Wednesday, October 7, 2015
The travel and tourism industry is a crucial generator of desired and very much needed revenue to support economic growth. Attracting large numbers of tourists is a key factor for economies all around the world.
While price is only one of the factors within the whole pie that determines where people choose to visit next for their holidays, most people forget or overlook it. So which country is the most expensive destination for tourists?
The measure below was found in the World Economic Forum’s Travel and Tourism Competitiveness Report for 2015. It estimates 141 economies on a range of factors linked to their tourism industries.
In the report, price competitiveness is calculated based on ticket taxes and airport charges, hotel price index, purchasing power consistency and fuel prices.
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