Tourism Investment Report 2021
For the third consecutive year, fDI Intelligence, in association with the World Tourism Organization (WTO/UNWTO), released its publication on Foreign Direct Investment in Tourism, analysing investment and market data reflecting the pandemic impact on the global tourism industry.
The report notes that Western Europe has attracted the largest number of FDI projects in tourism in 2020, with 85 announcements, with accommodation remaining the main sub-sector, generating more than 29,870 jobs by 2020. According to WTO Secretary-General Zurab Pololikashvili, who wrote an opinion piece for the report, the tourism industry will change dramatically due to the aftermath of the pandemic, which has accelerated digitization across the value chain, expanded the adoption of new technologies and highlighted opportunities to decarbonize the sector.
According to EY, digital is forcing organizations to rethink traditional business models and adopt an agile approach to their talent strategies. A wave of technology is helping to reinvent the workplace and enable performance above and beyond previous capabilities.
The 15th edition of the Deloitte Hotel Atlas, a report that analyses the supply of accommodation in Portugal in 2019 and its distribution in the territory, describes the positive evolution of the country in terms of hotel supply and demand, in a year described by investors as peak investment.
The World Travel & Tourism Council (WTTC) shares best practices and recommendations for adopting innovative digital technologies to enable seamless travel and stays.
Horwath HTL has published a market report on the Portuguese hotel industry, in which it anticipates, despite the downturn in tourism activity, a firm expectation of recovery as a result of Portugal’s international image as a sustainable and safe tourist destination.