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Vynn Capital Partners with the UNWTO to Boost Asia’s Tourism Sector

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Vynn Capital, a South-East Asia-based early-stage venture capital firm, and the World Tourism Organization (UNWTO) today jointly announced a strategic partnership to promote South-East Asia’s tourism sector by facilitating entrepreneurship and innovation.

Through this strategic partnership, Vynn Capital and UNWTO will collaborate to create a framework and policies to support technology startups that are addressing opportunities and challenges in the region’s tourism sector. Both parties will work together to encourage traditional industry players such as hotel groups, property groups and food companies to adopt digital strategies, as well as to encourage more investment by the private sector into technology companies. Vynn Capital will act as UNWTO’s partner on initiatives to achieve these goals, by supporting tourism entrepreneurs and traditional industry players as the tourism market embraces technology and innovation.

“The tourism sector represents a huge opportunity for South-East Asia, where we see the emergence of a strong middle class. Vynn Capital has identified tourism as a key investment space and we will continue to work with entrepreneurs and industry players to promote the region’s tourism sector. We believe technology companies that focus on the mobility of consumers, such as Indonesia’s Travelio and Carsome, who already has operations in four key countries in South-East Asia, will continue to champion the economic impact of tourism growth. We join hands with UNWTO to foster a new generation of innovative tourism companies in South-East Asia,” said Victor Chua, Founding and Managing Partner of Vynn Capital and Chairman of the Malaysia Venture Capital & Private Equity Association (MVCA).

“UNWTO is proud to partner with Vynn Capital, who will help us to create real solutions for the much-needed digital transformation of tourism. Such partnerships are key to continue generating opportunities all through tourism, and prove that venture capital has a role to play when we want to advance sustainable development,” said UNWTO Secretary-General Zurab Pololikashvili.

According to UNWTO, international arrivals have increased in all regions since the start of 2018, continuing the strong trend of previous years. The strong growth is led by Asia and the Pacific (+8%), especially South-East Asia (+10%) and South Asia (+9%) where growth has already surpassed that of 2017 when Asia saw a 6% increase in international arrivals. This is significant, considering that Asia and the Pacific represents around 29% of international tourism receipts.

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UNWTO Places Tourism in the European Parliament

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To mark the start of the new mandate of the European Commission, Secretary-General Zurab Pololikashvili was in Brussels for a series of high-level meetings. In a notable first, the head of the United Nations specialized agency for tourism met with Elisa Ferreira, the new European Commissioner responsible for Cohesion and Reforms.

Jobs, climate and rural development on the agenda

The talks focused on making tourism a more central part of the European Union agenda, with a particular focus on the sector’s potential to contribute to the creation of more and better jobs and to achieving the ambitious climate goals set out in the new European Green Deal. At the same time, as UNWTO celebrates its Year of Tourism and Rural Development, the role the sector can play in regenerating and driving sustainable growth in rural communities across Europe was also highlighted.

Addressing the Committee’s members, Mr. Pololikashvili said: “The new European Commission has rightly put sustainability and the implementation of the United Nations’ 2030 Agenda and Sustainable Development Goals at the heart of its strategy for the future. We now have an opportunity to place tourism front and centre in the debate over what kind of Europe we want to build now and for future generations. Above all, as we face up to the biggest challenge of our lifetimes in the climate emergency, we must make sure tourism’s potential to contribute to the European Green Deal is fully realized.”

UNWTO offers strong support to China and tourism

Secretary-General Pololikashvili also used the opportunity of addressing the Committee and Transport and Tourism to reaffirm UNWTO’s support for the people of China and the global tourism sector as it deals with the effects of the current outbreak of Coronavirus (COVID-19). He stressed tourism’s proven ability to help drive recovery from setbacks including health emergencies, and reaffirming UNWTO’s close collaboration with the World Health Organization (WHO) and Chinese authorities.

In Brussels, Mr. Pololikashvili was accompanied by three Secretary of States for Tourism, representing Spain, Portugal and, coinciding with their current Presidency of the European Union, from Croatia. Additionally, the UNWTO delegation also met with Minister of Tourism and Environment of Albania.

