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According to the latest rankings by CEOWORLD magazine, Singapore has been named the best country for investment in the travel, tourism and hospitality industry. The United States, France, Spain, and Germany ranked in the top five. Malaysia ranks sixth, followed closely by Japan, which ranks seventh. CEOWORLD magazine’s ratings also ranked the UK in eighth place, ahead of Thailand (9th) and the United Arab Emirates (10th).
According to “CEOWORLD” magazine, Australia ranks 11th among the most attractive countries for travel, tourism and hotel investment, followed by Canada at 12th and Switzerland at 13th. Italy ranks 14th, India ranks 15th, Austria ranks 16th, Portugal ranks 17th, China ranks 18th, and Hong Kong ranks 19th. Saudi Arabia is also among them. Top 20 countries, ranked 20th out of 138 countries considering tourism and hospitality investments.
The report aims to measure the performance of destinations and the factors that attract business from the tourism and hospitality industries. Chad ranks at the bottom, ranked 138th. The report shows that the top five countries with the least competitiveness in travel, tourism and hospitality are 1. Chad, 2. Yemen, 3. Liberia, 4. Burundi, and 5. Islamic Republic of Pakistan.
South Korea ranks 22nd, between the Netherlands (21st) and New Zealand (23rd). Mexico ranks 24th, while Norway and Denmark rank 25th and 26th respectively.
rank | nation | Fraction |
---|---|---|
1 | Singapore | 97.95 |
2 | USA | 96.69 |
3 | Spain | 96.63 |
4 | France | 95.25 |
5 | Germany | 94.99 |
6 | Malaysia | 94.8 |
7 | Japan | 94.7 |
8 | U.K. | 94.06 |
9 | Thailand | 93.87 |
10 | United Arab Emirates | 93.82 |
11 | Australia | 93.21 |
12 | Canada | 93.13 |
13 | Switzerland | 93.11 |
14 | Italy | 93.09 |
15 | India | 92.23 |
16 | Austria | 92.18 |
number 17 | Portugal | 91.92 |
18 | China | 91.58 |
19 | Hong Kong Special Administrative Region | 91.41 |
20 | Saudi Arabia | 90.55 |
twenty one | Netherlands | 90.39 |
twenty two | South Korea | 90.33 |
twenty three | New Zealand | 90.2 |
twenty four | Mexico | 89.94 |
25 | Norway | 89.56 |
26 | Denmark | 89.41 |
27 | Sweden | 89.33 |
28 | Luxembourg | 88.26 |
29 | Belgium | 87.89 |
30 | Greece | 87.58 |
31 | Ireland | 87.42 |
32 | Croatia | 86.92 |
33 | Finland | 86.66 |
34 | Iceland | 86.59 |
35 | Brazil | 86.24 |
36 | malta | 84.16 |
37 | slovenia | 84.05 |
38 | Taiwan | 83.99 |
39 | Czech Republic | 83.22 |
40 | Russia | 82.44 |
41 | Indonesia | 82.33 |
42 | costa rica | 81.86 |
43 | Poland | 81.56 |
44 | turkey | 81.52 |
45 | Cyprus | 81.23 |
46 | Bulgaria | 80.78 |
47 | Estonia | 80.31 |
48 | Panama | 80.07 |
49 | Hungary | 79.81 |
50 | Peru | 79.67 |
51 | Argentina | 79.6 |
52 | Qatar | 77.96 |
53 | Chile | 77.58 |
54 | Latvia | 77.38 |
55 | Mauritius | 77.04 |
56 | Colombia | 77.01 |
57 | Romania | 75.6 |
58 | Israel | 75.26 |
59 | Oman | 75.11 |
60 | Lithuania | 74.55 |
61 | Slovak Republic | 74.08 |
62 | South Africa | 73.87 |
63 | Seychelles | 73.75 |
64 | Vietnam | 73.71 |
65 | Bahrain | 73.62 |
66 | Egypt | 73.26 |
67 | Morocco | 73.2 |
68 | Montenegro | 72.81 |
69 | Georgia | 72.61 |
70 | Ecuador | 71.8 |
71 | Azerbaijan | 71.32 |
72 | Brunei Darussalam | 70.99 |
73 | Dominican Republic | 70.56 |
74 | Uruguay | 69.98 |
