A biennial report from the World Economic Forum lists the United Kingdom as having the second-least-competitive prices in the world for tourism, but remains relatively stable in terms of overall competitiveness, coming in at the fifth-most-competitive nation globally.
Overall, Britain came in 130th out of 136 economies featured in the story in terms of purchasing parity, with expectations that the ramifications of the Brexit pullout from the European Union will further dampen its travel and tourism competitiveness prospects.
On the flipside, the Asia-Pacific region is bolstering its standing in terms of competitiveness, emerging as the most-improved region in the survey. The Americas was listed as the macro-region with the second-most-improved performance, according to the report, with the U.S. ranked as the most competitive travel and tourism economy in the region and sixth-best globally.
Spain, France and Germany were ranked as the most-competitive nations in the survey.
The top 10 countries in terms of competitiveness are as follows: Spain; France; Germany; Japan; United Kingdom; United States of America; Australia; Italy; Canada; and Switzerland.
The full report is available on the World Economic Forum website.
