Spain has emerged as the second most competitive economy in the global travel and tourism sector, according to the Travel & Tourism Development Index (TTDI) 2024. Spain’s impressive score of 5.18, just behind the United States, highlights its strong position in attracting visitors and fostering economic growth through tourism.
Indonesia has set its sights on breaking into the top 15 of the Travel & Tourism Development Index (TTDI) after achieving a significant milestone by ranking 22nd in 2023. The country is focused on enhancing cross-sector collaboration, improving infrastructure, and promoting sustainable tourism practices to further elevate its standing on the global stage.
The World Economic Forum (WEF) has released its annual Travel & Tourism Development Index (TTDI), highlighting the resurgence of the travel and tourism industry in 2024. Despite the challenges posed by the pandemic, the WEF predicts passenger numbers to return to pre-pandemic levels, driven by pent-up demand. Among the top-ranked countries, the US, Spain, and Japan emerge as the leaders. Europe dominates the top 10 economies for travel and tourism, with 26 of the top 30 scorers being high-income countries. However, the report also notes challenges facing the industry, including labor shortages, fiscal constraints, and the need for sustainable growth.
