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Indian Express
15-07-2025
- Business
- Indian Express
India among top 10 global tourism economies in 2024–25: What UPSC aspirants must know
Take a look at the essential events, concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here's your UPSC current affairs knowledge nugget for today on WTTC's 2024 Economic Impact Trends Report and Travel and Tourism Development Index (TTDI) 2024. (Relevance: UPSC frequently asks questions on reports and indices. The key takeaways from these reports are also essential fodder for your Mains examination for intricate points. In 2012, a question was asked in relation to the Multidimensional Poverty Index; in 2019, the question appeared on the Global Competitiveness Report. Therefore, it becomes important to know about the indices and reports that are in the news.) Amid a strong post-pandemic recovery and despite various challenges, the global travel and tourism sector contributed US$10.9 trillion to the world economy in 2023, according to the World Travel & Tourism Council (WTTC). The WTTC's 2024 Economic Impact Trends Report shows the industry on an upward trajectory, with the World Economic Forum (WEF) forecasting the sector to hit $16 trillion by 2034, representing over 11 per cent of global GDP. In this context, let's know where India stands globally in terms of tourism economy and highlights of the Travel and Tourism Development Index (TTDI) 2024. 1. As per the WTTC, the United States remains the world's largest tourism economy in 2024, contributing an unprecedented $2.36 trillion, nearly double that of its closest competitor. China ranks second with $1.3 trillion, and is projected to become the global leader within the next decade. 2. While established players like Germany, the United Kingdom, France, Italy, and Spain continue to hold strong positions in the top 10, Asian economies such as Hong Kong SAR, Malaysia, and the Philippines are fast emerging as regional tourism powerhouses. Japan, notably, climbs to fourth place with a $297 billion contribution. Source: WTTC Economic Impact Research (EIR) 3. India has also made notable progress, now ranking as the eighth-largest tourism economy worldwide with a contribution of $231.6 billion, up from its previous position of tenth. This advancement highlights the country's increasing significance in the sector, with the WTTC forecasting a rise to fourth position within the next decade. 4. Several countries have also seen significant jumps in international tourism spending compared to pre-pandemic levels. These include Saudi Arabia (+91.3 per cent), Türkiye (+38.2 per cent), Kenya (+33.3 per cent), Colombia (+29.1 per cent), and Egypt (+22.9 per cent). Having known the key highlights of WTTC's 2024 Economic Impact Trends Report, let's now learn the key takeaways of a significant global travel and tourism index. 1. The Travel & Tourism Development Index (TTDI) 2024, released by the WEF, is the second edition of an index that evolved from the Travel & Tourism Competitiveness Index (TTCI) series, a flagship index of the WEF that has been in production since 2007. 2. According to WEF's official site, 'The TTDI is part of the Forum's broader work with industry and government stakeholders to build a more sustainable, inclusive, and resilient future for economies and local communities.' 3. The TTDI is a biennial index. It measures the set of factors and policies that enable the sustainable and resilient development of the T&T sector, which in turn contributes to the development of a country. 4. In TTDI 2024, among the 119 countries, the US topped the list. After the US, Spain, Japan, France and Australia figure among the top five in the 2024 list. High-income economies in Europe and Asia-Pacific continued to lead the index. Source: World Economic Forum, compiled by the United Nations World Tourism Organisation. 5. Notably, in Southeast Asia, India ranks 39th as the TTDI's top lower-middle-income economy. It was ranked 54th in the previously published index in 2021. 6. The index, prepared in collaboration with the University of Surrey, showed India is highly price-competitive (18th) and boasts competitive Air Transport (26th) and Ground and Port (25th) infrastructure. 7. In particular, India's strong Natural (6th), Cultural (9th) and Non-Leisure (9th) Resources help drive travel, and the country is only one of three to score in the top 10 for all the resource pillars, the WEF said. 1. The Swadesh Darshan Scheme was launched by the Centre in 2014-15 for the integrated development of theme-based tourist circuits. Under the scheme, the Ministry of Tourism provides financial assistance to states and Union territories for the development of tourism infrastructure. 