the periods of time before or after necessary activities such as eating, sleeping and, where it is compulsory, education....

segment. The city boasts several popular tourist attractions, such as the city's Duomo and Piazza

Piazza del Duomo, Milan

Piazza del Duomo is the main piazza of Milan, Italy. It is named after, and dominated by, the Milan Cathedral . The piazza marks the center of the city, both in a geographic sense and because of its importance from an artistic, cultural, and social point of view...

, the Teatro alla Scala, the San Siro Stadium, the Galleria Vittorio Emanuele II

Galleria Vittorio Emanuele II

The Galleria Vittorio Emanuele II is a double arcade in the center of Milan, Italy. The structure is formed by two glass-vaulted arcades intersecting in an octagon covering the street connecting Piazza del Duomo to Piazza della Scala....

, the Castello Sforzesco

Castello Sforzesco

Castello Sforzesco is a castle in Milan, Italy, that used to be the seat and residence of the Duchy of Milan and one of the biggest citadels in Europe and now houses several of the city's museums and art collections.-History:...

, the Pinacoteca di Brera and the Via Montenapoleone

Via Montenapoleone

Via Monte Napoleone, also spelt as Via Montenapoleone, is an elegant and expensive street in Milan, Italy, famous for its ready-to-wear fashion and jewelry shops...

. Most tourists visit sights such as Milan Cathedral, the Castello Sforzesco

Castello Sforzesco

and the Teatro alla Scala, however, other main sights such as the Basilica di Sant'Ambrogio, the Navigli

Navigli

The navigli was a system of navigable and interconnected canals around Milan, Italy.The system consisted of five canals: Naviglio Grande, Naviglio Pavese, Naviglio Martesana, Naviglio di Paderno, Naviglio di Bereguardo. The first three were connected through Milan via the Fossa Interna, also known...

and the Brera district

Brera Academy

The Academy of Fine Arts of Brera, also known as Brera Academy is a public academic institution located in Milan, Italy. It was founded in 1776 by HIM Maria Theresa of Austria.- Overview :...

are less visited and prove to be less popular.

Results from the same study also say that 60% of tourists who visit Milan are male, whilst 40% are female. Over 58% of visitors travel by air, and 26% by car.

The city also has numerous hotels, including the ultra-luxurious Town House Galleria

Town House Galleria

The Seven Stars Galleria is a hotel located in Milan, Italy. It describes itself for marketing purposes as the world's first seven-star hotel, citing the private inspection company Société Générale de Surveillance, although official star classification in Italy includes no rating higher than...

, which is the world's first seven-star

Star (classification)

Stars are often used as symbols for classification purposes. They are used by reviewers for ranking things such as movies, TV shows, restaurants, and hotels. For example, one to five stars is commonly employed to categorize hotels.-Restaurant ratings:...

hotel according to Société Générale de Surveillance

Société Générale de Surveillance

SGS S.A. provides inspection, verification, testing and certification services. With more than 67,000 employees, SGS operates of over 1,250 offices and laboratories around the world....

(five-star superior luxury according to state law, however) and one of The Leading Hotels of the World

The Leading Hotels of the World

The Leading Hotels of the World, Ltd. is a hospitality consortium owned by Hotel Representative, A.G. It represents over 430 hotels and resorts worldwide. Headquartered in New York City, the consortium maintains offices in 24 cities world wide....

. The average stay for a tourist in the city is of 3.43 nights, whilst foreigners stay for longer periods of time, 77% of which stay for a 2-5 night average.

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