Travel & Tourism Development Index 2024 (World Economic Forum Financial Services)

Summary

• 71 of the 119 TTDI-ranked economies increased their scores between the 2019 and 2024 editions, but the average index score is just 0.7% above pre-pandemic levels.p.4
• International tourist arrivals reached 88% of the 2019 level in 2023, while T&T's contribution to global GDP is $9.9 trillion.p.13
• The Middle East had the highest recovery rate in international tourist arrivals, 20% above the 2019 level.p.13
• The index comprises five dimensions, 17 pillars and 102 individual indicators.p.8
• The TTDI covers 119 economies, with indicator scores normalized on a scale of 1 to 7.p.10
• Only 19 economies improved their TTDI score by 3.0% or more between the 2019 and 2024 editions.p.16

Key insights

1. Non-high-income economies account for nearly 90% of below-average index scorers.p.5
2. Among the top 30 scorers, 19 are from Europe and seven from Asia-Pacific.p.16
3. ICT Readiness scores have surged by 7.2% since 2019, with 97% of economies showing positive momentum.p.20
4. Price Competitiveness declined by 8.0% since 2021, driven by increasing fuel and operating expenses.p.22
5. Average gasoline prices for ranked economies surged by nearly 20% between 2019 and mid-2023.p.22
6. High-income economies outscored non-high-income ones by 56.0% across the Infrastructure and Services dimension in the 2024 TTDI.p.25
7. Total UNESCO World Heritage sites among ranked countries have risen by 11.3% since 2019.p.27