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Tuesday, September 17, 2019

Stats Gate

Best Countries For Investment In Travel And Tourism Sector, 2019

Singapore has been declared the best country in the world for investment in travel and tourism sector for 2019, according to the latest ranking by the CEOWORLD magazine. The United States, France, Spain, and Germany rounded out the top five.

Malaysia came in at number six and Japan at seven. The CEOWORLD magazine rating puts the United Kingdom in 8th place, ahead of Thailand (9th) and the United Arab Emirates (10th).

Australia has been recognized as the 11th most attractive country to invest in for tourism, followed by Canada (No.12) and Switzerland (No.13). Meanwhile, Italy ranked No. 14 in the CEOWORLD magazine’s ranking of the most attractive countries for investment in travel and tourism sector.

India came in fifteenth place, followed by Austria (sixteenth), Portugal (seventeenth), China (eighteenth), and Hong Kong, ranked nineteenth. Out of 138 best countries for investment in Travel and Tourism, Saudi Arabia ranked No. 20th.

The report is aimed at measuring a destination’s performance and the factors that make it attractive to develop business in the travel and tourism sector. Chad came bottom, at number 138.  The top five countries least competitive in Travel and Tourism, according to the report, are 1. Chad, 2. Yemen, 3. Liberia, 4. Burundi, 5. The Islamic Republic of Pakistan.

South Korea took 22nd place on the list and is located between the Netherlands (21st) and New Zealand (23rd).  Mexico ranked 24th, and Norway and Denmark 25th and 26st, respectively.

Best countries for investment in travel and tourism sector, 2019

RankCountry
1Singapore
2United States
3Spain
4France
5Germany
6Malaysia
7Japan
8United Kingdom
9Thailand
10United Arab Emirates
11Australia
12Canada
13Switzerland
14Italy
15India
16Austria
17Portugal
18China
19Hong Kong SAR
20Saudi Arabia
21Netherlands
22South Korea
23New Zealand
24Mexico
25Norway
26Denmark
27Sweden
28Luxembourg
29Belgium
30Greece
31Ireland
32Croatia
33Finland
34Iceland
35Brazil
36Malta
37Slovenia
38Taiwan
39Czech Republic
40Russia
41Indonesia
42Costa Rica
43Poland
44Turkey
45Cyprus
46Bulgaria
47Estonia
48Panama
49Hungary
50Peru
51Argentina
52Qatar
53Chile
54Latvia
55Mauritius
56Colombia
57Romania
58Israel
59Oman
60Lithuania
61Slovak Republic
62South Africa
63Seychelles
64Vietnam
65Bahrain
66Egypt
67Morocco
68Montenegro
69Georgia
70Ecuador
71Azerbaijan
72Brunei Darussalam
73Dominican Republic
74Uruguay
75Philippines
76Jamaica
77Sri Lanka
78Ukraine
79Armenia
80Kazakhstan
81Namibia
82Kenya
83Serbia
84Jordan
85Tunisia
86Albania
87Trinidad and Tobago
88Cape Verd
89Bolivia
90Nicaragua
91Botswana
92Mongolia
93Honduras
94Tanzania
95Kuwait
96Cambodia
97Guatemala
98North Macedonia
99Nepal
100Moldova
101Tajikistan
102Bosnia and Herzegovina
103Senegal
104Rwanda
105El Salvador
106Paraguay
107Kyrgyz Republic
108Gambia
109Uganda
110Zambia
111Zimbabwe
112Ghana
113Algeria
114Venezuela
115Eswatini
116Côte d'Ivoire
117Bangladesh
118Ethiopia
119Iran, Islamic Rep
120Benin
121Lesotho
122Malawi
123Guinea
124Mozambique
125Cameroon
126Nigeria
127Mali
128Sierra Leone
129Burkina Faso
130Mauritania, Islamic Rep
131Haiti
132Angola
133Congo Dem Rep
134Pakistan, Islamic Rep
135Burundi
136Liberia
137Yemen
138Chad

Methodology: The 2019 Business Confidence Index, the latest edition of the annual executive report tracks and ranks 138 countries likely to attract the most investment in the travel and tourism sector. Singapore looks set to remain the world’s most investor-friendly location in 2019, retaining its number-one spot from the 2017-18 period. For the best countries to invest in ranking, CEOWORLD magazine focused on 12 attributes:

  1. Market size
  2. Infrastructure
  3. Property rights
  4. Favorable tax laws
  5. Fast-growing economy
  6. Investor related laws
  7. Availability of workforce
  8. Investor friendly environment
  9. Government red tape and restrictions
  10. Untapped potentials and opportunities
  11. Ability to access investment fund if need be
  12. Good government fiscal and monetary policy

Responses from over 98,000 survey participants — who act as decision-makers in business around the globe — were then used to determine the ranking. We have also analyzed the market size of the global travel industry in 2019 by region. The EMEA region held the largest share of the travel industry worldwide with market size of $644 billion, followed by Asia Pacific ($506 billion), and North America ($501 billion). The region with the smallest travel industry was Latin America with market size of $89 billion.

While every effort has been taken to verify the accuracy of this information, The CEOWORLD magazine cannot accept any responsibility or liability for reliance by any investor on this report or any of the information, opinions or conclusions set out in this report.


Have you read?

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# Most Startup Friendly Countries In The World.

 

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Anna Papadopoulos
Editor, writer, teacher, consultant. Advocate for plain language, journalism, free speech, and tolerance. Feminist. Based in Sydney, Australia.
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