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TRAVEL AND TOURISM COMPETITIVENESS INDEX 2019

Written by Talent KAS

Related Topics: Reports &Indices, World Economic Forum

News

Travel & Tourism Competitiveness Index for 2019 has been released by the World Economic Forum (WEF)

Performance of India

  • India’s ranking improved from 40th to 34th, the greatest improvement over 2017 among the top 25 per cent of all countries ranked in the report.
  • India, which accounts for the majority of South Asia’s T&T (travel and tourism) GDP, remains the sub-region’s most competitive T&T economy.
  • From a sub-regional perspective, the India has better air infrastructure (33rd) and ground and port infrastructure (28th), international openness (51st) and natural (14th) and cultural resources (8th).
  • India also greatly improved its business environment (89th to 39th), overall T&T policy and enabling conditions (79th to 69th), infrastructure (58th to 55th) and information and communications technology (ICT) readiness (112th to 105th).
  • However, India still needs to enhance its enabling environment (98th), tourist service infrastructure (109th) and environmental sustainability (128th).

Global Ranking

  • Spain held on to the top spot in the ranking, followed by France, Germany and Japan, with the United States replacing the UK in the top five.
  • Others in the top 10 list include the United Kingdom at the 6th place, Australia (7th), Italy (8th), Canada (9th) and Switzerland (10th).
  • Japan remains Asia’s most competitive travel and tourism economy, ranking 4th globally, while China is by far the largest travel and tourism economy in Asia-Pacific and 13th most competitive globally (up two spots).
  • Pakistan (121st) remains the least competitive country in South Asia when it comes to T&T, including the region’s least favourable safety and security (134th) conditions.

Key Findings

  • The biennial study showed resilient growth in travel and tourism sector, with scores rising in most countries, but also warned of an approaching ‘tipping point’, where factors like less expensive travel and fewer tourist barriers increase demand to unsustainable levels.
  • Asia-Pacific was one of the fastest-growing travel and tourism regions in this year’s ranking.
  • As per the report, China, Mexico, Malaysia, Thailand, Brazil and India — which are not high-income economies but rank in the top 35 in the overall list — stand out in the Cultural Resources and Business Travel Pillar through their combination of rich natural and cultural resources and strong price competitiveness.

About Travel & Tourism Competitiveness Index (TTCI)

  • The Index measures the set of factors and policies that enable sustainable development of travel and tourism sector which contributes to the development and competitiveness of a country.
  • The 140 economies were ranked in four sub-indexes: enabling environment, travel and tourism policy and enabling conditions, infrastructure, and natural and cultural resources.
  • Together, these four sub-indexes include a total of 14 pillars, which are used to score a country’s overall travel and tourism competitiveness.
  • The index has been developed in the context of the World Economic Forum’s Industry Programme for Aviation, Travel and Tourism, as part of the Platform for Shaping the Future of Mobility.
  • It is undertaken in close collaboration with data partners Bloom Consulting, STR Global, International Air Transport Association (IATA), International Union for Conservation of Nature (IUCN), the World Tourism Organization (UNWTO), and World Travel & Tourism Council (WTTC).
[Source: Business Standard, weforum.org]

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Talent KAS

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