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Critical Factors to Attract Hotel Investments


The submit Critical Factors to Attract Hotel Investments appeared first on TD (Travel Daily Media) Travel Daily.

WTTC REPORTWTTC REPORT

The COVID-19 pandemic devastated the Travel & sector, main to a GDP lack of almost USD 4.9 trillion and 62 million job losses in 2020.

Meanwhile, capital funding in Travel & Tourism additionally fell considerably from USD 1.07 trillion in 2019 to USD 805 billion, representing a 24.6% drop. 2021 noticed an extra 6.9% decline within the sector’s funding to attain USD 750 billion.

Investment in motels represents a key part of general funding and the event of the broader Travel & Tourism sector. As the sector begins to get better, it will likely be important to appeal to ample capital funding to allow its full progress potential.

While the World Travel & Tourism Council’s (WTTC) projections level to robust progress in Travel & Tourism funding over the subsequent decade – with an anticipated international common annual progress of 6.9% — governments can help this by creating an enabling setting that may appeal to extra funding into Travel & Tourism associated belongings together with motels.

Governments will probably be competing with these of different international locations to appeal to a few of these buyers, and due to this fact these with essentially the most engaging insurance policies will probably be extra profitable.

In addition to clear, open, and constant motion and help – which has confirmed to be paramount in the course of the pandemic – a well-established rule of regulation, political stability, favorable tax incentives, the free motion of foreign money, ample liquidity and entry to capital markets stay stipulations to appeal to resort investments.

Safety & safety with regards to points comparable to crime and the specter of terror assaults and pure disasters are additionally necessary issues for buyers.

As we construct again higher, sustainability and inclusion should be on the coronary heart of a extra resilient and aggressive Travel & Tourism sector. As such, future funding wants to profit locations not solely economically but in addition socially and environmentally.

Destinations with a transparent dedication and plan to attain net-zero emissions and people which take a holistic strategy to vacation spot planning by integrating socio-economic and environmental components will probably be forward of the sport in attracting funding.

The World Travel & Tourism Council (WTTC) at present publishes ‘Critical Factors to Attract Hotel Investment’, a brand new report highlighting the significance of attracting capital funding to allow the Travel & Tourism sector’s full progress potential post-COVID-19, following a 25% drop in 2020.

The report was launched in the course of the ongoing Sustainability and Investment Summit in San Juan, Puerto Rico

The report seems to be at key enabling components for resort funding, and success tales of locations which have employed such components and proven robust progress in funding.

Download a PDF model of the WTTC report click here.

Click to learn the total story: Critical Factors to Attract Hotel Investments | eTurboNews

The submit Critical Factors to Attract Hotel Investments appeared first on Travel Daily.



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