Global Travel News

Investment and Financing Conference Opens GTEF 2023

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Investment and Financing Conference Opens GTEF 2023 - TRAVELINDEXMacao, Macao SAR, September 20, 2023 / TRAVELINDEX / The 2nd GTEF ∙ Investment and Financing Conference (GTEF ∙ IFC), organized by the 10th Global Tourism Economy Forum ∙ Macao 2023 (GTEF) in collaboration with Ivy Alliance Tourism Consulting Co., Ltd., was inaugurated today (20 September) at the Galaxy International Convention Center, lifting curtains upon the four-day program of GTEF.

Held on 20 and 21 September, the 2nd GTEF ∙ IFC convenes under the theme of “Innovation and High-Quality Development, Tourism Investment and Cooperation for the Next Decade”. Participants zero in on high-quality tourism development in China and examine key trends and emerging opportunities for tourism project development. By taking a close look at Macao, they also explore how the city can create a favorable environment for greater investment and expedite modern financial development.

The GTEF ∙ IFC opening ceremony was attended by Secretary-General of the World Tourism Organization (UNWTO), Zurab Pololikashvili, and Vice Chairman and Secretary-General of GTEF, Pansy Ho, together with other guests.

Four panel sessions zero in on tourism investment
The program of GTEF ∙ IFC today (20 September) consists of four panel sessions on various topics and strategies about tourism investment.

In the “Panel Session 1: Redefining Tourism Investments: From Private Equity to Venture Capital Acceleration”, held in collaboration with UNWTO, the guests discussed innovations, changes and trends of tourism investment in the new market, as well as new opportunities for private equity and venture capital.

Moderated by President & CEO of Ivy Alliance Tourism Consulting Co., Ltd., Wang Xinjun, the “Panel Session 2: China’s Tourism Investment and Cooperation in the New Era” delved into the investment directions and opportunities for potential returns in the national tourism industry in the next few years, a market analysis of current trends and key regions, as well as local governments’ measures to attract investments in cultural tourism.

The “Panel Session 3: Discover Investment Opportunities – Investment Opportunities in Macao’s Cultural & Tourism, Cooperation Potential between Guangdong and Macao” was moderated by Professor of Integrated Resort and Tourism Management at the Faculty of Business Administration of the University of Macau, Davis Fong. In line with the Macao SAR Government’s “1+4” development strategy for adequate diversification, the panel session led a discussion on the immense potential brought by concerted development between Guangdong and Macao, as both join hands to build a new world-class economic region, foster regional economic integration and become a world-famous travel attraction, along with their collaboration in cultural tourism investment.

The last panel session, “Panel Session 4: Financing, M&A for Tourism Companies, Identifying Promising Tourism Projects in Different Fields – Finding Value and Managing Uncertainty”, was moderated by Senior Partner at T-identifier Think Tank, Ding Chongyang. Senior executives from tourism investment institutions, investment funds, tourism project operators and financial institutions were invited to share their analysis and insights into the investment potential of tourism projects across various types of businesses, as well as professional views and practical suggestions on tourism enterprises in terms of mergers and acquisitions, value discovery and evaluation, risk prevention and control, etc.

Business meetings for tourism financing and investment opportunities
On the second day (21 September), GTEF ∙ IFC will feature presentations by investment institutions and chambers of commerce in Macao, followed by business meetings on tourism financing and investment in the afternoon to widen resources, facilitate industry exchange and create business opportunities.

March towards high-quality development in celebration of GTEF’s 10th anniversary

The 10th Global Tourism Economy Forum ∙ Macao 2023, themed around “Destination 2030: Unlocking the Power of Tourism for Business and Development”, will be inaugurated tomorrow (21 September). In parallel with the United Nations’ 2030

Agenda for Sustainable Development, the event will gather high officials, ministers of culture and tourism, industry leaders, decision-makers and scholars from around the world to navigate opportunities for global tourism and economic recovery by “thinking beyond tourism”. The Forum will explore new ways of constructing a resilient, high- quality and people-oriented environment for the tourism industry in the new normal through innovative and sustainable international cooperation.

For more information about the GTEF, please visit www.gte-forum.com

About the Global Tourism Economy Forum
The “Global Tourism Economy Forum” (GTEF) is hosted by the Secretariat for Economy and Finance of the Macao SAR Government, in collaboration with the World Tourism Organization (UNWTO), co-organized by the China Chamber of Tourism and Macao Government Tourism Office, and coordinated by the Global Tourism Economy Research Centre (GTERC). The GTEF’s supporting units include the Ministry of Culture and Tourism of the People’s Republic of China, the All-China Federation of Industry and Commerce (ACFIC), the Liaison Office of the Central People’s Government in the Macao SAR, the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR, World Travel and Tourism Council (WTTC), Pacific Asia Travel Association (PATA), World Tourism Cities Federation (WTCF), European Travel Commission (ETC), The Association of Chinese Enterprises in Macao (MCEA), World Tourism Alliance (WTA) and International Mountain Tourism Alliance (IMTA).