75 | the Philippines | 69.95 |
76 | jamaica | 69.76 |
77 | Sri Lanka | 68.68 |
78 | Ukraine | 68.22 |
79 | Armenia | 67.35 |
80 | Kazakhstan | 67.13 |
81 | Namibia | 65.38 |
82 | Kenya | 65.18 |
83 | Serbia | 64.82 |
84 | Jordan | 64.49 |
85 | Tunisia | 63.65 |
86 | Albania | 63.15 |
87 | Trinidad and Tobago | 62.23 |
88 | cape verde | 62.05 |
89 | Bolivia | 61.82 |
90 | Nicaragua | 61.62 |
91 | Botswana | 61.38 |
92 | Mongolia | 61.02 |
93 | Honduras | 60.93 |
94 | Tanzania | 60.2 |
95 | Kuwait | 59.66 |
96 | Cambodia | 59.46 |
97 | Guatemala | 59.09 |
98 | North Macedonia | 58.98 |
99 | Nepal | 58.09 |
100 | moldova | 57.81 |
101 | Tajik | 57.76 |
102 | Bosnia and Herzegovina | 57.55 |
103 | Senegal | 57.25 |
104 | Rwanda | 56.98 |
105 | El Salvador | 56.89 |
106 | Paraguay | 56.6 |
107 | Kyrgyz Republic | 55.96 |
108 | Gambia | 55.18 |
109 | Uganda | 54.92 |
110 | Zambia | 54.54 |
111 | Zimbabwe | 54.44 |
112 | Ghana | 54.13 |
113 | Algeria | 53.89 |
114 | Venezuela | 53.59 |
115 | In Swat | 53.15 |
116 | ivory coast | 52.96 |
117 | Bengal | 52.51 |
118 | Ethiopia | 52.19 |
119 | islamic republic of iran | 51.97 |
120 | Benin | 51.81 |
121 | Lesotho | 50.99 |
122 | Malawi | 50.19 |
123 | Guinea | 49.96 |
124 | Mozambique | 49.6 |
125 | Cameroon | 48.77 |
126 | Nigeria | 48.72 |
127 | Mali | 48.18 |
128 | Sierra Leone | 48.11 |
129 | Burkina Faso | 48.01 |
130 | islamic republic of mauritania | 47.82 |
131 | Haiti | 47.18 |
132 | Angola | 46.69 |
133 | Democratic Republic of the Congo | 46.59 |
134 | islamic republic of pakistan | 46.58 |
135 | Burundi | 46.43 |
136 | Liberia | 45.86 |
137 | Yemen | 45.39 |
138 | Chad | 45.13 |
Methodology: The 2014 Business Confidence Index is the latest version of the annual executive report, which tracks and ranks the 138 countries likely to attract the most investment in the tourism and hospitality industries. Singapore is expected to continue to be the world’s most investor-friendly region in 2014, maintaining its number one position from 2017-22. For the ranking of the best countries for investment, “CEOWORLD” magazine focused on 12 attributes:
- Market size
- infrastructure
- property
- preferential tax laws
- rapid economic growth
- Investor related laws
- labor availability
- Investor friendly environment
- Government red tape and restrictions
- Untapped potential and opportunities
- Ability to obtain investment capital if needed
- Good government fiscal and monetary policies
Feedback from more than 198,000 survey participants, who are global business decision-makers, was used to determine the rankings. We also analyzed the global tourism market size in 2024 by region. The Europe, Middle East and Africa region accounts for the largest share of the global travel, tourism and hospitality industry with a market size of US$644 billion, followed by Asia Pacific (US$506 billion) and North America (US$501 billion). The smallest region in terms of tourism is Latin America, with a market size of US$89 billion.
While every effort has been made to verify the accuracy of this information, CEOWORLD Magazine assumes no responsibility or liability for any investor’s reliance on this report or any information, opinions or conclusions contained in this report.
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