HSMAI’s Post

【#PolyUResearch 📈】The tourism industry gradually recovers as the epidemic stabilises. The Development of an Automated and Self-Adaptive Tourism Demand Forecasting Platform for the Greater Bay Area (GBA-TDFP) was recently launched by the School of Hotel and Tourism Management, The Hong Kong Polytechnic University (SHTM). Total international visitor arrivals to the Greater Bay Area are forecasted to recover to the pre-pandemic level at close to 130 million by the end of 2024, and the total number of inbound visitor arrivals to Hong Kong to recover to the 2018 level of 65 million by 2025.   Developed by the research team led by Prof. Haiyan SONG, Principal Investigator and SHTM Associate Dean, Chair Professor, and Mr and Mrs Chan Chak Fu Professor in International Tourism, GBA-TDFP features key functions that include big data visualisation, market sensitivity analysis, short-, medium- and long-term forecasting, sentiment analysis, and interactive scenario forecasting. It offers innovative insights and valuable guidance for both industry professionals and academics, effectively transforming vast amounts of data into actionable information, and enabling stakeholders to make informed decisions and maximise the value derived from it.   Learn more: https://polyu.hk/xPrsm   #Forecast #Platform #Tourism #Tourist #GBA #GreaterBayArea

Despite significant tourism and industrial potential, Gandaki's performance remains average. It maintained a consistent fourth position overall in both 2018 and 2019. Learn more in NCI 2022 Study https://lnkd.in/g3qz7Pra Register for the NCI 2024 report release event https://bit.ly/4bqN7rO Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy Paul Cheung Yuba Raj Khatiwada Jaya Jung Mahat Juria Sato Bajracharya Nischal Dhungel Anusha Basnet Sahesha Upadhyay Pradhyumna Wagle Saurav Thapa Shrestha Santosh Poudel Xuyao Zhang Rohanshi Vaid #NepalCompetitivenessIndex #NepalInstituteforPolicyResearch #AsiaCompetitivenessInstitute #NIPoRePolicyResearch

Unlock insights at AIM Congress 2024 with our exclusive panel session: Discovering Growth: Navigating Tourism Investment Horizons. Featuring expert speakers including  Roula Jouny, CEO - Rocket International, Tomás Guerrero Blanco, Director - Halal Trade and Marketing Centre, Alaa Alali, Group CEO - Nirvana Holding, Olivier Harnisch, Member of the Board of Directors - Public Investment Fund (PIF) Hotel Management Company, Víctor Martí Gilabert, Founder & CEO of ATOM Hoteles Socimi and GMA, and Dr. Lubna Al Mazroei, Manager, Economic Diversification Investments - Oman Investment Authority. Moderated by Andrew Chupeau, PR Director – 9Yards Communications ☑️. Explore the dynamic landscape of Middle Eastern tourism investment opportunities, rich in cultural heritage and natural beauty. Uncover promising avenues for sustainable growth and development, shaping the region's tourism industry into a global powerhouse. As the Middle East's tourism industry continues to evolve and diversify, investors have the chance to participate in its growth story.  Don't miss this unparalleled opportunity to gain insights from industry leaders at AIM Congress 2024. Save the date: 7 - 9 May 2024 in ADNEC, Abu Dhabi, get your delegate pass by clicking here: https://lnkd.in/dqk5wgkX and explore the conference agenda at https://lnkd.in/dhM8ZYnz. #AIMCongress #AIMGlobalFoundation #AbuDhabi #InvestmentOpportunity #Emaar #Emaarproperties #Investment #DigitalIndustry #ADNEC #GlobalInvestments #EconomicAdvancement #IndustryLeaders #AbuDhabiEvents #BusinessNetworking #Opportunity #InvestmentInsights #UnitedNations #UNWTO #UNTourism #Tourism

It was an honor to present at the prestigious 6th International Business Research and Industrial Conference (@IBRIC 2024) hosted by #Kenyatta_University's School of Business, Economics and Tourism. My speech, titled "Innovative Corporate Governance for Sustainable Hospitality and Tourism Industry," explored improved governance systems for sustainable tourism businesses. A key novelty was proposing an Islamic governance model that adheres to Islamic principles. Overall, I'm grateful for the opportunity to contribute to this valuable platform for knowledge sharing. Martin W. Irungu, Yenesew Alene B.