Since its inception in 2012, the GTEF has successfully established itself as an influential high-level cooperation platform to promote sustainable development in the global tourism industry with a focus on China. To date, the GTEF has received more than 12,700 participants from 90 countries and regions, including delegations from 152 provinces and cities of mainland China, and has invited 600 internationally renowned speakers who are national ministerial officials, business leaders, and experts and scholars to share their insights during the event.

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First published at TravelNewsHub.com – Global Travel News

PATA Welcomes Noor Ahmad Hamid as New CEO

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PATA Welcomes Noor Ahmad Hamid as New CEO - TRAVELINDEXBangkok, Thailand, September 19, 2023 / TRAVELINDEX / The Pacific Asia Travel Association (PATA) is pleased to announce the appointment of Mr. Noor Ahmad Hamid as its new Chief Executive Officer, effective October 1, 2023. Noor’s appointment for a three-year term will usher in a new era for PATA as one of the world’s most influential industry associations dedicated to promoting responsible travel and tourism within the Pacific Asia region.

A Malaysian citizen, Noor, 60, has had a distinguished 35 years career in Travel & Tourism, including the last 13 years specialising in the critical Meetings, Incentives, Conventions and Exhibitions (MICE) sector.

PATA Chairman, Peter Semone, said, “We extend a warm welcome Noor to the PATA family. He is clearly the right person for this job at the right time. His extensive experience in association management, particularly in the trade association sector, and his deep understanding of the Asia Pacific region make him the ideal leader for PATA in this crucial period of change and challenge. The Executive Board unanimously supports Noor’s appointment and looks forward to working with him to build a more resilient, responsible, responsive, sustainable, and stronger travel and tourism industry.”

Mr Semone added, “I am confident that under his leadership and bolstered by the PATA members support, we shall fortify PATA, bestowing enhanced membership benefits and contributing to the emergence of a more resilient, responsible, and sustainable travel and tourism industry throughout the Pacific Asia region.”

Noor commented, “I am deeply humbled by this opportunity and extend my heartfelt gratitude to PATA Chairman and Executive Board for their trust and support. I pay tribute to PATA’s founders and leaders, past and present, and applaud the members for their steadfast support over the years.”

He added, “The Asia-Pacific travel and tourism industry is rebounding faster than anticipated. But this is an era in which crises have become the New Normal. Helping the PATA membership deal with them will be equally as important as helping them capitalise on the many opportunities. I believe PATA’s long history and collective strength makes it well placed to deliver value, stability and sustainability in a rapidly evolving New World Order.”

Noor’s inaugural engagement as CEO will be at the prestigious PATA Travel Mart, scheduled from October 4 to 6 at Pragati Maidan, New Delhi, India. He looks forward to connecting with host destination officials and members, chapter and youth leaders, exhibitors and buyers, partners, members of the media, and the entire travel and tourism community.
Born in the state of Perak, Malaysia, Noor graduated with a diploma in Tourism Administration from the MARA Technological University (UiTM), Malaysia. In 1984, he joined the Malaysia Tourism Promotion Board (now Tourism Malaysia) and served there for more than 16 years in the Public Relations, Marketing, Domestic Promotion and Convention departments. He was also based in its Los Angeles, USA office for four years.

After a brief stint at an events management company specialising in international sporting events, Noor joined a Malaysian government-affiliated company focussing on hospitality and tourism investment.

In 2009, Noor joined the International Congress and Convention Association (ICCA) as the Regional Director of Asia Pacific where he served for 11 years gaining enormous experience in the nuances of not-for-profit association management. During his tenure, membership in Asia Pacific grew substantially to become the largest regional bloc within ICCA.

In 2019, he was appointed COO of Malaysia Convention and Exhibition Bureau (MyCEB) and played a key role in the post-Covid recovery of Malaysia’s business events industry

In 2022, he was inducted into the Events Industry Council Hall of Leaders, the most prestigious award in the global business events industry, the only Asian recipient alongside distinguished professionals from America and Europe In 2018, he received the China MICE Leaders Award from Meetings and Conventions China for his contributions to the Asia Pacific region.

