Buenos Aires (i.e. mayor) in 1996; previously, the mayor was directly appointed by the President of the Republic. Buenos Aires is considered an 'alpha city' by the study GaWC5. Buenos Aires' quality of life was ranked 91st in the world, being one of the best in Latin America in 2018. It is the most visited city in South America, and the second-most visited city of Latin America (behind Mexico City). Buenos Aires is a top tourist destination, and is known for its preserved Eclectic European architecture and rich cultural life. Buenos Aires held the 1st Pan American Games in 1951 as well
Buenos Aires host city of the 2020 Summer Olympics and Thomas Bach was new IOC President. Buenos Aires bid to host the 2018 Summer Youth Olympics. On 4 July 2013, the IOC elected Buenos Aires as the host city. Buenos Aires hosted the 2006 South American Games too. Juan Manuel Fangio won five Formula One World Driver's Championships, and was only outstripped by Michael Schumacher, with seven Championships. The Buenos Aires Oscar Gálvez car-racing track hosted 20 Formula One events as the Argentine Grand Prix, between 1953 and 1998; it was discontinued on financial grounds. The track features various local categories on