India showed a 6 place jump on world Travel and Tourism Competitiveness Index (TTCI)

By TIN Media | International Published 9 months ago on 1 October 2019
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India has shown a great advancement over the years and primarily on the travel and tourism sector. According to the World Economic Forum (WEF) report, India has moved up six places to rank 34th from the 40th place on world travel and tourism competitiveness index (TTCI). From 2015 it’s a huge jump that India has taken so far. According to the reports, In 2015, India had been ranked at 52nd and then again at 40th in 2017, which is a huge improvement over the years and the best improvement so far among the top 25 per cent of all the countries ranked in the report.

According to the report, India is the only lower-middle-income country entering in the top 35 categories in the list, showing the greatest percentage improvement to its overall TTCI score.

The report further states that due to the combination of rich natural and cultural resources and strong price competitiveness the 3 countries like Thailand, Brazil and India excelled on the Top 35 list in TTCI despite being the low-income economies.

The report states, “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 sub-regional perspective, the nation has better air (ranked 33rd) and ground and port infrastructure (ranked 28th), international openness (ranked 51st) and natural (ranked 14th) and cultural resources (ranked 8th). Compared to global benchmarks, the country can also add price competitiveness (ranked 13th) to its roster of strengths. However, India still needs to enhance its enabling environment (ranked 98th), tourist service infrastructure (ranked 109th) and environmental sustainability (ranked 128th),”

According to the comparison report, aside from the mentioned high ranking of its natural and cultural assets and price competitiveness, India also greatly improved its business environment (jumped from 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 topped the World Economic Forum’s (WEF) latest Travel and Tourism Competitiveness Report (TTCR), basically held and ranked all the 140 countries in terms of their strength in global tourism and travel segment. France, Germany and Japan came next to Spain and then came the United States in the top five list, replacing the United Kingdom.

 

 



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