About PATA
Founded in 1951, the Pacific Asia Travel Association (PATA) is a not-for-profit membership association that acts as a catalyst for the responsible development of travel and tourism to, from and within the Asia Pacific region. The Association provides aligned advocacy, insightful research and innovative events to its member organisations, which includes government, state and city tourism bodies; international airlines and airports; hospitality organisations, and educational institutions, as well as thousands of young tourism professional (YTP) members across the world. The PATA network also embraces the grassroots activism of the PATA Chapters and Student Chapters, who organise numerous travel industry training programmes and business development events across the world. Thousands of travel professionals belong to the 32 local PATA Chapters worldwide, while hundreds of students are members of the 28 PATA Student Chapters globally. The PATAmPOWER platform delivers unrivalled data, forecasts and insights from the PATA Strategic Intelligence Centre to members’ desktops and mobile devices anywhere in the world. PATA’s Head Office has been in Bangkok since 1998. The Association also has an official office in Beijing.

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First published at TravelNewsHub.com – Global Travel News

RAFFLES MAKES NORTH AMERICAN DEBUT IN BOSTON

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Marking a new era for the Raffles Hotels & Resorts brand that was founded in Singapore in 1887, Raffles Boston has officially opened its doors to guests (Sept. 15). The 35-storey Massachusetts property represents the first mixed-use development in North America for the iconic 136-year-old brand.

Located in the heart of Back Bay, Raffles Boston features 147 lavish guestrooms and a wide variety of distinct gathering spaces for guests, residents, and locals.

Upon entering Raffles Boston, guests ascend to the hotel’s 17th floor, where a three-story Sky Lobby awaits, and a Grand Stair, iconic of the Raffles brand, spirals through the atrium. More than a place to check-in for a hotel stay, the soaring space connects guests for socializing, and offers three distinct food and beverage venues.

Dining experiences include Amar by Chef George Mendes, the signature restaurant serving modern Portuguese cuisine with influences from Boston’s seafaring culture; the Long Bar & Terrace, a Paolo Ferrari-designed lounge pairing cocktails with sweeping views of the South End; and a Speakeasy offering specially crafted cocktails and small bites.

Also on the 17th floor is the Raffles Writer’s Lounge, a signature Raffles space made famous for the many writers and poets who have frequented it within the flagship Raffles Singapore and a number of other Raffles hotels around the world.

On the 4th floor, guests will find sanctuary in an exclusive state-of-the-art gym, 20-metre indoor pool with expansive city views and the prestigious Guerlain Spa at Raffles Boston, featuring treatments in partnership with the renowned Parisian beauty and wellness brand.

Premiere King room

Residing next to The University Club and adjacent to Boston’s Back Bay train station, Raffles Boston sits within a block of Copley Square, Trinity Church, and luxury shopping at Copley Place. Other notable Boston attractions nearby include the shops and galleries of Newbury Street and the Prudential Center, Fenway Park, the Museum of Fine Arts, Symphony Hall, the Charles River Esplanade, and dozens of restaurants, bars and cafés.

“We are delighted to extend the legendary Raffles brand into the Americas with Raffles Boston,” said Omer Acar, CEO of Raffles & Orient Express. “Raffles properties act as vessels for generations of world travellers to explore destinations through the highest level of hospitality and gracious service. Boston represents a historic and sophisticated cultural hub in the United States, and we could not imagine a more well-suited city to play host to the Raffles experience for years to come.”

Part of Accor, Raffles can also be found in Singapore, Paris, Istanbul, Dubai, Doha, Maldives, Udaipur, Phnom Penh, and Bali, with flagship openings upcoming in London, Boston, Macau and Bahrain in 2023.

First published at Travel Industry Today

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First published at TravelNewsHub.com – Global Travel News

EXPLORE THE HEART OF IRELAND IN DUBLIN

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Ireland is a nation that captivates travellers with its romantic visions of a bygone age, but it’s also one of the most comfortable nations to visit in the present. It’s full of historic treasures, lush landscapes, friendly people, and an internationally-appealing culture. At the heart of Ireland is the capital, Dublin, once known as the most beautiful city in Europe and today a cherished centre of history, culture, and good times.

Travellers who want to explore Dublin and other sites of the Emerald Isle can enjoy tailor-made service with Goway. With over 50 years of experience, Goway’s Destination Specialists are the experts at customizing trips to suit the needs of every individual traveller. Learn more on Goway’s website.

Dublin Castle

The City’s Historic Monuments

When in Dublin, travellers don’t have to venture far to explore a wide arrangement of historical treasures. Located in the heart of downtown, Dublin Castle dates back to the 13th century and has two museums, state rooms, and a library to explore. The castle was the seat of British rule until 1922, so it provides insight into the tumultuous relationship between the United Kingdom and Ireland. There are even some elements dating back to the time of the Vikings, so it’s a great first stop on a historical journey through Dublin. Kilmainham Gaol is another historic building that every traveller ought to see on a trip to Dublin. Many of the leaders of the Irish rebellion were imprisoned and executed here before the jail closed in 1924, so it provides a sombre lesson on the nation’s struggle for independence.

