Hong Kong is the top tourist destination in Asia, and the sixth around the world, while Switzerland and Austria have the most potential for developing their travel and tourism industries, according to a new report released by the World Economic Forum.

After Switzerland and Austria, Germany, Iceland, the United States, Hong Kong, Canada, Singapore, Luxembourg and the United Kingdom complete the top ten list of most attractive tourist sites, said the first-ever report of "Travel and Tourism Competitiveness."

The report is based on a combination of data from publicly available sources, international travel and tourism institutions and experts, as well as the results of a comprehensive annual survey, the Geneva-based World Economic Forum said.

It ranks 124 countries and regions around the world according to their travel and tourism resources.

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