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Singapore Has World’s Most Powerful Passport After Unseating Europeans

admin-augaf by admin-augaf
July 24, 2024
in Business, Finance
Reading Time: 2 mins read
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Travel
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London July 24 2024: Singapore breaks away from the peloton of six countries that shared the top spot on the Henley Passport Index as we entered the new year, reclaiming its title as the world’s most powerful passport in the latest ranking published today.

The city-state also sets a new record score, with its citizens now enjoying access to 195 travel destinations out of 227 around the world visa-free. France, Germany, Italy, Japan, and Spain drop to joint-2nd place, each with visa-free access to 192 destinations, and an unprecedented seven-nation cohort, each with access to 191 destinations without a prior visa — Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, and Sweden — now sit in 3rd place on the ranking, which is based on exclusive and official data from the International Air Transport Association (IATA).

The UK hangs onto 4th place along with Belgium, Denmark, New Zealand, Norway, and Switzerland, despite its visa-free destination score falling to 190. The US, on the other hand, continues its now decade-long slide down the index, dropping to 8th spot, with access to just 186 destinations visa-free. Former passport powerhouses, the UK and the US jointly held 1st place on the index 10 years ago in 2014. Afghanistan remains firmly entrenched as the world’s weakest passport with access to only 26 countries visa-free — the lowest score ever recorded in history of the 19-year-old index.

Dr. Christian H. Kaelin, Chairman of Henley & Partners, says: “The global average number of destinations travelers are able to access visa-free has nearly doubled from 58 in 2006 to 111 in 2024. However, the global mobility gap between those at the top and bottom of the index is now wider than it has ever been, with top-ranked Singapore able to access a record-breaking 169 more destinations visa-free than Afghanistan.”

According to IATA, airlines will connect nearly 5 billion people over 22,000 routes on 39 million flights in 2024 but its Director General, Willie Walsh, says the margins are incredibly tight: “The aviation industry expects revenues of almost USD 1 trillion this year but expenses will also be at a record high of USD 936 billion. Net profit will be USD 30.5 billion. This translates to a modest net margin of around 3%, making the profit per passenger just USD 6.14 — barely enough for a single espresso in a typical hotel café. Despite this, the real cost of air travel has fallen 34% over the last decade.”

Tags: IATA
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