Trinity College

Dublin’s Past Treasures

Trinity College is Ireland’s most famous educational institution, but its appeal lies beyond its diplomas and degrees. Its library is the home of the Book of Kells, the world’s most famous illuminated manuscript, which retells the Gospels through beautiful animated passages. It’s the most essential of the city’s many treasures, not that Dublin is lacking for things to do. Travellers can get a sense for normal city life at the Little Museum of Dublin, which digs into the city’s cultural history as well as key historic events such as the 1916 Rising and JFK’s visit to Dublin. The museum also has a tourist greeter program, which connects visitors with a local who’s happy to share Irish culture over a pint or a cup of tea.

Temple Bar

A Pint and a Dram

Speaking of pints, while endless jokes over Ireland’s famous pastime can grow tiresome, beer and whiskey are big parts of Irish culture. There are few better places for travellers to connect with locals and enjoy a bit of the famous Irish hospitality than in a local pub over pints. As well, Ireland is serious about the quality of a good drink, which is evident at many of the city’s iconic alcohol-related sites, including Temple Bar and newer favourites like The Church, which offer seriously extensive whiskey menus—Temple Bar has 450 on selection. As well, travellers are invited to learn how the good stuff is made at the Guinness Storehouse Factory and the Old Jameson Distillery, which take travellers behind the scenes of two of the world’s most celebrated beverages. Even if travellers aren’t big drinkers, these sites shed a fascinating light on the city’s, and the nation’s, cultural history.

First published at Travel Industry Today

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First published at TravelNewsHub.com – Global Travel News

IRELAND’S HISTORIC & CULTURAL TREASURES BEYOND DUBLIN

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It’s easy to lose yourself in the famous sights of Ireland: the medieval treasures of Dublin, windswept coastlines of the Atlantic along the Cliffs of Moher or The Ring of Kerry. But what about the sights that lie between Dublin and the enchanting roads of the west coast? Well, Ireland has plenty of wonders to see, which stretch far beyond these iconic sights. Part of the joy of Ireland’s modest size is that most of its sites are easily accessible to travellers exploring by car, coach, or train.

Those travellers who want to venture beyond Dublin and Ireland’s west coast can plan a tailor-made trip with Goway. Goway’s Destination Specialists are the leading experts on tailor-made travel planning, relying on over 50 years of experience to craft the trip that’s right for every individual traveller. Learn more on Goway’s website.

Cork

Ireland’s Second Cities

As the second-largest city in Ireland, Cork is a great spot for travellers to spend a few nights. They can explore the surrounding countryside during the day while returning to savour its culinary treats each night. A few nights in Cork will dispel the outdated notion that Irish cooking is bland; this city is serious about good food and drink, which includes a dedication to a good cup of coffee. Galway is an equally appealing base for a few days on the west coast. It’s close to the Cliffs of Moher and the Aran Islands, but it’s also an energizing contemporary city in its own right. Travellers who love music will find plenty of live music at bars and clubs across the city, as live music seems to be its ever-present soundtrack.

Rock of Cashel

Irish Foundations

Just to the north of Dublin lies Bru Na Boinne, the Valley of the Boyne, which is a complex series of megalithic tombs and art that’s older than the Egyptian pyramids by a full 3,000 years. It’s even older than Stonehenge, so if travellers are wanting to explore ancient Ireland, there’s no better place to go. Although they should be sure to book in advance, since it’s one of Ireland’s hottest tickets. Regarding relatively more recent history, the Rock of Cashel is one of the foundational spots in Ireland. It’s the location where St. Patrick converted the Celtic King Aenghus to Christianity. The remaining medieval ruins are probably the best in the nation, as are the surviving buildings, including Cormac’s Chapel, which acts as a time machine back to the 12th century.

Blarney Castle

Ireland’s Most Famous Castle

Travellers looking to unlock the “gift of gab,” or simply take some goofy photos to post on social, will want to put Blarney Castle on the itinerary. Home to the namesake stone, Blarney Castle is one of Ireland’s most touristy attractions, where travellers can line up to kiss the famous stone and see if it bestows its famous eloquence. Of course, actually kissing the stone is no simple feat. Beyond the queues, it includes bending over backwards, holding onto an iron railing, and puckering up to kiss a piece of rock that has seen its fair share of lips over the years. Even if travellers aren’t keen to actually kiss the rock, the 600-year-old ruin is a fun historical site to explore, especially if travellers are staying the night in County Cork.

