Bad news for Sydneysiders:

Sydney is losing its shine as one of the world’s great cities for a holiday.

For the second consecutive year Sydney, once the undisputed No. 1 ranked city on the planet, has slipped further down the ladder on a respected annual survey of world travellers.

Melbourne, Brisbane, Adelaide, Perth, Darwin and Hobart residents shouldn’t snigger, as their cities failed to make Travel+Leisure magazine’s Top 10 World’s Best Cities poll.

Sydney is in the top 10, but is on the slide.

The poll, released in the US on Tuesday, ranked Sydney as the fifth best city in the world.

Italy’s Florence was voted No. 1, Buenos Aires was second, Bangkok third and Rome fourth.

Last year, Sydney was ranked fourth.

It has been a fall from grace for Sydney as Travel+Leisure’s subscribers, who decide the poll, for almost a decade had the harbour city as their top city in the world.

In eight of the last 12 years, Sydney was ranked No. 1.

This year Sydney beat New York (sixth), Udaipur, India (seventh), Istanbul (eighth), San Francisco (ninth) and Cape Town (tenth).

Just for the record, I think Sydney is a great place to visit, but unless I had a lot of money to afford a home on the harbor and had a boat there is no way I would want to live there.