2. Prominent circuits launched under the scheme included Buddhist Circuit, North-East Circuit, Ramayana Circuit, Wildlife Circuit, Rural Circuit etc. However, the scheme could not take off in a way it was expected to, mainly because resources had to be distributed and spread across several states, with too many stakeholders being involved. 3. Therefore, Swadesh Darshan 2.0, focussing on one destination at a time, to attract domestic tourists, was conceptualised. 4. According to the official site of Swadesh Darshan 2.0, 'With the mantra of 'vocal for local', the revamped scheme, namely Swadesh Darshan 2.0, seeks to attain 'Aatmanirbhar Bharat' by realising India's full potential as a tourism destination. Swadesh Darshan 2.0 is a generational shift to evolve the Swadesh Darshan Scheme as a holistic mission to develop sustainable and responsible tourism destinations covering tourism and allied infrastructure, tourism services, human capital development, destination management and promotion backed by policy and institutional reforms.' The Travel & Tourism Development Index 2024 is released by: (a) Economist Intelligence Unit (b) United Nations Development Programme (c) World Economic Forum (d) World Bank (Sources: World's top 10 biggest tourism economies in 2024–25: India breaks into top 10 at this rank, India's global travel and tourism index rank up at 39th: WEF index,Swadesh Darshan 2.0, Subscribe to our UPSC newsletter. Stay updated with the latest UPSC articles by joining our Telegram channel – Indian Express UPSC Hub, and follow us on Instagram and X. 🚨 Click Here to read the UPSC Essentials magazine for June 2025. Share your views and suggestions in the comment box or at
Gulf Business
15-07-2025
- Business
- Gulf Business
Saudi Arabia tops global tourism revenue growth in Q1 2025, shows report
Image: Getty Images Saudi Arabia ranked first globally in the growth of international tourism receipts in Q1 2025 compared to the same period in 2019, according to the latest The kingdom also placed third worldwide and second in the Middle East in growth of international tourist arrivals, highlighting its expanding role on the global tourism map. During Q1 2025, Saudi Arabia recorded a 102 per cent surge in international arrivals compared with Q1 2019, far exceeding the global average of 3 per cent and the Middle East's 44 per cent, the UN report showed. 'This outstanding growth underscores Saudi Arabia's position as a key player in both regional and global tourism and underlines its unwavering commitment to advancing the sector,' the report noted. Growth aligned with Saudi' Vision 2030 goals The gains reflect Vision 2030 strategy to diversify the economy and attract 100 million annual visitors by the end of the decade. The kingdom has significantly ramped up investment in tourism infrastructure, from mega projects like NEOM and the Red Sea to hosting major sporting and cultural events. A recent report by the World Economic Forum (WEF), produced in collaboration with Kearney and Saudi Arabia's Ministry of Tourism, said tourism is set to outpace global economic growth. The sector is forecast to contribute $16tn to global GDP by 2034 — more than 11 per cent of the world economy, according to WTTC estimates. Saudi Arabia is positioned at the forefront of this shift. 'With its bold Vision 2030, strategic leadership, and record-breaking visitor numbers, Saudi Arabia is redefining how countries can leverage tourism for inclusive prosperity, cultural diplomacy, and long-term resilience,' the Read:
Indian Express
11-07-2025
- Business
- Indian Express
World's top 10 biggest tourism economies in 2024–25: India breaks into top 10 at this rank
World's Top 10 Biggest Tourism Economies in 2025 List: Amid a strong post-pandemic recovery and despite challenges such as climate pressure and local tourism fatigue, the global travel and tourism sector contributed US$10.9 trillion to the world economy in 2023, according to the World Travel & Tourism Council (WTTC). The WTTC's 2024 Economic Impact Trends Report shows the industry on an upward trajectory, with the World Economic Forum (WEF) forecasting the sector to hit $16 trillion by 2034, representing over 11 per cent of global GDP. As per the WTTC, the United States remains the world's largest tourism economy in 2024, contributing an unprecedented $2.36 trillion, nearly double that of its closest competitor. China ranks second with $1.3 trillion, and is projected to become the global leader within the next decade. Japan, notably, climbs to fourth place with a $297 billion contribution. While established players like Germany, the United Kingdom, France, Italy, and Spain continue to hold strong positions in