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WEF's Travel & Tourism Development Index 2024
Context
India has climbed to the 39th spot in the World Economic Forum's Travel & Tourism Development Index 2024, marking a significant rise from its 2021 ranking of 54th.
Key-findings:
- Topic 10 countries: United States, Spain, Japan, France, Australia, Germany, the United Kingdom, China, Italy and Switzerland.
- The United States claimed the top position.
- Among the world’s top 10 economies, India had the sharpest decline (compared to 2019 levels), followed by the UK, which slipped three spots to seventh.
- China have also seen a significant increase in tourism numbers this year, while the Middle East has seen tourism levels jump to about 20% above pre-pandemic levels.
- Africa, Europe and the Americas also showed considerably high recovery rates of around 90% last year.
Findings for India
- Despite the challenges posed by the pandemic, India emerged as the highest-ranking country in South Asia and among the lower-middle-income economies.
- The country demonstrated high price competitiveness (18th) and boasted competitive air transport (26th) and ground and port infrastructure (25th). Particularly noteworthy were India's robust natural (6th), cultural (9th), and non-leisure (9th) resources, which contributed significantly to driving travel.
- India was among the top three countries scoring in the top 10 for all resource pillars.
- Despite a slight decline compared to 2019, India still scored well for travel and tourism demand sustainability, with a focus on sustainable long stays among inbound visitors.
- Challenges: Challenging business environment, inadequate transport, information technology, infrastructure and tourist facilities
Fact Box:About Travel & Tourism Development Index (TTDI)
Government Schemes Promoting Tourism
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