Travel & Tourism Development Index 2024

I N S I G H TR E P O R TM A Y2 0 2 4 Contents DisclaimerThis document is published by the World Economic Forum as a contribution to a project, insightarea or interaction. The findings, interpretations and conclusions expressed herein are a result of acollaborative process facilitated and endorsed by the World Economic Forum but whose results donot necessarily represent the views of the World Economic Forum, nor the entirety of its Members,Foreword3Executive summary41About the Travel & Tourism Development Index 202461.1Index overview81.2Data and methodology101.3Economy coverage102At a glance: Travel & Tourism Development Index 2024 overall rankings113Global context124Index results overview145Dimension results185.1Enabling Environment195.2T&T Policy and Enabling Conditions215.3Infrastructure and Services245.4T&T Resources255.5T&T Sustainability286Regional results316.1The Americas336.2Asia-Pacific356.3Europe and Eurasia376.4Middle East and North Africa396.5Sub-Saharan Africa417Special focus: Leveraging T&T to address future global challenges437.1The future global risk landscape447.2Leveraging T&T for environmental sustainability457.3Leveraging T&T for socioeconomic prosperity477.4Leveraging T&T for global connectivity, peace and cultural exchange497.5Leveraging T&T and technology for positive impact50Conclusion52Technical notes and methodology53Appendix A: Travel & Tourism Development Index methodology53Appendix B: Data definitions and sources66Appendix C: Income group and regional classifications80Appendix D: Partner Institutes82Contributors91Endnotes94 Partners or other stakeholders. © 2024 World Economic Forum. All rights reserved. No part of this publication may be reproducedor transmitted in any form or by any means, including photocopying and recording, or by anyinformation storage and retrieval system. Foreword Driven by the end of pandemic-related restrictionsand robust pent-up demand, global internationaltourist arrivals are expected to reach pre-pandemiclevels in 2024, highlighting the resiliency of the Traveland Tourism (T&T) sector and people’s strong desireto travel. However, the recovery has not been withoutits challenges. Uneven regional and market-segmentrecoveries, labour shortages and supply anddemand imbalances have all characterized the pastfew years of T&T development. Meanwhile, externalmacroeconomic, geopolitical and environmentalfactors such as high rates of global inflation andinterest rates, conflicts in Europe and the MiddleEast and wildfires in destinations such as Greecehave generated additional pressure on the sector.In the coming years, the impact of climate change,geopolitical tensions, macroeconomic uncertaintyand the application of new digital technologies suchas artificial intelligence (AI) represent just some ofthe challenges facing T&T and the broader globalcommunity. Within this context, it has become criticalfor T&T decision-makers and stakeholders not just tofocus on improving sector readiness for future risksand opportunities, but also to ensure that the sectoraccounts for its economic, social and environmentalimpact and is a driver of global prosperity. it faces as it moves past the COVID-19 pandemic.Furthermore, the publication’s special focus sectionuses index results and other research to provide ahigh-level overview of the likely future global risksand challenges landscape and looks at how thesector could help to address elements such aseconomic inequality, environmental threats linkedto climate change and pollution, technologicalinnovation and global connectivity. We emphasizethat to achieve this potential, public- and private-sector leaders and other key stakeholders need toproactively shape T&T to become more resilient,inclusive and sustainable. Francisco BettiHead, Global IndustriesTeam; Member of theExecutive Committee,World Economic Forum Following the World Economic Forum’smultistakeholder approach, this report is based ona thought leadership and research collaborationbetween the Forum and the University of Surrey.Through this new knowledge partnership, we havebeen able to make several upgrades to the TTDI,including the addition of new index componentsand data that allow for better coverage of theT&T sector’s environmental and socioeconomicimpact, while making it more T&T-specific, conciseand consistent in economy coverage. This workcould not have been done without the valuableinput of a network of distinguished thinkers andpractitioners who provided their knowledge andinsights. We are grateful to our advisory group, whichcomprises representatives from Bloom Consulting,the European Travel Commission (ETC), the GlobalSustainable Tourism Council (GSTC), the HongKong Polytechnic University, the International AirTransport Association (IATA), JLL Hotels & HospitalityGroup, Mastercard, New York University, the PacificAsia Travel Association (PATA), Trip.com Group,the University of Surrey, Visa, the World Bank, theUnited Nations World Tourism Organization