First published at Travel Industry Today

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First published at TravelNewsHub.com – Global Travel News

EXPERIENCE ENCHANTING LANDSCAPES ON A TAILOR-MADE TRIP TO IRELAND

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If one colour defines Ireland, it has to be green. It’s the Emerald Isle, after all, a country associated so intimately with the colour green that it’s come to define the nation and its culture worldwide. But the association all comes back to the landscape. Ireland is a beautiful nation, one covered in greenery that sweeps across the rock-strewn island in the North Atlantic. The nature in Ireland, defined by its greenery, casts a spell over all travellers lucky enough to visit.

But there are certain natural landmarks that stand above the rest, like stony cliffs standing over the cresting waves of the Atlantic. If travellers are seeking to gaze out upon the Cliffs of Moher, explore The Ring of Kerry, or drive through the Dingle Peninsula, travellers should go with Goway. Goway’s Destination Specialists have over 50 years of experience planning tailor-made trips. Learn more on Goway’s website.

Cliffs of Moher

Ireland’s Famous Cliffs of Moher

It’s a simple day trip from Galway to reach these 8 km-long cliffs facing the Aran Islands off the central west coast. The cliffs are shrouded in legend, with stories of mermaids, lost cities, witches, and frightening eels creating a mythic atmosphere, but you don’t need to buy into legend to appreciate the breathtaking sight of these iconic cliffs. Travellers seeking to escape the crowds can head to the nearby watchtower at Nag’s Head for a relatively uncrowded view at the cliffs’ southern edge. Off the coast lie the Aran Islands, which have traditional villages, ancient forts, and settlements dating back to the Bronze Age. Travellers seeking to experience Ireland at its most tranquil should arrange for a day trip to the islands.

Ring of Kerry

Following The Ring of Kerry

No ring road in Ireland is as justifiably popular as The Ring of Kerry. This touring route connects from Killarney National Park to the Atlantic Ocean, and includes some of the best natural views in Ireland, including The Gap of Dunloe and Ladies’ View. Travellers can explore attractive small towns, including the historic settlement of Kinmare, and gaze upon the gorgeous coastal views of the Muckross Peninsula. Travellers can even connect to Skellig Michael, the rocky island home to a Gaelic monastery and site of key scenes in the recent Star Wars movies. Simply driving the country roads of The Ring of Kerry provides an enchanting view of Irish landscape and culture, but travellers should consider visiting in the shoulder seasons of spring or fall or avoid the crowds.

Dingle Peninsula

Ireland’s Most Beautiful Region

Arguably the most picturesque part of Ireland is the Dingle Peninsula, which juts out into the Atlantic in the southwest. The peninsula is dotted with green landscapes, coastal views, delightful towns, and a thriving music scene. The town of Dingle itself is a great starting point for travellers to enjoy a taste of Ireland’s Bohemian side before they continue along Slea Head Drive to Dun Beag and the medieval stone house of Fahan Beehive. Travellers can visit the 1,300-year-old stone church of Gallarus Oratory, take a boat cruise to Great Blasket Island, or simply stop off in small settlements for a pint or a live music performance along the way. There are few better places to enjoy the quintessential Irish experience than in this rural stretch on the west coast.

First published at Travel Industry Today

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First published at TravelNewsHub.com – Global Travel News

Presenting Global Retail Tourism: Trends and Insights

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Presenting Global Retail Tourism Trends and Insights - TRAVELINDEXBarcelona, Spain, September 18, 2023 / TRAVELINDEX / A thought leadership event exploring the significant untapped potential of retail tourism took place at La Roca Village, part of The Bicester Collection, in Barcelona today, concluding with a resounding call for attention to the importance of retail tourism. The event featured the launch of a ground-breaking report, “Global Retail Tourism: Trends and Insights”, a collaborative effort between the World Travel & Tourism Council (WTTC), The Bicester Collection and Hong Kong Polytechnic University. With a strong focus on data and insights, the report seeks to define the future of retail tourism, highlighting the key trends, challenges, and opportunities shaping the sector.

The event featured a series of conversations, highlighting key voices across multiple business sectors. Moderated by international news anchor Maria Ramos, the panel speakers included:

• Julia Simpson, WTTC President & CEO
• Desirée Bollier, The Bicester Collection Chair and Global Chief Merchant
• Professor Haiyan Song, School of Hotel and Tourism Management at The Hong Kong Polytechnic University Director of Hospitality and Tourism Research Center
• Maribel Rodriguez, WTTC Senior Vice President Membership, Commercial, & Events
• Miguel Sanz, Tourespaña General Director
• Elena Foguet, The Bicester Collection Business Director Spain
• Jeni Mundy, VISA Global Senior Vice President Merchant Sales & Acquiring
• Anne Madison, Cruise Line Industry Association (CLIA) Senior Vice President Global Marketing & Strategic Communications
• Nikolina Angelkova, Terra Way Investment Group Member of the Board

Julia Simpson, WTTC President & CEO, said:

“In the world of Travel & Tourism, retail tourism’s significance cannot be overstated. Accounting for over $178 billion of global GDP in 2019, it’s time to recognize its true potential.

