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Tuesday, December 6, 2022

India jumps 6 places to 34th rank on world travel and tourism

India has moved up six places to rank 34th from the 40th place on world travel and tourism competitiveness index (TTCI), according to World Economic Forum (WEF) report. The report states that India had the greatest improvement over 2017 among the top 25 per cent of all countries ranked in the report.     

In 2015, India had been ranked at 52nd and at 40th in 2017.

India showed the greatest percentage improvement to its overall TTCI score, which has helped it become the only lower-middle income country in the top 35, it says.

The report further states that Thailand, Brazil and India—which are not high-income economies but rank in the top 35 on the TTCI—stand out in this quartile through their combination of rich natural and cultural resources and strong price competitiveness.

“India, which accounts for the majority of South Asia’s T&T GDP, remains the subregion’s most competitive T&T economy, moving up six places to rank 34th globally. From a subregional perspective, the nation has better air (33rd) and ground and port infrastructure (28th), international openness (51st) and natural (14th) and cultural resources (8th). Compared to global benchmarks, the country can also add price competitiveness (13th) to its roster of strengths. However, India still needs to enhance its enabling environment (98th), tourist service infrastructure (109th) and environmental sustainability (128th),” the report states.

According to the report, aside from the aforementioned high ranking of 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 ICT readiness (112th to 105th). Of all the other quartiles, the top 25% was the only one to improve its average performance on the Business Environment pillar, with India, China (92nd to 53rd), and the United States (16th to 4th) showing the greatest percentage increases.

Spain held on to the top spot in the World Economic Forum’s (WEF) latest Travel and Tourism Competitiveness Report (TTCR), which ranked 140 countries on their relative strengths in global tourism and travel. Spain was followed by France, Germany and Japan, with the United States replacing the UK in the top five.

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