According to the Travel and Tourism Development Index (TTDI), carried out by the World Economic Forum, Spain has become the second most important tourist market, trailing only the United States and by a small percentage.
Measuring global as well as industry-centered macroeconomic data, and combining it with qualitative research and interviews with experts from around the globe, the Index presented yesterday shows signs of development in the Spanish T&T industry, which has grown 0,9% compared to last year’s edition. The United States, ranking first, has seen its lead decrease significatively, losing 0,5% since last year.
This index, which has been produced in collaboration with the University of Surrey, offers unique insights into the strengths and areas for improvement of each country to support the enhancement of long-term growth of their #travel, #tourism, and #hospitality sectors in a sustainable and resilient manner.
Once more, it becomes clear that not only is the T&T industry a key cornerstone of Spain’s economy and wellbeing, but also of its position in the world and continuous growth and development. As Francisco Betti has declared in the article attached, «this year marks an inflection point… which, as we all know, has the ability to make growth possible and serve the best interests of communities through economic and social transformation.»
There are still many challenges waiting to be tackled in the industry, from macroeconomic conditions to geopolitical and environmental threats, as well as management, vacancies, and new technologies. However, the trend clearly seen in the Travel and Tourism Development Index drives us to work harder every day to ensure that the T&T and hospitality industries continue to deliver sustainable, long-term growth and development to the Spanish, European, and worldwide society.