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From Aspirations to Actions: UNWTO's Vision comes to life in Riyadh on World Tourism Day
Delving into the UNWTO's Mission: Sustainable Economic Growth & Development through Tourism Investments

The tourism sector has globally bounced back strongly. This, of course, doesn't just include leisure travel alone, but travel for business, education and even healthcare. While it hasn't reached 2019 levels just yet, the projections have been rather promising with an 80-95 per cent recovery this year according to UNWTO Barometer, and this is reflected in the recently concluded World Tourism Day celebrations in Riyadh by the United Nations World Tourism Organisation (UNWTO).The UNWTO is an intergovernmental organisation with 159 Member States, 6 Associate Members, 2 Observers and over 500 Affiliate Members. The General Assembly is the supreme organ of the organization. The Executive Council takes all measures, in consultation with the Secretary-General, for the implementation of the decisions and recommendations.The 2-day celebrations in Riyadh brought together the best and brightest minds from the world of tourism, hospitality and& education. Many prominent dignitaries from Saudi Arabia, India, Tanzania, Cyprus, Spain, Croatia, South Africa, and other member countries were a part of it. This was the largest gathering of the global tourism sector in the 43-year history of World Tourism Day.To quote António Guterres, UN Secretary-General: “Tourism is a powerful force for progress and mutual understanding. But in order to deliver its full benefits, this force must be protected and nurtured. On this World Tourism Day, we recognize the vital need for green investments to build a tourism sector that delivers for people and planet. So let us all do more to harness the full potential of sustainable tourism. Because investing in sustainable tourism is investing in a better future for all.”The theme for 2023 was Tourism and Green Investments and it centred on the need for using investments to bring about the development of human capital that the tourism industry needs; to develop destinations in ways that go beyond tourism, creating prosperity; and ensuring that travel becomes more sustainable. In essence, the focus through the different sessions remained on people, planet, and prosperity.The agenda for the first day closely echoed this theme through sessions on investments in people, destinations, and sustainability, in addition to celebrating innovation and entrepreneurship via commemorating the winners of the Women in Tech Start-Up Competition. Day Two focused more deeply on how investments can drive a sustainable future for the tourism industry and aimed at drawing attention to the various forms of partnerships that can make this happen.With bigger projections for the tourism sector in place, these important conversations happened at the right time, with the right set of stakeholders. The UNWTO's mission when it comes to investments is to promote the development of competitive and sustainable economic growth via tourism through 3 key objectives
- Enhance access to finance and investments where they are needed most, by fostering connections to a high-level global network
- Promote investments that focus on boosting job creation and sustainability in tourism
- Develop sustainable investment mechanisms by partnering with the right stakeholders who can mobilise resources in the right channels
First Published:Oct 10, 2023, 13:11:42 IST
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