How #frugal #innovation can boost the #competitiveness of #Morroco’s #hotel industry ? Read this #academic paper by Imane Ben Yahya

🛫 The tourism industry is in a continuous recovery phase. Now it's time to discuss where we go from here... 📈 Yesterday fDi Intelligence published its annual joint report with the World Tourism Organization (UNWTO) showing that tourism FDI projects jumped by 23% last year, but remain well below 2019 pre-pandemic levels. You can download the full report here: https://lnkd.in/ekBMFeQC 🗣 Can't wait to be in Macao next week for 10th edition of the Global Tourism Economic Forum (#GTEF). I'll have the pleasure of moderating the event's first panel about redefining tourism investments with experts from across the world (see below). Alternative sources of capital such as private equity and venture capital will be critical to boost sustainability, innovation and resilience in the tourism industry. 📺 You can register to participate in the event online at the following link: https://lnkd.in/ewb-CQ-4 🚨 All updates from the event will be posted on the GTEF website: https://lnkd.in/ecFmz5AM #tourism #travel #industry #investment #fdi #economicdevelopment #econdev #sustainability #sustainabledevelopment #event #panel

At a Saturday conference at Chiang Mai University, business leaders pushed Prime Minister Srettha Thavisin to develop a second airport and increase its hours. They wanted the second airport to be named Lanna International Airport and Chiang Mai International Airport to be open 24/7 to boost tourism. It shuts at midnight. Airports of Thailand Plc (AOT), which manages Chiang Mai International Airport, is building a new international passenger terminal and renovating the domestic passenger terminal in phase 1. The airport will handle 18 million passengers per year after this 10 million baht extension. Chiang Mai Airport averages 150 flights each day, 15 per hour. After Phase 1, the airport can handle 30 planes per hour. AOT is also studying the viability of building a second airport in Lamphun's Ban Thi area near Chiang Mai. It will cost 50–60 billion baht and encompass 2,767.6 acres. The feasibility study may not be considered until Chiang Mai International Airport's expansion is complete. Srettha listed the topics discussed with Chiang Mai entrepreneurs after the discussion. 1. Expanding Chiang Mai Airport hours to accommodate more international flights and tourists. 2. Second Chiang Mai airport construction. 3. Advocating for "12 months, 12 events" to boost tourism year-round. 4. Supporting international conferences and exhibitions and promoting Chiang Mai's culture to attract tourists. 5. Government policy based on soft power. 6. Helping talented northern chefs become world-class. 7. Addressing the Northern PM2.5 fine dust crisis immediately. 8. Give startups additional state support, finance, and worldwide market access. #propertyvaluation #feasibilitystudy #buildinginspection #smartcontract #propertyfinance #propertyinsurance

The new @World Economic Forum Travel and Tourism Development Index (TTDI) is live! The Bloom Consulting team is proud to be part of this report as an official data partner, alongside sister company D2 Analytics! The index provides a strategic benchmarking tool for business, governments, international organizations and others to develop the Travel & Tourism sector. Here are the main takeaways from the TTDI 2024: · The T&T sector’s post-pandemic growth persists, yet its recovery has been uneven, facing challenging operating conditions. · Overall, the European and Asia-Pacific regions, along with high-income economies, maintain the most favourable conditions for T&T development. · While T&T enabling conditions in developing economies are improving, far more is required to bridge the sector-enabling gap. Covering 119 economies, #TTDI24 measures the set of factors and policies that enable the sustainable and resilient development of the T&T sector, which in turn contributes to the development of a country. Read the full report here: http://wef.ch/ttdi24 #TTDI24 #CountryBranding #DestinationBranding #D2DigitalDemand #PlaceAnalytics

New article and special issue just published Ferreira, J.J., Teixeira, S.J., Shi, F., Wanke, P. and Buhalis, D. (2023), "Tourism and hospitality economics at times of crisis", Journal of Hospitality and Tourism Insights, Vol. 6 No. 4, pp. 1441-1446. https://lnkd.in/dsnCcnbc The special issue on tourism and hospitality economics at times of crisis aims to develop knowledge on how countries, governments and entrepreneurs navigate different scenarios, approaches, tools and practices within the tourism economy in times of crisis.

"The revenue inflows from tourism activities are a major driver of economic growth, especially for the developing countries. The tourist inflow to the host country mobilizes foreign wealth through several transmission channels such as attracting foreign investments, currency earnings, tax-related revenues and generation of employment opportunities (Alam & Paramati, 2016). Thus, it is imperative for the developing countries to promote and maintain conducive tourism environment to attract visitors from all around the world." Tiwari, A.K., Das, D. and Dutta, A. (2019) ‘Geopolitical risk, economic policy uncertainty and tourist arrivals: Evidence from a developing country’, Tourism Management, 75, pp. 323–327. doi:10.1016/j.tourman.2019.06.002. Follow us on: Website: https://lnkd.in/gEN3bDGt Facebook: https://lnkd.in/g5uaRd-G Instagram: https://lnkd.in/g8HbNz5Z LinkedIn: https://lnkd.in/gUuE3bs YouTube: https://lnkd.in/gHwf69b #SoutheastAsiaResearchAcademy #SEARA #SEARANetwork #EmeraldPublishing