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The Global Tourism Economy Forum (GTEF)
The Global Tourism Economy Forum (GTEF) is a significant international platform established in 2012 with the aim of promoting the sustainable development of the global tourism industry. It serves as a forum for policymakers, academics, corporate leaders, and entrepreneurs from China and around the world to discuss opportunities and challenges in the global travel economy. Here are key points about GTEF:
Objectives:
- GTEF is designed to foster sustainable development within the global tourism industry.
- It provides a platform for dialogue, collaboration, and knowledge-sharing among stakeholders in the tourism sector.
China's Role:
- China is a key player in both inbound and outbound tourism.
- Inbound tourism to China reached 141 million visitors in 2018, generating USD $127.1 billion in revenue.
- Chinese outbound tourists numbered nearly 150 million in 2018, with expenditures exceeding USD $277 billion globally.
- GTEF focuses on the emerging trends in China-led inbound and outbound tourism markets.
Why Macao:
- Macao is strategically positioned in the Greater Bay Area, an initiative encompassing 11 cities along China's Pearl River Delta.
- The Greater Bay Area is a significant socio-economic zone and a key node in the Belt & Road Initiative.
- Macao, located in the center of the Greater Bay Area, has transformed into a world-class tourism and leisure center.
- It serves as a commerce and trade cooperation service platform between China and Lusophone countries.
- Macao is a base for exchange and cooperation where Chinese culture is prominent, and diverse cultures coexist.
- The strategic positioning of Macao makes it an ideal location for the annual gathering of leaders to discuss the sustainable development of the tourism economy.
Please note that specific details about GTEF, including its recent activities or updates since my last knowledge update in January 2022, may require checking the latest sources or the official GTEF website for the most up-to-date information.
