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Saturday, July 13, 2024

A closer look at tourism

By Dr. Vo Dinh Tri

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In the Travel and Tourism Development Index (TTDI) 2021, Vietnam secured the 52nd position out of 117 countries. Compared to the results in 2019, the country has made significant progress, climbing eight places, with a rating increase of 4.7%. This remarkable improvement places Vietnam among the fastest improvers in the world. The TTDI 2021 represents a shift from the 15-year-old Travel and Tourism Competitiveness Index (TTCI), a crucial ranking indicator in the global tourism industry. Analyzing the 112 individual indicators and 17 pillars in the TTDI 2021 benchmark, it is evident that Vietnam’s tourism industry still holds substantial potential for development. However, seizing this opportunity and thriving in the global tourism landscape will require significant efforts from Vietnam. A transition from TTCI to TTDI Published by the World Economic Forum (WEF) in 2007, the TTCI ranking showcased the attractiveness and competitiveness of various economies’ travel and tourism sectors worldwide. In 2021, the TTCI ranking transitioned into the TTDI, placing a stronger emphasis on sustainable development. Similar to other international benchmarks, the TTDI ranking can significantly impact the development of the tourism industry. Higher rankings will make the economy more appealing to investors and tourists, thereby generating additional resources for growth, […]
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