Tourism Loses Competitiveness in the Region

In the 2019 Travel and Tourism Competitiveness Index, Costa Rica, Panama, Honduras, El Salvador and Guatemala fell back in the ranking, while the Dominican Republic was the only country that improved.

Tuesday, October 1, 2019

According to the report prepared by the World Economic Forum, during 2019 Costa Rica ranked 41 out of 140 countries. It was followed by Panama at box 47, the Dominican Republic at 73, Nicaragua at 91, Honduras at 94, Guatemala at 99 and El Salvador at 108.

You may be interested in "Tourism and Travel: Consumer Interests and Preferences

The report of the World Economic Forum states that "... The Dominican Republic is the country that has made the most progress in the region (76 to 73), thanks to a global improvement in 11 aspects. Panama had the largest decline in the region (35 to 47), with falls in nine pillars, including the region with the largest drop in land infrastructure (40 to 53) because of reduced efficiency of land transport (40 to 46) and the inclusion of rail data in which it ranks low (98).

Although the North and Central American subregion is more competitive than the South American subregion, the improvement in the Travel and Tourism Competitiveness Index (TCI) score from 2017 to 2019 was minimal.

The biggest advantage of Central and North America, over South America, is its more developed infrastructure, especially air and ground
." See full report.

For Shirley Calvo, Executive Director of the National Chamber of Tourism of Costa Rica (Canatur), in order for the country to increase its competitiveness, "... improvements in transportation infrastructure are urgently needed. Public investment in infrastructure is vital, and I'm talking about airports, cruise ports and secondary airports."

Calvo told Elobservador.cr that "... For a country that aims to receive 4 million tourists by 2020, air terminals must expand their capacity and improve the capacity of internal services such as Immigration and Customs."

See article by Elobservador.cr "Costa Rica's Tourism Competitiveness Declines in World Ranking".

More on this topic

Central America Loses Competitiveness

October 2019

In the 2019 Global Competitiveness Index, Costa Rica, Panama, Guatemala, El Salvador, and Nicaragua fell back in the ranking, while Honduras registered no changes and the Dominican Republic was the only country that improved.

According to the report by the World Economic Forum, during 2019 Costa Rica ranked 62 out of 141 countries.

Violence and Corruption Hinder Honduras' Development

September 2013

Corruption, insecurity and political instability are the main factors preventing the country from making progress.

This was revealed by the competitiveness ranking report prepared by the World Economic Forum (WEF), in which the country fell three places ranking 111 out of the 148 countries evaluated.

WEF Global Competitiveness Index 2010-2011

September 2010

The World Economic Forum rankings for Central America are: Panama 53, followed by Costa Rica 56, Guatemala 78, El Salvador 82, Honduras 91 and Nicaragua 112.

Chile (30), Puerto Rico (41) and Barbados (43) are the only three economies from Latin American and the Caribbean with rankings in the top 50.

Travel & Tourism Competitiveness Report 2009

March 2009

Costa Rica is first in Latin America with an index of 4.60. Panama is at 4.28, Guatemala 4.00, El Salvador 3.90, Honduras 3.78, Nicaragua 3.76.

This cross-country analysis of the drivers of competitiveness in travel and tourism provides useful comparative information for making business decisions and additional value to governments wishing to improve their travel and tourism environments.

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