Our report reveals that retail tourism is not just about shopping; it’s about revenue, job creation, and influencing travellers’ choices. I urge stakeholders worldwide to read, reflect, and act upon this report’s findings. We now have a comprehensive understanding of the challenges and opportunities in retail tourism. It’s our collective responsibility to embrace these opportunities, shape the industry’s future, and embark on an exciting journey.”

Desirée Bollier, Chair and Global Chief Merchant, The Bicester Collection commented: “Retail Tourism plays a crucial role in infusing a vibrant economic upswing into local communities, accelerating the creation of jobs and fuelling infrastructure expansion. Retail, travel, and tourism are all intertwined and must work together to enhance the tourist’s journey. This collaborative mindset will ultimately be an equal win for the tourism industry and the traveller.”

For more information and to access the Retail Tourism report, please visit the WTTC Research Hub website

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First published at TravelNewsHub.com – Global Travel News

New Data Shows Investment Returning to Global Tourism Sector

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New Data Shows Investment Returning to Global Tourism Sector - TRAVELINDEXMadrid, Spain, September 18, 2023 / TRAVELINDEX / Investment in the global tourism cluster has started to bounce back from the lows it touched during the pandemic off the back of the steady recovery of international tourist arrivals, according to a newly released report jointly produced by UNWTO and fDi Intelligence.

The report, which is based on data from fDi Markets, fDi Intelligence’s proprietary database of greenfield FDI projects, as well as international tourism data from UNWTO, provides a broad overview of the ongoing investment cycle in the tourism sector, breaking down investment figures by region, segments and companies. Key findings include:

  • Both FDI project numbers and job creation rates in the tourism cluster grew by 23% from 286 investments in 2021 to 352 in 2022. Job creation in tourism FDI also increased by 23% over the same period, to an estimated 36,400 in 2022.
  • The leading destination region for tourism FDI projects in 2022 was Western Europe with 143 announced investments at a combined estimated value of $2.2bn.
  • The number of announced projects into the Asia-Pacific region increased marginally by 2.4% to 42 projects in 2022.
  • The hotel and tourism sector accounted for almost two-thirds of all projects in the tourism cluster between 2018 and 2022. FDI projects increased by 25% from 2021 to 2022.

These investments will then pave the way for a skilled workforce that can deliver exceptional growth, drive innovation and, by embracing digital technologies, enhance the competitiveness and resilience of the tourism sector

“Greenfield FDI into the tourism sector is showing signs of life after all but vanishing in the pandemic years. With Covid–19 behind us, the sector has no time to waste in addressing the biggest challenge of our times: climate change and the resulting sustainability imperative,” comments Jacopo Dettoni, the editor of fDi Intelligence.

“To ensure the growth and competitiveness of the sector, significant investments must be made in education and talent by upskilling the professional workforce and implementing vocational and technical programmes. Only in this way can we equip young people — of whom only 50% have completed secondary education — with the knowledge and capabilities they need to thrive in the sector. These investments will then pave the way for a skilled workforce that can deliver exceptional growth, drive innovation and, by embracing digital technologies, enhance the competitiveness and resilience of the tourism sector,” argues Zurab Pololikashvili, UNWTO Secretary-General.

“As the sector steers its course towards recovery and growth, UNWTO now, more than ever, prioritises innovation, education and strategic investments as the pillars for recalibrating and adapting to these ever-evolving market dynamics. Spearheading a series of initiatives, we equip the professional workforce with new skills through upskilling and vocational workforce programmes, creating quality job opportunities, and raising average wages across the entire tourism value chain,” says Natalia Bayona, executive director of the UNWTO.

The North America and Asia-Pacific regions each contribute three companies to the top 10 investors list for tourism foreign direct investment (FDI) between 2018 and 2022. The rest of the top 10 comprises companies from Europe, with Spain-based Melia, UK-based Intercontinental Hotels Group, France-based Accor and UK-based Selina all featuring.

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First published at TravelNewsHub.com – Global Travel News

Thailand to Drive Boating in Region with Thailand International Boat Show 2024

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Thailand to Drive Boating in Region with Thailand International Boat Show 2024 - TRAVELINDEX - TOP25YACHTS.comPhuket, Thailand, September 15, 2023 / TRAVELINDEX / Over 80% of the in-water space is already booked. A new purpose built air-conditioned marquee will be the home for onshore exhibitors and better connect with the in-water displays and social scene. From 11 – 14 January 2024 the focus of the marine leisure world in the Asia-Pacific region will be on the second annual Thailand International Boat Show A Luxury Lifestyle Event. With more than 80% of the in-water space already booked and a new onshore layout, the event will showcase Thailand and the best of boating and luxury lifestyle across Asia to the world.

