UNWTO: investing in travel and tourism is essential after Covid-19

UNWTO: investing in travel and tourism is essential after Covid-19

The second edition of UNWTO’s Global Tourism Investment Tourism took place from September 2-4 in Cabo Verde, Africa.

The event gathered business leaders, entrepreneurs and investors, with a special focus on innovation and sustainable recovery from the impacts of the Covid-19 pandemic.

With the crisis causing foreign direct investment in tourism to plummet 73 percent, the forum provided a platform for stakeholders to support and promote investments in the sector. Panel discussions, led by leading experts from across the tourism and finance sectors, focused on innovation and investment. As well as providing an analysis of the investment climate in African tourism, including in the case of Cabo Verde, the discussions also addressed potential measures for promoting sustainable investments, digitalization and innovations, the future of mobility and sustainable transport, as well as using targeted investments to drive economic recovery, job creation and resilience post Covid-19.

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UNWTO Secretary-General Zurab Pololikashvili said: “Well-targeted investments can stimulate entrepreneurship, create jobs and drive the green transformation of our tourism, in Africa and worldwide. UNWTO is committed to promoting and building investments in tourism to unlock the sector’s potential to drive recovery and provide opportunity for all.”

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