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Chen Dong, Secretary-General of WTCF and Director-General of Beijing Municipal Bureau of Culture and Tourism: Tourism will Remain the Most Attractive Sector for Investment During the Post-epidemic Era

During the Tourism Investment and Financing Conference, Chen Dong, Secretary-General of WTCF and Director-General of Beijing Municipal Bureau of Culture and Tourism, delivered a speech.

Release time : 2020-09-06 17:39:34
source : WTCF

Chen Dong, Secretary-General of WTCF and Director-General of Beijing Municipal Bureau of Culture and Tourism delivers a speech

On the morning of September 5th, the World Conference on Tourism Cooperation and Development commenced at the China National Convention Center in Beijing. Themed “Rebuilding World Tourism for Prosperity”, the conference is being held by the WTCF. During the Tourism Investment and Financing Conference, Chen Dong, Secretary-General of WTCF and Director-General of Beijing Municipal Bureau of Culture and Tourism, delivered a speech. Secretary-General Chen stated that Tourism Investment and Financing Conference, was held with several aims including the discussion of investment and financing issues for global tourism in the context of the COVID-19 pandemic, the boosting confidence in the recovery and development of the sector, and invigorating the reboot of the industry, which represented an important element of the World Conference on Tourism Cooperation and Development.

Tourism is one of the most important sectors of the world economy. Data in Report on World Tourism Economic Trends indicate that in 2019, world travel arrivals exceeded 12 billion; and total global tourism revenues exceeded 5 trillion US dollars, contributing over 5% to global economic growth, with jobs in the tourism industry accounting for 1/10 of all jobs worldwide. However, due to the COVID-19 epidemic, global tourism has almost come to a halt.

Chen Dong said that, consistent with trends in the global situation since the outbreak of COVID-19, some countries had engaged in unilateralism, instigating backward relocation of industries. Competition among major powers had intensified as a result, with globalization encountering serious setbacks, and the international order facing adjustment. The impact of COVID-19 on the world travel had led to wider adoption of cutting-edge technologies including the Internet, big data and artificial intelligence, while small

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