NEWS – India’s ranking in the World Economic Forum’s Travel & Tourism Development Index 2024 has significantly improved, placing it 39th globally and the highest in South Asia. This marks a notable advancement from its 54th position in 2021

HIGHLIGHTS

Reasons for Improved Rank

1. Rich Cultural Heritage: India’s diverse cultural heritage is a major draw for tourists.
2. Investments in Tourism Infrastructure: Increased investments have enhanced tourism facilities.
3. Sustainability and Safety Efforts: Focus on sustainable tourism practices and safety measures.
4. Growing Appeal: India’s rising attractiveness as a travel destination contributes to the improved ranking.

Key Points from the Report

• Top Countries: The United States leads the index, followed by Spain, Japan, France, and Australia.
• India’s Strengths: India ranks high in price competitiveness, air transport, and ground/port infrastructure.
• Resource Pillars: India excels in natural resources (6th rank), cultural resources (9th rank), and non-leisure resources (9th rank).
• Sustainability: Despite a decline compared to 2019, India performs well in travel and tourism demand sustainability.

Challenges and Impact

• Inflation and Supply Issues: Global factors like inflation and supply issues have impacted India’s tourism sector.
• Price Competition and Air Transport: India faces challenges in price competition and air transport recovery.
• Expectations for Recovery: With COVID-19 travel restrictions easing, international tourist arrivals and the tourism sector’s contribution to global GDP are expected to return to pre-pandemic levels.