Travel & Tourism Competitiveness Index(TTCI) Report

News:World Economic Forum(WEF) has released the Travel & Tourism Competitiveness Index(TTCI) Report

Facts:

About Travel & Tourism Competitiveness Index(TTCI)

  • The index is published biennially by World Economic Forum(WEF).The Index ranks 140 economies.
  • The countries are ranked in four sub-indexes namely (a)enabling environment (b)travel and tourism policy and enabling conditions, (c)infrastructure and (d)natural and cultural resources.

Key takeaways from the Travel & Tourism Competitiveness Index(TTCI)

  • The index has ranked India at 34th place.Earlier.India was ranked 40th in 2018.
  • Spain was ranked first followed by France,Germany and Japan with the United States replacing the UK in the top five.
  • The index has said that China is the largest travel and tourism economy in the Asia-Pacific and 13th most competitive globally.

Additional Information:

World Economic Forum(WEF)

  • WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva,Switzerland.
  • The objective of WEF is to improve the state of the world by engaging business,political,academic and other leaders of society to shape global,regional and industry agendas.