Many countries count travel and tourism as a reliable source of much-needed income so it’s not surprising that attracting more visitors has been on top priorities for many economies around the world.
Although price is just one of the many factors people consider when deciding which place they’d like to visit — variety of attractions, ease of visa requirements and security situation are among other influencers — it is an important one.
So if you’re asking: which country is the most expensive destination for tourists?
World Economic Forum’s Travel and Tourism Competitiveness Report 2015 which asseses economies of 141 countries based on a range of factors associated with their tourism industries. In the report, price competitiveness is calculated based on ticket taxes and airport charges, hotel price index, purchasing power parity and fuel prices.