BUSINESS TRAVEL
prnewswire | March 24, 2023
The World Travel & Tourism Council (WTTC) and the Saudi-based Sustainable Tourism Global Center have unveiled groundbreaking new data detailing the total water usage of the global Travel & Tourism sector.
In one of the largest research projects of its kind, WTTC can for the first time ever, accurately report and track the impact the sector has on the environment.
The findings were launched today at the United Nations in New York at the UN 2023 Water Conference.
Direct Water Use
Speaking at the UN Headquarters, Chris Imbsen, Director of Sustainability at WTTC, revealed that Travel & Tourism's entire water footprint is just 0.6% of the global water use according to the latest figures (2021).
In 2019, when the sector was at its peak, the sector's total water footprint was only 50% higher, but still less than 1% of the global total at 0.9%.
Travel & Tourism's direct water use is significantly lower – in 2019 it was 0.2% of the global total and has fallen by half to just 0.1% of the global total.
Much of the sector's water use is indirect, through its supply chain, with agriculture and food production accounting for two-thirds of Travel & Tourism's entire water footprint.
Between 2010 and 2019, the Travel & Tourism sector in Europe and Africa reduced direct water use. In Europe, direct water use fell by 8% and in Africa, direct water use by the sector fell by 6%.
Julia Simpson, WTTC President & CEO, said: "This ground-breaking new data reveals our sector's water consumption for the first time ever, revealing that Travel & Tourism uses less than 1% of the water used around the world, with the overwhelming majority of that usage coming from the sector's supply chain.
"The data also shows that whilst the sector has grown economically around the world, its direct-use water intensity has decreased.
"The data is the most in depth study of the sector's water use, and like the world-first climate footprint data we released at our Global Summit in Riyadh last year, we can also reveal individual countries' Travel & Tourism sector's water footprints. This will enable governments to work with the sector to further reduce water usage."
Water Intensity
The water intensity of Travel & Tourism per unit of GDP has also fallen since 2010, across both direct and indirect use.
In 2010, the sector used 0.57m³ of water for every $1 contributed to the global economy. In 2019 this fell by 19% to reach 0.46m³ of water for every $1 contributed to the global economy.
In a world-first, this comprehensive research covers 185 countries across all regions and will be updated each year with revised figures.
This research was made possible thanks to the partnership between WTTC and the Saudi-based Sustainable Tourism Global Center. Under the Saudi green Initiative, more than 60 initiatives have been launched in the past year, representing more than $186 billion of investment in the green economy.
About the World Travel & Tourism Council
The World Travel & Tourism Council (WTTC) represents the global travel & tourism private sector. Members include 200 CEOs, Chairs and Presidents of the world's leading travel & tourism companies from all geographies covering all industries. For more than 30 years, WTTC has been committed to raising the awareness of governments and the public of the economic and social significance of the travel & tourism sector.
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INDUSTRY OUTLOOK
Internova Travel Group | February 06, 2023
One of the world's largest travel service providers, Internova Travel Group, recently announced plans to launch a new magazine OLTRE. The magazine is produced for 100,000 affluent customers of Global Travel Collection's luxury travel advisors. Global Travel Collectionpremium and luxury travel division, Global Travel Collection, is the world's most sophisticated group of travel agents and agencies.
Elaine Srnka, who used to work for Virtuoso and is now the Senior Vice President of Editorial at Internova, will oversee OLTRE. She is in charge of all Internova's business units and their brands' editorial strategies and content. Laura Sport, another Virtuoso employee, has been appointed Vice President of Publishing. Brad A. Johnson, Editorial Director, worked for Modern Luxury Media for ten years as the national travel editor, and Devin Duckworth, Design Director, came from Fodor's Travel.
Four issues of OLTRE will be published each year, each with a print run of 100,000 copies and an even larger digital audience. Each collectible volume will be printed on eco-certified, archival-quality paper that appears like a keepsake.
The first volume of OLTRE will be debuting this year's spring. Volume 1 will cover the globe from the North to the South poles, adding stops at Bangkok, Mykonos, California, and all points in between. Photo shoots in Italy, London, and other places add to the visual sophistication, and the editors' Look Book guides the most anticipated events in the fashion industry. In addition, every issue will have interviews with exciting travelers in the style of Marcel Proust, tips and insights from travel advisors, and articles about culture, style, and other luxury travel topics.
About Internova Travel Group
One of the largest travel services providers in the world, Internova Travel Group, is a collection of top brands that offer high-touch, personal travel expertise to both leisure and business clients. The company manages leisure, business, and franchise enterprises through the portfolio of different divisions. The travel group represents 100,000+ travel advisors in more than 6,000 company-owned and linked with 80+ countries located primarily in the US, Canada, and the UK.
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TRAVEL TECHNOLOGY
SUNRATE | January 10, 2023
SUNRATE, recognized as a leading financial solutions provider, collaborated with Visa, a world leader in digital payments. The partnership is to enhance the travel solutions offered by SUNRATE.
In the past, SUNRATE's stakeholders had only one way to pay for travel-related expenses with their travel partners. Now with the partnership, they will have a virtual corporate card that makes this process much easier and more streamlined.
SUNRATE, at the end of last year, shared news of a strategic alliance with Agoda, the world's largest online travel agency. In 2021, the company was accepted into the Visa network as a primary participant.
SUNRATE’S corporate cards will help its travel partners to have control over spending track and allocations. In addition, a corporate card will ensure the security of the transactions and the data for the users. Technologies like Application Programming Interfaces (APIs) have made it difficult for shared card information to be misused by imposing a time limit on each transaction.
The Payment Card Industry Data Security Standard (PCI DSS) Level 1 is an international standard for financial data security. SUNRATE has been certified to meet this standard.
"The launch of Visa virtual corporate cards is a monumental step for SUNRATE as we cement our leadership as a one-stop B2B payment partner, especially for the travel industry. Since our partnership announcement with Agoda, we have worked with many other travel stakeholders, including other OTAs and we take pride in being able to solve their overall business needs. The Visa virtual corporate card will be a key solution for our customers and beyond,"
-Shawn Qin, Head of Card Business, SUNRATE.
(Source: Cision)
About SUNRATE
SUNRATE is an advanced global payment and treasury management platform for international businesses. Having global headquarters in Singapore and offices in China, Indonesia, Japan, and the United Kingdom, SUNRATE collaborates with Citibank, Standard Chartered, and Barclays and is the leading member of MasterCard and Visa. The company has facilitated local and global growth for over 130 firms since its establishment in 2016.
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