World Tourism Forum Lucerne Think Tank calls for new travel and tourism infrastructure investment for sustainable growth
The Forum`s General Manager, Martin Barth, said: “We are delighted that this unique gathering that engages Ministers and CEOs, financial experts as well as young industry movers&shakers in long term thinking, can play a role in the essential reshaping of the sector. There are few better places in the world than Lucerne to provide the right atmosphere for these exchanges. With the full backing of all participants, we plan to institutionalize this a leading Think Tank of the industry.”
The Think Tank considered the issue of travel and tourism infrastructure investment against the background of a paper from its Chair Professor Geoffrey Lipman and Professor Shaun Vorster, which focused on the potential gap between travel and tourism infrastructure investment and its forecast growth rates.
The Think Tank explored a wide variety of issues, with a broad consensus that:
- It is vital to build on the increasing top government recognition of the sector by alerting them to the dramatic economic consequences of failing to keep pace with essential infrastructure demand. This involves not only the “hard” infrastructure for transport, intermodal connectivity and green growth, but also the “soft” infrastructure of well-trained people to provide the essential support services for smooth tourism flows, as well as visitor and community wellbeing.
- The powerful industry messages about the importance of travel and tourism now need to ensure that key enabling government departments dealing with finance, investment, facilitation, transport, construction, security and the like, see how sustainable growth of travel and tourism can strongly support their own priorities.
- This should be extended to other important regional and international bodies dealing with trade, economics and social inclusion. The World Bank Group, regional and bilateral aid donors need to be alerted to the real potential of travel and tourism to contribute to their development support programs.
- The different sectors in the travel and tourism value chain have recognized the need for green growth transformation. But to the extent that there are patterns of disconnect from mainstream industry initiatives, this should be addressed and a greater degree of co-ordination and harmonization of standards and targets will become increasingly important.
- We also need more data on the interrelationship of infrastructure investment, and sustainable travel and tourism growth - against the background of a rapidly changing value system, where the customer will increasingly focus on quality, experiences and sustainability.
- There is a strong need to intensify the use of Public Private Partnerships to increase investment activity while reducing risk.
Professor Lipman in summing up the discussions said: “The great thing is that we were able to agree on the importance of balancing the evident benefits of continuous growth with the equal need for sustainability and the pivotal importance of finding substantial new investment in our vital infrastructure to make this happen. The central message is that our sector can provide massive societal benefits if we grow wisely, but we need infrastructure investment now and we need to be creative in developing public and private sector coalitions to secure the funds to make it happen.”
MEDIA CONTACTS: International Coalition of Tourism Partners, Juergen Thomas Steinmetz, Chairman, Phone: +1-808-566-9900, email@example.com ; Geoffrey Lipman, President, firstname.lastname@example.org ; Marie-Julie Chaput, Membership Liaison, email@example.com