Skift Travel News Blog

Short stories and posts about the daily news happenings around the travel industry.


The Disconnect Between the Top Global Risks and the Travel Industry

1 year ago

The annual Global Risks Report, from the World Economic Forum, is here as Davos starts, and this summary chart below of top 10 short-term and long-term risks is fascinating, almost all of them have direct implications in travel, for many of these the travel industry is, in some part, one of the underlying causes of these risks. Read or download the full report here.

Looks like the experts surveyed here are not too hopeful about the fate of the world

Most of the times if you ask the top folks running this giant global industry, 1) they don’t care about these risks 2) will deny or deflect having any hand in contributing to these 3) have no idea how to deal with these risks. 

In my mind, there is still too much disconnect between the fate of the world and future of travel industry, and that *has* too close. My hope is the next generation of younger leaders in travel — and better tourism governmental leaders — will lead this change, and close this gap. (As an aside, I have been saying for a while: the world deserves better tourism ministers, 95% of them are there for the grift…I will write something more on this separately, soon).

For us at Skift, this delta between these is where a lot of our coverage will continue to be focused on.

P.S.: “Global risk” in the report is defined as the possibility of the occurrence of an event or condition which, if it occurs, would negatively impact a significant proportion of global GDP, population or natural resources.

Tags: wef


Japan & U.S. Top Resilient Tourism Economies Even Through Pandemic Challenges: New Data From WEF

2 years ago

The World Economic Forum is back with its travel competitiveness research, rebranded now as Travel & Tourism Development Index 2021, with a new focus on resiliency and sustainable future, as is to be expected in this post-pandemic ever-present climate emergency world. As to be expected,  high-income economies and countries in the Europe and Eurasia (Europe) and Asia-Pacific regions tend to lead the overall index in results.

Among the largest differentiators between index leaders and laggards are: the distribution and promotion of natural, cultural and non-leisure assets and activities; the availability of quality transport and tourist service infrastructure; the degree of international openness; and favorable factors such as (increasingly important) tech readiness and health and hygiene, the report lays out in detail.

Some more interesting charts of findings from the report: