Hotel investment is key for recovery: Julia Simpson

WTTC President & CEO, Julia Simpson emphasizes, “Hotel investment is absolutely key for the recovery and growth of the Travel & Tourism sector. Destinations must have a clear commitment and take a holistic approach to become resilient and competitive. As we recover from the pandemic and we build back better, investments not only need to benefit destinations economically, but more importantly, socially and environmentally.”

According to the ‘Critical Factors to Attract Hotel Investment’ report by WTTC, the key enabling factors for hotel investment include governance and rule of law, a key enabler for investors, as it determines how easily and successfully a business operates, physical infrastructure, air and ground connectivity, and workforce.