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CEOWORLD magazine - Latest - Lifestyle and Travel - U.S. Leads Global Rankings in Tourism Development Amid Industry Rebound

Lifestyle and TravelSpecial Reports

U.S. Leads Global Rankings in Tourism Development Amid Industry Rebound

The World Economic Forum’s latest report underscores the United States’ exceptional promotion of natural and cultural resources and its commitment to sustainability and tourism. Despite the travel industry’s turbulence over the past four years, international tourist arrivals are projected to reach pre-pandemic levels by 2024. However, the future of global travel growth remains uncertain due to inflation, climate change, and geopolitical tensions.

The Travel & Tourism Development Index 2024, published by the World Economic Forum, highlights countries that have effectively minimized risks and maximized their travel and tourism potential. The index evaluates nations based on safety, security, prioritization of travel and tourism, infrastructure, natural and cultural resources, and sustainability.

This year, the United States topped the rankings, surpassing previous leaders like Japan, Spain, France, and Australia. The U.S. excelled due to its robust business environment, superior air transport infrastructure, and abundant natural resources. These high scores reflect the country’s extensive infrastructure, ease of travel between cities, and diverse natural and cultural destinations supported by comprehensive travel resources.

Anna Abelson, an adjunct instructor at New York University’s SPS Tisch Center of Hospitality, attributes the U.S.’s top ranking to its diverse landscapes, natural beauty, cultural richness, and well-developed travel and tourism infrastructure. This infrastructure underpins substantial spending power, with international visitors contributing $180 billion in 2019 and nearly $2 trillion in economic output. Although these figures dipped during the pandemic, the United States Travel Association (USTA) forecasts a recovery by 2025.

Taryn Scher, founder of TK Public Relations, notes that iconic U.S. events such as Coachella, the Super Bowl, and Mardi Gras attract global visitors. Additionally, the vast U.S. National Parks System, with its 63 parks covering 54 million acres, holds immense international appeal.

The federal government’s broad support for travel and tourism, especially in maintaining strong airport infrastructure and the airline industry, is crucial. Experts also credit the diversity of U.S. cities and their long-term sustainable tourism plans for the country’s success. Major cities like Las Vegas and New York have invested heavily in branding and marketing, significantly boosting tourism.

Danielle Borja, President/CEO of Visit Conejo Valley, highlights the collaborative efforts between local, regional, and state tourism organizations. For instance, Visit California’s “The Ultimate Playground” campaign showcases the state’s diverse activities, while partnerships with private businesses enhance the tourism experience. This synergy between government and private sectors is a strength of the U.S. tourism industry, avoiding the pitfalls of conflicting priorities seen in other countries.

The U.S. tourism sector’s resilience and strategic initiatives have positioned it as a global leader, setting a benchmark for other nations striving to enhance their travel and tourism industries.

 

GDP (nominal)CapitalHead of StateHead of GovernmentGDP (nominal) per capitaGDP (PPP)GDP (PPP)GDP (PPP) per capita
United StatesWashington D.C.Joe BidenJoe Biden26,949,64380,41227,970,00080,412

 

 

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CEOWORLD magazine - Latest - Lifestyle and Travel - U.S. Leads Global Rankings in Tourism Development Amid Industry Rebound
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz