Published on : Thursday, April 20, 2017
In the WEF’s Travel and Tourism Competitiveness Report 2017, released recently, Spain, France and Germany continue to bag the top spots in the travel and tourism rankings. Asia steals the show as the region’s largest economies with the greatest rise in tourism-friendliness. The report ranks 136 countries across 14 separate dimensions. It shows how respective countries can deliver sustainable economic and societal benefits via travel and tourism sector.
The report shows that in an otherwise stagnant global economy, the travel and tourism industry is a beneficial force. The global travel and tourism sector accounts for 10% of global GDP. The sector grows faster than other sectors providing one in 10 jobs. This growth is supported by increasing accessibility and affordability of travel, in spite of challenges in environment and other factors.
The top three in the ranking – Spain, France and Germany – have secured their position thanks to world-class natural and cultural resources, outstanding infrastructure and hospitality services. The World Economic Forum produced the report in collaboration with its data partners Bloom Consulting, Deloitte, the International Air Transport Association (IATA), the International Union for Conservation of Nature (IUCN), the United Nations World Tourism Organization (UNWTO) and the World Travel & Tourism Council (WTTC).