In the past decades travel & tourism have proven to be significant drivers of economic growth, contributing over 10% to global GDP and accounting for 1 in 10 jobs on the planet. This seventh edition of the Report reflects the focus on ensuring the industrys sustained growth. The Report is based on the Travel and Tourism and Competitiveness Index.
The aim of the TTCI, which covers 136 economies this year, is to provide a comprehensive strategic tool for measuring the set of factors and policies that enable the sustainable development of the travel & tourism sector, which in turn, contributes to the development and competitiveness of a country. By providing detailed assessments of the T&T environments of countries worldwide, the results can be used by all stakeholders to work together to improve the industrys competitiveness in their national economies. It also allows countries to track their progress over time in the various areas measured.
In Russia, significant efforts are being made to increase both domestic tourism and number of foreign travelers. In this context our country has a huge potential for growth. Holding the Olympics in Sochi, as well as the World Championships, allowed for significant development of the infrastructure in certain regions. However, there remains a need for its development in many area which are of significant tourist interest. This report can help in determining certain directions of development in this area.
The World Economic Forum presents its seventh Travel and Tourism Competitiveness Report. Tourism is one of the significant economic areas, which is the main source of income for many states and people. In this regard, it is important to maintain its sustainable growth, which is what this report focuses on.
This report by The International Telecommunication Union employs economic modeling and simulation to demonstrate the impact of AI on the world economy and to identify possible barriers that may hinder rapid AI adoption.
The EY survey Growth Barometer analyzes the development priorities and strategies of companies, problems they face, as well as their links to global risks and economic instability. The survey involved 2,240 senior managers of companies with annual revenues of $1 million to $3 billion and smaller firms in the fast growing business segment, having operated in the market for less than five years.