Davos, Switzerland

Capital City

With a permanent population of just 10,832, Davos is a tiny Alpine town that punches above its weight as a global hub for the wealthy and powerful. While hosting the annual World Economic Forum puts it on the map, the bureaucracy can be a persistent headache for residents. And despite its reputation as a winter wonderland, the harsh subalpine climate means Davos is not for the faint of heart. Overall, this is a town best suited for the international elite seeking a high-altitude refuge - everyone else may find the reality a bit chilly.