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Travel and Hospitality
Business Fortune
04 October, 2024
With a remarkable score of 5.18, Spain is second-most competitive economy in the world's travel and tourism industry, behind only the United States, which tops the list with a score of 5.24.
This rating emphasizes Spain’s considerable position in the worldwide tourist sector, displaying its capacity to attract visitors and stimulate the economy through travel and tourism.
In five major categories—Enabling Environment, Travel & Tourism (T&T) Policy & Enabling Conditions, Infrastructure and Services, T&T Resources, and T&T Sustainability—119 economies are assessed in the Travel & Tourism Development Index (TTDI) 2024. The United Kingdom's seventh-place finish on the list highlights how competitive the world's top tourist destinations are.
The Travel & Tourism Competitiveness Index (TTCI) series is the source of the TTDI 2024, which is the index's second iteration. The World Economic Forum (WEF) rating, which was first released in 2007, has been a reliable resource for learning about the growth and competitiveness of the travel industry throughout the globe.
Spain's strong infrastructure, varied landscapes, and rich cultural heritage are reflected in its travel ranking. The nation is a popular tourism destination for people all over the world because of its beautiful natural landscape, historic attractions, and energetic cities. Spain keeps growing its attractiveness as a top travel destination throughout the world with its continuous investments in sustainable practices and tourism infrastructure.
The index also emphasizes the significance of strategic frameworks and policies that support the creation of an environment that is conducive to travel and tourism. Spain's ability to compete is greatly influenced by its dedication to developing tourism policy and boosting tourist experiences. As nations continue to negotiate the intricacies of the tourism landscape, Spain’s high performance in the TTDI offers as a paradigm for how to successfully exploit tourism for economic growth and global competitiveness.