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Greece Welcomes UNWTO Support for Sustainable Tourism Growth

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Secretary-General Zurab Pololikashvili was in Athens for high-level talks with political leaders, as well as high-level representatives from across the private sector. The discussions focused on the key issues of harnessing tourism as a driver of education and opportunities for all, encouraging entrepreneurship and promoting tourism investment.

Mr Pololiksahvili said: “Greece is one of the world’s true tourism leaders. They also chair the UNWTO Regional Commission for Europe, highlighting the country’s commitment to international cooperation and to sustainable and responsible tourism.” Looking forward to returning to Greece in the very near future, he added: “I am delighted to be further strengthening our partnership and look forward to working more closely with Greece to make sure as many people as possible, including rural and coastal communities, are able to enjoy the many benefits tourism can bring.”

Greece Committed to Working with UNWTO

Prime Minister Kyriakos Mitsotakis welcomed UNWTO’s visit and support of the national tourism sector and showed a sincere interest for prospects of the cooperation with the Greek tourism sector. At the same time, Minister of Tourism for Greece Harry Theocharis expressed his thanks to the UNWTO for the official visit and welcomed its readiness to work alongside Greece in promoting year-round tourism and digital transformation.

He added: “Working with UNWTO gives Greece the chance to learn from the lessons of other countries, share positive experiences and build useful partnerships in the areas of education, innovation and sustainable development.”

European context

UNWTO welcomed Greece’s commitment to sustainable tourism development, making the case for tourism as pillar of stability in uncertain times.

The visit of UNWTO to Greece comes as UNWTO assumes leadership of the global tourism sector’s response to the climate challenge. Later this week, Secretary-General Pololikashvili will address the European Parliament’s Committee on Transport and Tourism (TRAN). The intervention in Brussels will be made against the backdrop of the first meeting of the Tourism Task Force, with its Members to discuss the place of tourism in the European Green Deal, including both the opportunities and challenges.

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Snow and Mountain Tourism: The Links between Tourism, Sustainability and Innovation

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The 11th edition of the World Congress on Snow and Mountain Tourism will take place on 11-13 March 2020 in Andorra, under the theme “Tourism, Innovation and Sustainability”. The Congress is organized by the World Tourism Organization (UNWTO), the Government of Andorra and the Parish of Canillo.

Within the framework of the Year of Tourism and Rural Development that the UNWTO is celebrating in 2020, the Congress will focus on the role of mountain tourism in rural development, mainly addressing the issues of innovation, sustainability and digital transformation.

UNWTO Executive Director Manuel Butler highlighted the timeliness of the theme of the 11th Congress: “Sustainability is essential for tourism to be compatible with the fragile environment of mountain areas, while providing benefits and opportunities to communities, which gives a key role to innovation to harmonize these objectives.”

For her part, Andorra’s Minister of Tourism, Verònica Canals, underlined: “The integration of new technologies and the contribution to sustainable development are two key aspects for the tourism sector. Therefore, this year, the Congress will try to share the perspectives of professionals regarding these challenges and will allow us to know the different models that companies and entities from around the world are creating.”

Development and sustainability

Through its high-level panels, keynote speeches and thematic sessions, the Congress will explore innovative solutions for sustainable tourism, sustainable consumption, local resources and products, inclusive tourism, and the development of responsible destinations.

The event will bring together a wide range of tourism professionals and experts from more than 10 countries (Andorra, Austria, Belgium, Chile, France, Germany, Italy, Netherlands, Spain, United Kingdom, United States).

Presiding over the inauguration of the 11th World Congress on Snow and Mountain Tourism will be Xavier Espot Zamora, Head of Government of Andorra, Zurab Pololikashvili, Secretary-General of the UNWTO, and Francesc Camp Torres, Mayor of Canillo.

The Congress was born as an initiative of the World Tourism Organization, the Government of Andorra and the seven parishes that make up Andorra. Held every two years and organized by the parishes on a rotating basis, the Congress has established itself as an enduring forum for discussion of the development and sustainability of tourism in mountain areas.

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