{"id":296830,"date":"2024-05-24T18:40:49","date_gmt":"2024-05-24T13:10:49","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=296830"},"modified":"2024-05-24T18:40:49","modified_gmt":"2024-05-24T13:10:49","slug":"travel-tourism-development-index-2024","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/travel-tourism-development-index-2024\/","title":{"rendered":"Travel & Tourism Development Index 2024"},"content":{"rendered":"

Source<\/strong>-This post on Travel & Tourism Development Index 2024 <\/strong>has been created based on the article “India ranks 39th on the World Economic Forum\u2019s Travel & Tourism Development”<\/a> <\/strong>published in \u201cTimes Travel<\/b>\u201d on 24 May 2024.<\/p>\n

Why in News?<\/h2>\n

India has raised its ranking in the newly released Travel & Tourism Development Index compared to the previous report.<\/p>\n

About Travel & Tourism Development Index 2024<\/h2>\n

1.This index is second edition and it has evolved from a flagship series produced by the World Economic Forum since 2007. <\/span><\/p>\n

2. It is developed in partnership with the University of Surrey and incorporating insights from top Travel & Tourism (T&T) stakeholders, thought leaders, and data partners.<\/p>\n

3. It evaluates the factors and policies that facilitate sustainable and resilient T&T development.<\/p>\n

4. India holds the 39th position, making it the highest-ranked nation in South Asia and among other lower-middle-income economies. This is a notable rise from the 54th position in 2021.<\/span><\/p>\n

2.\u00a0 Factors Influencing India’s Improved Ranking:<\/strong><\/p>\n

a) Cultural and Natural Attractions:<\/strong> India’s rich cultural heritage and diverse landscapes contribute significantly to its appeal as a travel destination.<\/p>\n

b) Investments in Tourism:<\/strong> Increased investments in tourism infrastructure, along with efforts to enhance sustainability and safety in travel and tourism, have positively impacted India\u2019s ranking.<\/p>\n

c) Competitive Advantages:<\/strong> India is highly ranked for its price competitiveness (18th), air transport (26th), and ground and port infrastructure (25th).<\/p>\n

It stands out as one of only three countries ranked in the top 10 across all resource pillars, with Natural Resources at 6th and Cultural and Non-Leisure Resources at 9th.<\/p>\n

Challenges and Current Performance<\/h2>\n

a) Performance Decline Since 2019:<\/strong>\u00a0 Despite the overall improvement, India’s TTDI score in 2024 is 2.1% lower than in 2019, influenced by global inflation and supply issues.<\/p>\n

b) Recovery from Pandemic:<\/strong> While there has been a decline in price competition, and air transport and tourist services have not fully rebounded to 2019 levels, there is optimism as the sector begins to recover post-pandemic.<\/p>\n

Global Tourism Trends and Outlook<\/h2>\n

The lifting of COVID-19 travel restrictions and increased travel demand are expected to drive a significant resurgence in international tourist arrivals.<\/p>\n

The travel and tourism sector\u2019s contribution to global GDP is anticipated to return to pre-pandemic levels this year, boosting the global industry.<\/p>\n

UPSC Syllabus: \u00a0Index and Reports\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on Travel & Tourism Development Index 2024 has been created based on the article “India ranks 39th on the World Economic Forum\u2019s Travel & Tourism Development” published in \u201cTimes Travel\u201d on 24 May 2024. Why in News? India has raised its ranking in the newly released Travel & Tourism Development Index compared to… Continue reading Travel & Tourism Development Index 2024<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1305],"tags":[11872,11981],"class_list":["post-296830","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-index-reports-bodies","tag-9pm-daily-factly","tag-times-travel","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/296830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=296830"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/296830\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=296830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=296830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=296830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}