Travel and Tourism Competitiveness Report

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 industry’s 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 industry’s 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.