Before Covid-19, the global travel and tourism sector grew at 3.9% outpacing the global economy growth of 2.5% for the ninth consecutive year. The sector contributed approximately US$8.9 trillion which represents 10.3% of global GDP in 2019 and one in 10 jobs (330 million) around the world.The Covid-19 has brought the global economy and the travel and tourism sector to a standstill with unprecedented impact on society at large. It has destroyed economies leading to an economic and humanitarian crisis on a scale not faced since the Second World War. Over the past two months millions of people have lived with lockdown and while some countries have been able to contain the spread of the virus, others are still fighting to control it. The vast majority of businesses globally that depend on tourism and travel are desperate to reopen and begin operating under the “new normal”. This Virtual Summit on June 10 2020 is organised by the International Tourism and Investment Conference (ITIC) in partnership with WTM London. It brings together experts from the health sector, government ministers, policy makers and tourism leaders from the travel and tourism sector connecting them with investors, investment bankers and private equity firms to discuss and consider financial solutions and preparedness to reopen the tourism industry for a better future.
This summit focuses on three themes:1. Health: dealing with Covid-19, and how we restore travellers’ confidence and rebuild business. 2. Investment: understanding the financial mechanisms that allow you to survive and rebuild. 3. Future: This may not be the last crisis, how can you prepare for any future global catastrophe This virtual summit uses the latest video technology, viewable on your browser, will bring together more than 2,000 attendees in an interactive environment. Registration and attendance is free and we invite you to be part of it.