According to a study done by the International Congress & Convention Association (ICCA), Curitiba is the sixth Brazilian city with the largest number of international events and, according to the FIPE, is the third city to receive foreign tourists for business. In 2006, the city placed 6th among the best Brazilian cities to hold events and tourism business; in the same year, the flow of tourists outnumbered the number of inhabitants. Out of about the 2 million visitors, approximately half landed the business. To attend the growing demand, the number of hotels in the city has developed and is now considered the fourth largest in the country. Curitiba and its Metropolitan Area have a modern hotel infrastructure, with 150 hotels and service flats totaling 18 thousand beds (as per May 2005). The good restaurants and customized services are approved by 92.4% of those who leave the city, according the Secretariat of State for Tourism of Paraná. In 2007, Curitiba was elected as one of the 4 best Brazilian cities for travel and tourism, according to a major Brazilian magazine about tourism. In 2008 another important magazine said that Curitiba is the best cultural destination and better cost-benefit to tourism in the South region of Brazil.