Held at Royal Phuket Marina and organised by JAND Events, the Thailand International Boat Show A Luxury Lifestyle Event wraps up an almost two-month festival of marine events that showcase Thailand’s world-class charter (Thailand Charter Week, 17 – 19 November 2023), racing (Phuket King’s Cup Regatta, 2 – 9 December 2023) superyachts (Kata Rocks Superyacht Rendezvous, December 2023) and boating and luxury lifestyle (Thailand International Boat Show, 11 – 14 January 2024) credentials to the world.

“Southeast Asia, with Thailand as its hub, has long been considered one of the top yachting destinations in the world. The cruising grounds are spectacular and will take the breath away of any first time visitor, while the marine infrastructure and onshore leisure facilities are comparable with the best in the world,” commented David Hayes, CEO of organisers JAND Events. “The industry has come together with a resounding “yes” in support of the Thailand International Boat Show A Luxury Lifestyle Event and we’re excited to announce that there will be more than 50 boats in-the-water for the 2024 edition, with many marine and luxury lifestyle businesses already confirmed onshore. It is my belief that in time the Thailand International Boat Show A Luxury Lifestyle Event will be a key event on the global calendar promoting boating in Thailand and across Asia.”

Confirmed Exhibitors In-the-water, Simpson Marine have confirmed six boats including a Sanlorenzo SX76 as well as models from Bluegame, Beneteau, Fairline, Lagoon and Aquila. Boat Lagoon Yachting will have a range of Princess and Jeanneaus on display while V Yachts Asia will be showcasing Riva and Ferretti. Derani Yachts will be displaying the popular Axopar boats as well as Greenline, Lee Marine will be showcasing their services and brands including a number of Rivieras, Asia Yachting will have Prestige yachts on display, Go Boating will display Gulf Craft and new-comer to the show, Extreme Marine will be displaying an Al Dhaen 365cc.

The Yacht Sales Co have confirmed two Fountaine Pajots, a Dufour and a Tesoro for viewing while Leopard Catamarans will be showing a number of their latest models. Northrop & Johnson have also confirmed their return in water.

Onshore, visitors can expect a range of businesses from marine products and services to tech and lifestyle. Those currently confirmed include Hull Co. Ltd, SEA Yacht Sales, FLS Yacht, the ASA Group, Thailand Privilege, Nava by Thaicom, Flexiteek and Marine Services Asia.

New for 2024
Organisers JAND Events are planning a number of new additions to this year’s show, including:
– An all-new onshore exhibition space – a purpose built air-conditioned marquee will be erected in Royal Phuket Marina’s Town Square, better connecting the in-water, onshore and social spaces for visitors.

– Thailand Yachting Conference (10 January) – The conference will take place the day before the show opens and will bring together government officials and leading industry professionals to share insights on regulations, cruising grounds, infrastructure, superyachts, technology and sustainability.

– Robb Report “Best of the Best” Yachting Awards (10 January) – a first for Thailand International Boat Show A Luxury Lifestyle Event, the yachting awards will be hosted by Robb Report and will be presented at a Gala Dinner the evening before the show opens.

– Wade Pearce, Founder & Director of SG Marine Guide Pte, Ltd. and Thai Marine Guide has been appointed a consultant and brand ambassador – Pearce will organise the Thailand Yachting Conference as well as consult to organisers JAND Events.

Aligned with the Thai government’s desire to stimulate yacht tourism, organisers JAND Events are working closely with the Thai Yachting Business Association, the Ministry of Tourism and Sports, the Tourism Authority of Thailand, the Thailand Convention and Exhibition Bureau, as well as industry stakeholders and media partners to promote Thailand as a world-class yachting hub.

The Thailand International Boat Show A Luxury Lifestyle Event will be held 11-14 January, 2024 at Royal Phuket Marina. For more information, visit www.thailandinternationalboatshow.com.

About JAND Events
JAND Events is a multinational team of Thailand-based professionals passionate about events. Led by CEO David Hayes who has over 30 years experience in the Events, Hospitality and Travel industries, JAND Events is the chosen partner for brands such as Louis Vuitton Moët Hennessy, L’Oréal, Givenchy, Kenzo and more. JAND Events and Thailand International Boat Show are trading divisions of JAND Group Co., Ltd.