the top 10, Asian economies such as Hong Kong SAR, Malaysia, and the Philippines are fast emerging as regional tourism powerhouses. Several countries have also seen significant jumps in international tourism spending compared to pre-pandemic levels. These include Saudi Arabia (+91.3 per cent), Türkiye (+38.2 per cent), Kenya (+33.3 per cent), Colombia (+29.1 per cent), and Egypt (+22.9 per cent). Source: WTTC Economic Impact Research (EIR) India's global position explained: India has made notable progress, now ranking as the eighth-largest tourism economy worldwide with a contribution of $231.6 billion, up from its previous position of tenth. This advancement highlights the country's increasing significance in the sector, with the WTTC forecasting a rise to fourth position within the next decade. Cherry Gupta is an Assistant Manager - Content at The Indian Express. She is responsible for crafting compelling narratives, uncovering the latest news and developments, and driving engaging content based on data and trends to boost website traffic and audience engagement. One can connect with her on LinkedIn or by mail at ... Read More
Hospitality Net
08-07-2025
- Hospitality Net
WTTC Calls for Smarter Tourism Management as Destinations Face Pressure
London, UK - As Travel & Tourism enters the height of the summer season, the World Travel & Tourism Council (WTTC) has today launched a new report calling for a more balanced approach to managing tourism in popular destinations. While overcrowding is often seen as a tourism problem, many of the real pressures come from deeper issues such as underinvestment in infrastructure, poor planning, and fragmented decision-making. These challenges affect both residents and visitors and need joined-up solutions. Travel & Tourism supports one in every 10 jobs and nearly 10% of global GDP and is set to support one in three new jobs over the next decade. When managed well, it also fosters cultural exchange, global understanding, and environmental protection. But without smart planning, the benefits it brings could be at risk. WTTC's paper, Managing Destination Overcrowding: A Call to Action, explains that there's no simple fix to the problem and urges governments, local leaders, and businesses to work together to support both communities and visitors. In 2024, Travel & Tourism is expected to contribute nearly $11TN to the global economy and support 357MN jobs. That's a huge success but it also means destinations must plan to manage growth responsibly. Annually, governments around the world accrue more than $3.3TN from Travel & Tourism businesses, equivalent to 9.6% of global tax revenues. The global tourism body urges governments to reinvest this sum in vital infrastructure, and solutions to relieve pressures on already very popular destinations. The report looks at some of the root causes of overcrowding in a small number of increasingly popular destinations across Europe and offers real-world solutions that can be tailored to local needs. From using better data and planning tools, to involving residents in decisions. A Practical Plan of Action The paper outlines six simple steps destinations can take to manage tourism better: Get Organised – Bring the right stakeholders together, via empowered taskforces Make a Plan – Define a shared vision and destination strategy Gather the Evidence – A lack of data is exacerbating issues in several destinations. It is therefore crucial to carry out evidence-based diagnoses and responses to the unique challenges faced by each destination Stay Vigilant – Monitor conditions and act early Invest Wisely – Reinvest in infrastructure and resilience, being transparent about where money is spent Empower Residents – Make sure residents have a say and understand the benefits of Travel & Tourism in their communities Why It Matters A growing number of destinations have introduced tourism taxes in response to pressure, but WTTC warns that these measures don't always solve the real problems and can put jobs, income, and services at risk. The report finds that if 11 major European cities capped visitor numbers, it could cost $245BN in lost GDP and almost 3MN jobs over three years. The report includes examples of destinations that are taking positive steps to combat some of the causes: Turisme de Barcelona Consortium operates under a public-private partnership model, guided by the principles of sustainable development goals VisitFlanders' Travel to Tomorrow strategy, which reframes tourism as a tool to support local community goals such as making sure that listening to residents needs is a central tenet in their practice Dubrovnik's partnership with CLIA, reducing congestion through cruise coordination and community