As the echoes of the pandemic’s financial ripples start to wane, a sensational resurgence in the global tourism domain is evident. According to an exhaustive study co-conducted by UNWTO and fDi Intelligence, the international tourist arena is steadily regaining momentum, beckoning a golden era of prosperity and development.
The comprehensive report paints an optimistic picture, drawing insights from the elite fDi Markets database and international metrics from UNWTO. It deciphers the intricate dynamics of the investment rhythm pulsating within the tourism domain. A closer look reveals intriguing growth trajectories, discerning investment patterns, and a glimpse into the strategies of the vanguard companies steering this revolution.
A stellar growth of 23% was observed, marking the rise in FDI projects from 286 in 2021 to an impressive 352 in 2022. This upswing wasn’t restricted to numbers alone. Jobs, the lifeblood of the tourism sector, followed suit. An estimated 36,400 job positions were carved out in 2022, marking another 23% ascent.
Western Europe emerges as the linchpin of this investment saga. It firmly establishes its dominance with a whopping 143 announced projects and a cumulative value crossing the $2.2 billion threshold. However, the Asia-Pacific zone is not far behind. A subtle yet promising 2.4% growth witnessed 42 novel projects sprouting in 2022.
Further analysis unfurls another revelation: the hotel and tourism sectors are the beating heart of this rejuvenation. Accounting for almost two-thirds of all ventures between 2018 and 2022, FDI initiatives skyrocketed by 25% in 2021-22.
However, this isn’t just a story of numbers. It’s about preparing for the future. As Jacopo Dettoni, the seasoned editor of fDi Intelligence, rightly points out, it’s a resurgence from the shadows of the pandemic. The newfound vitality must now address the looming spectre of climate change and the imperative of sustainability.
UNWTO Secretary-General Zurab Pololikashvili stresses the indispensability of hefty investments in education and talent. The goal? Equipping 50% of the youth who haven’t yet completed secondary education with the acumen to flourish in this booming sector. By harnessing digital marvels, the aspiration is to bolster both the resilience and competitiveness of global tourism.
Natalia Bayona, UNWTO’s executive director, elucidates that as the rudder of this ship directs towards uncharted growth territories, innovation, strategic funding, and education will serve as the pillars ensuring stability amidst the dynamic market waves.
Lastly, a nod to the corporate titans facilitating this revival. North America and Asia-Pacific’s prowess is evident as they contribute three entities each to the elite list of top 10 tourism FDI investors from 2018-2022. Not to be outdone, Europe showcases its stalwarts with Melia from Spain, UK’s Intercontinental Hotels Group, Accor from France, and UK’s Selina, further fortifying its position in the global arena.
In conclusion, as we stand on the cusp of what promises to be a renaissance in global tourism, it’s evident that the sector is not just reviving – it’s poised to redefine its future, promising unparalleled growth and innovation.
Written by: Anne Keam


















