The global tourism industry has, in recent years, been witnessing the emergence of sovereign wealth funds (SWFs) as relevant sources of financing. They have taken on growing exposure to tourism projects or enablers needed for the development of the sector. Their involvement in the tourism sector is also expected to swift towards green projects. AdvertisementThis is why the increasing participation of SWFs in the tourism sector is good news. As they seek long-term returns, their DNA is focused on promoting and encouraging more sustainable projects and practices, a perspective that is surely transforming the global tourism landscape.

Source: The North Africa Journal November 06, 2024 12:51 UTC