The European Union is prioritizing tourism, with Greece leading the way. Commissioner Apostolos Tzitzikostas’s announcement places tourism in a Commissioner’s portfolio for the first time, highlighting its economic importance. Greece’s tourism success, contributing nearly 30% to its GDP, showcases the potential for sustainable growth and community benefits.
Qatar Airways Group CEO, Engr. Badr Mohammed Al-Meer, discussed the airline’s sustainable growth strategy, strategic partnerships, and innovative initiatives at the 22nd Doha Forum. He emphasized the airline’s resilience, record profits, and expansion into emerging markets, highlighting its role as a global leader in aviation.
flydubai marked the 53rd UAE National Day with a vibrant celebration at its campus, highlighting its commitment to the nation’s values of ambition, sustainability, and prosperity. CEO Ghaith Al Ghaith emphasized the airline’s role in connecting communities and driving economic growth, reflecting the UAE’s forward-looking vision.
Saudi Arabia, under the leadership of Finance Minister Mohammed Al-Jadaan, has called for increased global collaboration to foster sustainable economic growth during the IMF and World Bank Annual Meetings. This call comes as Saudi Arabia takes the helm of the International Monetary and Financial Committee (IMFC), signifying its commitment to global economic stability and development.
Mohamed Mihad, Chief Commercial Officer of Maldives Airports Company Limited (MACL), highlighted the crucial role of Velana International Airport in the growth and evolution of the Maldives’ tourism industry. He discussed the airport’s history, its challenges, and its future opportunities for collaboration with the tourism sector, emphasizing its commitment to sustainable growth and exceptional service.
The Seychelles Tourism Department and UNECA convened a workshop to assess the potential of the cruise tourism sector, focusing on cost-benefit analysis and developing a sustainable growth plan for the industry.
The World Economic Forum (WEF) has released its annual Travel & Tourism Development Index (TTDI), highlighting the resurgence of the travel and tourism industry in 2024. Despite the challenges posed by the pandemic, the WEF predicts passenger numbers to return to pre-pandemic levels, driven by pent-up demand. Among the top-ranked countries, the US, Spain, and Japan emerge as the leaders. Europe dominates the top 10 economies for travel and tourism, with 26 of the top 30 scorers being high-income countries. However, the report also notes challenges facing the industry, including labor shortages, fiscal constraints, and the need for sustainable growth.
Hostelworld, a leading global OTA, has announced the appointment of Paul Duffy and Ulrik Bengtsson as Independent Non-Executive Directors, bolstering its strategic vision and governance structure. The company’s Annual General Meeting also saw the retirement of Michael Cawley as Chair. These appointments reflect Hostelworld’s commitment to growth, innovation, and enhancing shareholder value.
As Israel faces ongoing conflict, it is essential to not only achieve military victory but also emerge socially and economically stronger. The transformation of the northern and southern regions into thriving hubs is crucial. This vision requires a bold departure from past practices, embracing a holistic approach that can revitalize these communities. The plan includes affordable housing, education and employment opportunities, community building, and tourism development. By implementing these strategic initiatives, Israel can recover and enhance its position as a dynamic, innovative nation, transforming the North and South into thriving economic and cultural hubs.
Prime Minister Narendra Modi has emphasized the urgent need for investing in disaster-resilient infrastructure to mitigate the devastating impacts of natural disasters. Addressing the 6th International Conference on Disaster Resilient Infrastructure (ICDRI) virtually, PM Modi highlighted the increasing frequency and severity of natural disasters, which have significant consequences for communities and societies.
