Held on 20 and 21 September, the 2nd GTEF ∙ IFC convenes under the theme of “Innovation and High-Quality Development, Tourism Investment and Cooperation for the Next Decade”. Participants zero in on high-quality tourism development in China and examine key trends and emerging opportunities for tourism project development. By taking a close look at Macao, they also explore how the city can create a favorable environment for greater investment and expedite modern financial development.

The GTEF ∙ IFC opening ceremony was attended by Secretary-General of the World Tourism Organization (UNWTO), Zurab Pololikashvili, and Vice Chairman and Secretary-General of GTEF, Pansy Ho, together with other guests.

Four panel sessions zero in on tourism investment
The program of GTEF ∙ IFC today (20 September) consists of four panel sessions on various topics and strategies about tourism investment.

In the “Panel Session 1: Redefining Tourism Investments: From Private Equity to Venture Capital Acceleration”, held in collaboration with UNWTO, the guests discussed innovations, changes and trends of tourism investment in the new market, as well as new opportunities for private equity and venture capital.

Moderated by President & CEO of Ivy Alliance Tourism Consulting Co., Ltd., Wang Xinjun, the “Panel Session 2: China’s Tourism Investment and Cooperation in the New Era” delved into the investment directions and opportunities for potential returns in the national tourism industry in the next few years, a market analysis of current trends and key regions, as well as local governments’ measures to attract investments in cultural tourism.

The “Panel Session 3: Discover Investment Opportunities – Investment Opportunities in Macao’s Cultural & Tourism, Cooperation Potential between Guangdong and Macao” was moderated by Professor of Integrated Resort and Tourism Management at the Faculty of Business Administration of the University of Macau, Davis Fong. In line with the Macao SAR Government’s “1+4” development strategy for adequate diversification, the panel session led a discussion on the immense potential brought by concerted development between Guangdong and Macao, as both join hands to build a new world-class economic region, foster regional economic integration and become a world-famous travel attraction, along with their collaboration in cultural tourism investment.

The last panel session, “Panel Session 4: Financing, M&A for Tourism Companies, Identifying Promising Tourism Projects in Different Fields – Finding Value and Managing Uncertainty”, was moderated by Senior Partner at T-identifier Think Tank, Ding Chongyang. Senior executives from tourism investment institutions, investment funds, tourism project operators and financial institutions were invited to share their analysis and insights into the investment potential of tourism projects across various types of businesses, as well as professional views and practical suggestions on tourism enterprises in terms of mergers and acquisitions, value discovery and evaluation, risk prevention and control, etc.

Business meetings for tourism financing and investment opportunities
On the second day (21 September), GTEF ∙ IFC will feature presentations by investment institutions and chambers of commerce in Macao, followed by business meetings on tourism financing and investment in the afternoon to widen resources, facilitate industry exchange and create business opportunities.

March towards high-quality development in celebration of GTEF’s 10th anniversary

The 10th Global Tourism Economy Forum ∙ Macao 2023, themed around “Destination 2030: Unlocking the Power of Tourism for Business and Development”, will be inaugurated tomorrow (21 September). In parallel with the United Nations’ 2030

Agenda for Sustainable Development, the event will gather high officials, ministers of culture and tourism, industry leaders, decision-makers and scholars from around the world to navigate opportunities for global tourism and economic recovery by “thinking beyond tourism”. The Forum will explore new ways of constructing a resilient, high- quality and people-oriented environment for the tourism industry in the new normal through innovative and sustainable international cooperation.

For more information about the GTEF, please visit www.gte-forum.com

About the Global Tourism Economy Forum
The “Global Tourism Economy Forum” (GTEF) is hosted by the Secretariat for Economy and Finance of the Macao SAR Government, in collaboration with the World Tourism Organization (UNWTO), co-organized by the China Chamber of Tourism and Macao Government Tourism Office, and coordinated by the Global Tourism Economy Research Centre (GTERC). The GTEF’s supporting units include the Ministry of Culture and Tourism of the People’s Republic of China, the All-China Federation of Industry and Commerce (ACFIC), the Liaison Office of the Central People’s Government in the Macao SAR, the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR, World Travel and Tourism Council (WTTC), Pacific Asia Travel Association (PATA), World Tourism Cities Federation (WTCF), European Travel Commission (ETC), The Association of Chinese Enterprises in Macao (MCEA), World Tourism Alliance (WTA) and International Mountain Tourism Alliance (IMTA).

Since its inception in 2012, the GTEF has successfully established itself as an influential high-level cooperation platform to promote sustainable development in the global tourism industry with a focus on China. To date, the GTEF has received more than 12,700 participants from 90 countries and regions, including delegations from 152 provinces and cities of mainland China, and has invited 600 internationally renowned speakers who are national ministerial officials, business leaders, and experts and scholars to share their insights during the event.