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UNWTO further strengthened its cooperation with the Development Bank of Latin America and the Caribbean as it brought together public and private sector leaders to advance investments in the tourism sector.

Against the backdrop of the meeting of its 68th Regional Commission for the Americas, June 30^th, 2023 in Quito, Ecuador, UNWTO hosted the Seminar on Sustainable Investments to explore the main challenges and opportunities around this topic in the region, and here are some of the main points.

Tourism Investments: A defining priority

The latest data from UNWTO shows that tourism in the Americas is steadily recovering, with international arrivals reaching 86% of 2019 levels by the end of the first quarter of this year. Moreover, foreign direct investment (FDI) in the tourism sector, which had experienced a decline, is now showing signs of revitalization:

Registered projects investment projects rose by 185% between 2022 2021. These projects accounted for a total value of 192.6 billion USD, reflecting rising investor confidence in the region’s potential.

Additionally, in 2021, Foreign Direct Investment (FDI) surged to US$134 billion, a 56% year-on-year increase, reclaiming a substantial portion of the ground lost in 2020. …continues at … https://www.unwto.org/news/unwto-puts-spotlight-on-tourism-investment-in-the-americas

The World Tourism Organization (UNWTO) in collaboration with the Georgian National Tourism Administration recently announced at the World Travel Market in London the 1st UNWTO Global Conference on Wine Tourism – the wine tourism conference will be held in the Kakheti wine region of Georgia September 7-9, 2016.

UNWTO Secretary-General, Taleb Rifai, who led the presentation with the Head of Georgian National Tourism Administration, George Chogovadze and the Georgian Ambassador to Spain, Zurab Pololikashvili, explained: “Wine tourism represents a growing segment with immense opportunities to diversify demand. In the case of Georgia, this potential is well-known and we are very pleased to be holding the first UNWTO Global Conference on Wine Tourism in the country”.

“Georgia’s unique wine-making traditions date back 8,000 years and are part of UNESCO’s intangible heritage, creating the ideal base to host the Wine Tourism Conference. Herewith, the country’s recent success in attracting a growing number of tourists, its development in terms of tourism products, branding and marketing present an excellent platform to share best practices, experience and knowledge” said Dimitry Kumsishvili, Minister of Economy and Sustainable Development of Georgia.

Gastronomy and wine have become key components for experiencing the culture and lifestyle of any destination and a growing travel motivation. To foster the development of this segment UNWTO launched in September, the UNWTO Gastronomy Network.

For more information about the Conference, click here:  
http://affiliatemembers.unwto.org/event/1st-unwto-global-conference-wine-tourism

Tag: UNWTO

1st UNWTO Global Conference on Wine Tourism:September 2016 Kakheti, Georgia