"Tourism as a Catalyst for the Revitalization of the World Economy" Forum: Insights for the Recovery in Global Tourism

Focusing on "Rebuilding World Tourism for Prosperity ", the conference forum was themed "Tourism as a Catalyst for the Revitalization of the World Economy ".

Release time : 2020-09-06 19:42:07

source : WTCF

On September 5th, the World Conference on Tourism Cooperation and Development, hosted by the World Tourism Cities Federation, was held in Beijing, one of the four summit forums conducted during the 2020 China International Fair for Trade in Services. Focusing on "Rebuilding World Tourism for Prosperity", the conference forum was themed "Tourism as a Catalyst for the Revitalization of the World Economy", aiming to promote the recovery of the global tourism industry, and provide constructive suggestions to restore its prosperity, through exchange and sharing.

"Tourism as a Catalyst for the Revitalization of the World Economy" Forum

Tiger Wu, WTCF Expert, Professor of Peking University, presided over the theme forum. Chang Yang, Vice President of Alibaba Group, delivered a keynote speech at the conference. Chang concluded that the major impacts of the current pandemic on the world were an acceleration of digitalization, growth in new business models, and changes in the capacity to consume. From his perspective, further improvements in, and new driving forces for, the development of the tourism industry were needed to accelerate its recovery. Taking Alibaba's practical experience as an example, Chang focused on the three major traits of the tourism industry's new growth drivers, namely intellectual property, digitalization, and green development. "We hope to utilize commercial infrastructure established over the past two decades, connect with users, provide a stronger incentive for world travel, and present culture with technology in order to aid in its revitalization".

One of the most important industries in the world economy, tourism has vital and stimulating effects on the world’s economic development and recovery. While promoting the rebound of world travel, governments of various countries have introduced policies to encourage the resumption of work and the recuperation of consumption. David Pipinashvili