Slovakia falls eight places in global tourism competitiveness ranking.

By bne IntelliNews April 13, 2011
Slovakia ranked 54th out of 139 countries in the Travel and Tourism Competitiveness Report 2011 of the World Economic Forum. The country dropped eight places from the previous issue of the report in 2009. Moreover, it performed worse than almost all of its neighbours - Austria is 4th, the Czech Republic ranked 31st, Hungary was placed 38th and Poland stood at 49th place. The report estimated that travel and tourism (T&T) industry accounts for 1.5% of the countrys GDP. The industry employs 35,000 people. It is expected that the industry will grow by 4.8% y/y on average in the period from 2011 to 2020. The T&T competitiveness index evaluates the regulatory framework, business environment and infrastructure and the human, cultural and natural resources that relate to tourism. Slovakia performed best in the regulation ranking, where it was placed at 39th position. However in the business environment and infrastructure index it was ranked 57th. In terms of natural and cultural resources, the country was placed 52th. The main goal of the Travel and Tourism Competitiveness Report 2011 is to provide a useful tool for governments and business leaders to evaluate the factors and policies that make the sector attractive and profitable.
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