Armenia ranked 89th in Travel & Tourism Competitiveness Report

is ranked 89th in the Travel & Tourism Competitiveness Report released by the World Economic Forum. Spain tops league of most tourist-friendly countries, followed by France and Germany.

Other countries in the region are placed as follows: Russia – 45th, Turkey – 44th, Azerbaijan – 84th, Georgia – 71st, Iran – 97th.

The theme of year’s Travel & Tourism Competitiveness Report is “Growing through Shocks.” The Report analyzes the performance of 141 economies through the Travel & Tourism Competitiveness Index (TTCI) and explores how the T&T sector has responded to economic, security and health shocks over recent decades. Understanding the nature and extent of the sector’s resilience to shocks is important, as a strong T&T sector is critical for job creation, economic growth and development in advanced and developing economies alike.

Published every two years, the Report provides a strategic tool for both business and governments: it allows for cross-country comparison of the drivers of T&T competitiveness, for benchmarking countries’ policy progress and for making investment decisions related to business and industry development. It also offers an opportunity for the T&T industry to highlight to national policymakers the challenges to T&T competitiveness that require policy attention, and to generate multi-stakeholder dialogue on formulating appropriate policies and action.

Disclaimer: This article was contributed and translated into English by David Nargizian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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