India moves up six places on WEF Travel and Tourism Competitiveness Report 2019
India has seen an inspiring improvement on the World Economic Forum’s Travel and Tourism Competitiveness Report 2019 by jumping 6 places to rank 34th out of 140 countries.
India has moved up six places to rank 34th on the global Travel & Tourism Competitiveness Index , driven by rich natural and cultural resources and strong price competitiveness, a World Economic Forum report said on Wednesday.
India’s ranking improved from 40th to 34th, the greatest improvement over 2017 among the top 25 percent of all countries ranked in the report.
“India, which accounts for the majority of South Asia’s travel and tourism GDP, remains the sub-region’s most competitive T&T economy,” the report said.
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.
“India showed the greatest percentage improvement to its overall Travel & Tourism Competitiveness Index score, which has helped it become the only lower-middle income country in the top 35,” the report said and lauded its natural and cultural assets and price competitiveness.
“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 readiness (112th to 105th),” it noted.
The Travel & Tourism Competitiveness Index, that covered 140 economies, 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 report further added that Asia-Pacific was one of the fastest-growing travel and tourism regions in this year’s ranking.
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.
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.