Re-Ranking of Tourism Economies of The World for Sustainable Development and Management of Tourism Industry

Abstract

Tourism is significantly contributing to the economic growth and development of Economies across the globe. However, the sustainability of tourism is an important concern with its development.  Therefore, merely by considering the volume of tourist arrival and ranking them is not best way of analysis. Various measures have been taken to rank the top tourism economies in the world especially on the basis of tourist arrival, tourism receipt and tourism expenditure etc. The present study is an attempt to re-rank the top tourism economies of World with the help of Density of Tourist Population (DTP) thereby providing simple suggestive measure for sustainable policy and planning.  As far as tourism flow is concerned, it is found that the maximum inflow of tourists is in France, Italy and America. However, as per DTP estimation, Macau, Hong Kong and Bahrain are top ranked countries across five tourism zones. It is observed that the DTP is marked lowest for the countries like Algeria, Botswana, and Kenya. Most of the Countries of African zone and West Asia zone have minimum DTP therefore showing huge scope for further improvement in tourism and promotion of maximum tourism flows. The study urges for an immediate sustainable planning and research for the top DTP ranked economies and the Destination Development programs and policies for lowest ranked economies of the five different tourism zones of the World.