Financial Strategies for Recovery for the Future of Travel and Tourism – 10 June 2020 09.15 BST

The ITIC virtual Summit on June 10 considerded how this vital economic sector will emerge from Covid-19 and what is needed to ensure growth

Travel, tourism, and hospitality are at the center of a business collapse without precedent because of COVID-19, which changed the world forever in the first few months of 2020.

The vast majority of businesses globally that depend on tourism and travel are desperate to reopen and beginning to operate under the “new normal”.

This  International Tourism and Investment Conference  (ITIC) Virtual Summit on the 10th of June 2020 was organized by the International Tourism and Investment Conference (ITIC) in partnership with WTM London from 09:15 to 14:15 British Summer Time (BST)

 Under the chairmanship of Dr. Taleb Rifai, former Secretary-General of UNWTO, the ITIC-WTM Investment Summit will be graced by prominent and inspirational speakers. It brings together experts from the health sector, tourism ministers, policymakers and tourism leaders from the travel and tourism sector connecting them with investors, investment bankers, and private equity firms to discuss and consider financial solutions and preparedness to reopen the tourism industry for a better future.

 This summit focused on three themes:

  1. Health: dealing withCovid-19, and how we restore travelers’ confidence and rebuild the business.
  2. Investment: understanding the financial mechanisms that allow you to survive and rebuild.
  3. Future: This may not be the last crisis, how can you prepare for any future global catastrophe

The current status of tourism will be discussed, unraveling to what extent the responses of governments and of the tourism industry of the different countries, have been effective and analyzing the intricacies of the financial support plans already rolled out.

Health is vital, leading health experts have also been invited to participate in the panel discussions to shed new light about the latest advancements research works on a vaccine that would accelerate the recovery of the travel and tourism industry by restoring business confidence.

The thought-provoking themes on the agenda are geared towards the future paradigm shift. Enriching panel discussions are planned on the initiatives destinations must take to impart new momentum to the travel & tourism industry for securing sustainable investment but also, on how businesses should reposition themselves to reboot when the pandemic comes under control.

Read a summary of the summit click here 

Watch summit online

Key Session

Hear from Alain St Ange, president African Tourism Board and presidential candidate for Seychelles.

Hear from Ed Bartlett, Minster of Tourism Jamaica, our own Dr. Peter Tarlow, head of on issues how to open, cruise industry, airports, health procedures and security.

Meet Nicolas Mayer, a leader in the hospitality industry and Hon Elena Kountoura, member of parliament Europe and former Greek tourism minister.

Moderated by Peter Greenberg