Sponsors of the 2024 Thailand International Boat Show
Supporting authorities: Ministry of Tourism and Sports, Phuket Province, Tourism Authority of Thailand and Thailand Convention and Exhibition Bureau, Thai Yachting Business Association. Host Sponsor: Royal Phuket Marina. VIP Lounge Presenting Sponsor: Cessna and Beechcraft by Textron Aviation. Official Suppliers: Thailand Marine Guide. Official Media Partners: Hot Magazine, Robb Report Thailand, SEA Yachting. Official Local Partners: Helicam, Phuket Marine Guide. PR & Marketing Support: Asia Sponsorship News, Infinity Communications, The Sponsorship Experts.

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First published at TravelNewsHub.com – Global Travel News

Booking.com and TAT Launch Explore Thai Taste to Boost Gastronomic Tourism

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Booking.com and TAT Launch Explore Thai Taste to Boost Gastronomic Tourism - TRAVELINDEX - TOP25RESTAURANTS.comBangkok, Thailand, September 14, 2023 / TRAVELINDEX / Booking .com collaborates with Thailand’s Tourism Authority to unveil the “Thai Foodie Map,” spotlighting local eateries in lesser-known destinations, amplifying Thailand’s culinary heritage. Booking .com is joining forces with the Tourism Authority of Thailand (TAT) to launch the exciting ‘Explore Thai Taste’ campaign as gastronomic tourism continues to rise as a travel trend that transcends borders, attracting both foreign and local travelers seeking authentic culinary experiences. This collaborative effort aims to launch the “Thai Foodie Map”— a one-of-a-kind local guidebook that will highlight local eateries and food shops in secondary or alternative destinations across the country. This campaign not only celebrates Thailand’s rich culinary heritage, but it also uses the soft power of food to promote the country’s tourism to both domestic and international visitors.

Based on Booking .com research 75% of global travelers and 86% of Thai travelers seek authentic experiences that are representative of the local culture, with food being one of the top deciding factors for both Thai (89%) and global (77%) travelers. Thailand has a strong reputation for delicious cuisine, making it an ideal destination for food enthusiasts. Thai cuisine’s global popularity remains strong due to its diverse menu, which includes everything from the sweet and spicy flavors of Pad Thai to the aromatic green curries that tingle the taste buds. The #ExploreThaiTaste campaign capitalizes on this trend by encouraging visitors to visit lesser-known destinations outside of the country’s major cities.

Mr. Chattan Kunjara Na Ayudhya, Deputy Governor for Marketing Communications, Tourism Authority of Thailand, said, “The Explore Thai Taste campaign is an open invitation to discover the soul of our nation through its flavors. Each bite is a journey through our rich heritage, and each dish carries the essence of our culture. We believe that by showcasing our diverse culinary landscape, we can help to promote Thai destinations, particularly in these secondary provinces. By sharing these hidden culinary gems, we’re not only creating a flavor-filled journey but also playing a vital role in highlighting the unique charm of Thailand’s diverse provinces. It’s a delicious way to celebrate our nation’s cultural delights.”

The heart of this campaign is the “Thai Foodie Map” – a comprehensive guide showcasing 40 hand-picked local restaurants from eight provinces, representing the diverse culinary offerings of Central, North, South, and Northeastern Thailand, that invites everyone to explore the authentic flavors of Thailand while encouraging domestic travel.

Chatsuda Lertpiriyakamol, Area Manager Partner Services Thailand and Indochina at Booking .com, said, “The #ExploreThaiTaste initiative aligns with Booking .com’s mission of making it easier for everyone to experience the world, and we believe that the Thai Foodie Map creation and introduction will serve as a delicious guideline for everyone to embark on a journey of unique taste and local culture, while celebrating the different flavors of each destination. We are thrilled to be working with the TAT on this campaign, who is our enthusiastic guides on this culinary adventure across Thailand. Through this collaboration, we aim to create an unforgettable and mindful gastronomic journey that encourages domestic travel while also supporting local communities across the country and enabling them to thrive.”

To bring these culinary journeys to life, Booking .com and TAT are collaborating with local food and travel bloggers eager to explore new destinations and share their culinary adventures in each region. They’re also partnering with ‘Travel Sustainable Properties’ on Booking .com in each recommended destination, offering eco-friendly accommodations that support local communities.

The Thai Foodie Map not only highlights regional delicacies, but also signature dishes from every corner of Thailand. The Thai Foodie Map promises a mouth-watering journey through Thailand’s culinary diversity, from the herbal curries of the South to the fiery Som Tam of the Northeast; as well as the savory delights of Central Thailand to the unique flavors of the North. To further assist travelers, detailed itineraries, recommended Travel Sustainable properties, and community-benefiting experiences will be published, ensuring that every adventure adheres to responsible tourism principles.

By celebrating local restaurants and engaging travelers, the Explore Thai Taste campaign under collaboration between Booking .com and TAT, showcases Thailand’s incredible culinary diversity while enriching travel experiences for both local and international tourists.

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First published at TravelNewsHub.com – Global Travel News