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- The World Economic Forum's biennial travel and tourism study also showed a recovering sector following pandemic lows, though the recovery has been uneven and challenges remain. DAVOS, Switzerland -- Japan for the first time captured the top spot worldwide in fielding&;a competitive tourism sector, an index released Tuesday shows, thanks to the country's&;rich collection of hotels and infrastructure catering to international visitors. World Tourism Day Our latest report combines economic, political and policy analysis with our award-winning industry forecasts to provide a holistic overview of the tourism and travel sector. Make Your Note "The picture looked very different two years later, as COVID-19 lockdowns hit the travel and tourism sector hard. In 2020 alone, it faced losses of $4.5 trillion and 62 million jobs, impacting the living standards and well-being of communities across the globe," WEF said in a statement.