dialogue Iceland, which reinvests tourism levies directly into environmental protection Travel & Tourism brings huge benefits including jobs, investment, and deeper cultural understanding. But growth needs to be managed carefully. We're encouraging all decision-makers to think ahead, work together, and focus on long-term benefits for residents and visitors alike. This isn't about stopping tourism, it's about making it work for everyone. Julia Simpson, WTTC President & CEO The global tourism body believe this is a moment of opportunity. With the right steps, destinations can protect what makes them special while ensuring that tourism continues to bring value to communities and local economies. The report makes clear there's no one-size-fits-all solution. Every destination is different, and actions must be based on local realities. But with cooperation and planning, Travel & Tourism can continue to thrive in a way that protects what makes each place special. The paper encourages leaders to think beyond short-term fixes and focus on reinvesting tourism income into critical infrastructure improvements, local services, and resident wellbeing. For more information and to download the report, please visit WTTC's Research Hub. About WTTC The World Travel & Tourism Council (WTTC) represents the global travel & tourism private sector. Members include 200 CEOs, Chairs and Presidents of the world's leading travel & tourism companies from all geographies covering all industries. For more than 30 years, WTTC has been committed to raising the awareness of governments and the public of the economic and social significance of the travel & tourism sector. WTTC Press Office WTTC View source
Tourism Breaking News
08-07-2025
- Business
- Tourism Breaking News
WTTC calls for Smarter Tourism Management as Destinations Face Pressure
Post Views: 39 As Travel & Tourism enters the height of the summer season, the World Travel & Tourism Council (WTTC) has launched a new report calling for a more balanced approach to managing tourism in popular destinations. While overcrowding is often seen as a tourism problem, many of the real pressures come from deeper issues such as underinvestment in infrastructure, poor planning, and fragmented decision-making. These challenges affect both residents and visitors and need joined-up solutions. Travel & Tourism supports one in every 10 jobs and nearly 10% of global GDP and is set to support one in three new jobs over the next decade. When managed well, it also fosters cultural exchange, global understanding, and environmental protection. But without smart planning, the benefits it brings could be at risk. WTTC's paper, Managing Destination Overcrowding: A Call to Action, explains that there's no simple fix to the problem and urges governments, local leaders, and businesses to work together to support both communities and visitors. In 2024, Travel & Tourism is expected to contribute nearly $11TN to the global economy and support 357MN jobs. That's a huge success but it also means destinations must plan to manage growth responsibly. Annually, governments around the world accrue more than $3.3TN from Travel & Tourism businesses, equivalent to 9.6% of global tax revenues. The global tourism body urges governments to reinvest this sum in vital infrastructure, and solutions to relieve pressures on already very popular destinations. The report looks at some of the root causes of overcrowding in a small number of increasingly popular destinations across Europe and offers real-world solutions that can be tailored to local needs. From using better data and planning tools, to involving residents in decisions. Julia Simpson, WTTC President & CEO, said 'Travel & Tourism brings huge benefits including jobs, investment, and deeper cultural understanding. But growth needs to be managed carefully. We're encouraging all decision-makers to think ahead, work together, and focus on long-term benefits for residents and visitors alike. This isn't about stopping tourism, it's about making it work for everyone.' The global tourism body believe this is a moment of opportunity. With the right steps, destinations can protect what makes them special while ensuring that tourism continues to bring value to communities and local economies. The report makes clear there's no one-size-fits-all solution. Every destination is different, and actions must be based on local realities. But with cooperation and planning, Travel & Tourism can continue to thrive in a way that protects what makes each place special. The paper encourages leaders to think beyond short-term fixes and focus on reinvesting tourism income into critical infrastructure improvements, local services, and resident wellbeing.
