Singapore tops the Travel and Tourism Competitiveness Index in South-East Asia

Published on : Monday, April 17, 2017

world economic forum-3629Malaysia is head of of Thailand in the Travel and Tourism Competitiveness Index 2017 by the World Economic Forum (WEF). Singapore topped the table among the nine nations in South-East Asia with Malaysia second, followed by Thailand and Indonesia, as per the report.

 

The WEF is a Swiss non-profit foundation that engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.

 

The WEF report engages leaders in the travel and tourism industry to carry out an in-depth analysis of its industries’ competitiveness of 136 economies that account for over 98% of the world’s GDP.

 

The index measures a set of “factors and policies that enable the sustainable development of the travel and tourism sector”, which includes international openness, prioritisation of travel and tourism, human resources and labour market, health and hygiene, and safety and security.

 

Spain which had a score of 5.43 tops the rankings for the second time due to its unique offering of both cultural and natural resources. It is followed by France, Germany, Japan and United Kingdom.

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