India has witnessed a big improvement in its ranking in the Travel & Tourism Competitiveness Report 2019. The country has climbed from 40th rank in 2017 to 34th for 2019.The report published by the World Economic Forum, revealed that India witnessed the greatest percentage improvement in its overall score, thereby, becoming the only lower-middle income country to make it to the top 35 list.
Inspite of not being considered as high-income economies, Thailand, Brazil and India, made it to be in the top 35 list, chiefly because of their rich natural and cultural resources, and strong price competitiveness. The report also revealed India also witnessed an improvement in business environment and environmental sustainability factors. However, India witnessed a decline in its ranking on four out of the 14 broad factors since the last report, on which the other 140 countries were ranked by World Economic Forum.
The top 35 economies in the World Economic Forum’s Travel and Tourism rankings account for 84% of the global travel and tourism GDP, and approximately 70 % of all international tourist arrivals. From the 35 countries in the list, 6 belong from high-income economies, 20 from Europe, 10 from Asia-Pacific, 4 from the Americas and 1 from the Middle East and North Africa region.