Richest Philippines’ Post

The North Coast Positions Egypt as a Major Economic and Tourism Power By Khaled Selim, Real Estate Expert The North Coast, stretching along Egypt’s Mediterranean shoreline, is witnessing an unprecedented boom in development and investment. With the launch of New Alamein City, the focus has shifted toward transforming the North Coast into a year-round destination, positioning it as one of Egypt’s most vital economic and tourism sectors. My personal vision for operating the North Coast for 12 months requires a comprehensive strategy that begins with New Alamein City, a bold project aimed at turning the area into a global city. New Alamein, with its strategic location and rapid development, represents the starting point for transforming the entire North Coast into a year-round tourist destination. The economic impact of developing the North Coast over the next decade is expected to make it one of the world’s top tourist destinations. This development is not just an improvement in infrastructure but a turning point for every investor and for the Egyptian state as a whole. Transforming the North Coast into a sustainable tourist destination will boost the Egyptian economy, positioning Egypt as a major global economic power by 2030. New Alamein City is the starting point for this ambitious journey. With the support of the Egyptian government and initiatives led by President Abdel Fattah El-Sisi, the city is moving towards achieving a comprehensive future vision. In his speech, President El-Sisi emphasized the importance of developing new cities like Alamein in strengthening the Egyptian economy and attracting foreign investment. The gradual development of the North Coast will extend progressively from New Alamein to Sidi Abdel Rahman, Sidi Heneish, Ras El Hekma, and all the way to Marsa Matrouh. This phased expansion will ensure a balanced distribution of investments and maximize the natural potential of the region. In conclusion, operating the North Coast for 12 months is not only a strategic move to turn the area into a global tourist destination but also a national project that contributes to achieving Egypt's Vision 2030.

“Ancient civilization ruins, tropical weather, stunning nature, and authentic food are just a few of the many attractions that lure travelers to Mexico. Mexico is the most competitive Latin American travel destination based on the last Travel & Tourism Development Index (TTDI), a method that evaluates infrastructure, policies, resources, and enabling conditions for tourism in countries around the world. In 2021, the natural, cultural, and non-leisure features were the best-performing TTCI sub-index for tourism development in the country. For this reason, tourism is a major economic activity in the North American country. Throughout the past decade, the tourism sector was responsible for more than eight percent of the Mexican gross domestic product (GDP), which is the second-largest GDP in Latin America and the Caribbean.”…,

At Rendez-Vous Canada in Edmonton last week, Destination Canada and the federal government unveiled a plan that aims to extend the travel season, increase the length of stays and attract more locals, foreigners and business people to a broader range of sites. This new tourism strategy is a roadmap to make Canada a top 7 global destination by 2030 The strategy also looks to promote a broader range of destinations, from Indigenous-owned projects to ecotourism spots off the beaten path. "Canada is a tourism superpower – because we have what the world wants," said the Honourable Soraya Martinez Ferrada, Minister of Tourism. "Destination Canada's 'A World of Opportunity' strategy will help our tourism sector reach its full potential, bringing more visitors to our country and creating jobs & opportunities in communities nationwide. It also aligns perfectly with our Federal Tourism Growth Strategy. In a world where nations are investing in tourism, we're ensuring that Canada can compete with the best." Read more👇🏼 --------------------- Destination Canada 🍁 #tourismgrowth #tourismdrivestheeconomy #tourismstrong

Cultural Commodification: The Dark Side of #Heritage Tourism Heritage tourism, often celebrated for its economic benefits and role in preserving cultural sites, has a darker, less discussed side: cultural commodification. This phenomenon occurs when cultural elements are marketed and sold for tourism, often leading to the erosion of their original meaning and significance. While heritage tourism can foster cross-cultural understanding and provide economic opportunities, the commodification of culture raises significant ethical and sustainability concerns. Heritage tourism, defined as traveling to experience the places, artifacts, and activities that authentically represent the stories and people of the past, has seen substantial growth. According to the United Nations World Tourism Organization (UNWTO), cultural and heritage tourism account for 40% of all international tourism, with over 1.4 billion international tourist arrivals recorded in 2018. This sector's growth is driven by a globalized world where people seek unique experiences that connect them to history and culture. Cultural commodification refers to the process of transforming cultural goods, traditions, and practices into commodities to be bought, sold, or traded. This often involves simplifying or altering cultural expressions to make them more palatable to tourists, which can strip them of their original context and significance. While commodification can bring economic benefits, it can also lead to cultural degradation and loss of authenticity. The economic impact of heritage tourism is undeniable. It creates jobs, supports local businesses, and generates revenue for communities. For instance, the UNESCO World Heritage Sites contribute significantly to local economies. A study by PricewaterhouseCoopers found that heritage tourism generated $171.4 billion in economic output and supported 1.2 million jobs in the United States alone. However, this economic boon often comes at the cost of cultural integrity. Traditional practices and artifacts may be altered to suit tourist expectations, leading to a superficial understanding of the culture. For example, the Maasai people of Kenya and Tanzania have seen their traditional dances and rituals turned into tourist spectacles, often performed out of context and without the same cultural significance. Indigenous cultures are particularly vulnerable to the negative effects of cultural commodification. These communities often rely on tourism for income but face significant challenges in maintaining control over how their culture is presented. The exploitation of indigenous cultures can lead to cultural erosion, where traditional knowledge and practices are lost or significantly altered.

Here’s my musings on Tourism City. With outbound Filipinos spending twice the amount earned from inbound tourists, it can represent an opportunity to develop a tourism city to capture Filipino (and also foreign) travelers in search of unique and high quality destinations.

The Rising Tide of Costa Rican Tourism Costa Rica's tourism sector is booming, offering promising opportunities for investors in real estate and vacation rentals. The increasing number of international tourists underscores the nation's appeal and the potential for high returns on investment. International tourist spending soared from $1,002.2 in 2014 to $1,746.7 in 2023, highlighting significant growth. This increase in tourism is creating vast opportunities for investment in Costa Rica's vibrant real estate market. The trend signals a ripe market for those looking to invest in vacation rentals or real estate. Have you considered investing in Costa Rica’s booming tourism sector? Share your thoughts or experiences in the comments!

ICYMI: The Meaning of High Yield Tourism According to Dr. Jens Thraenhart: Tourism Hero Dr. Jens Thraenhart is up to a new beginning, which is the continuation of what his passion is. A new angle put on sustainability tourism is High Yield Tourism, and  Jens explained this at the recently concluded Cebu Call to Action conference in the Philippines. SOURCE: The Meaning of High Yield Tourism According to Dr. Jens Thraenhart BY: eTurboNews | eTN #travelnews

Korea Tourism and Shinsegae Partner to Boost K-Content Experiences The Korea Tourism Organization (KTO) has teamed up with Shinsegae Co., Ltd. and Shinsegae Duty Free to enhance K-content tourist attractions and invigorate South Korea’s tourism industry. This collaboration was formalized through a business agreement signed on the 20th at Shinsegae Duty Free’s headquarters. Aimed at Elevating Korean Tourism The partnership focuses on creating innovative […] The post Korea Tourism and Shinsegae Partner to Boost K-Content Experiences appeared first on KoreaTravelPost - South Korea's Leading Travel Media Publication . https://lnkd.in/g96SehvB #KoreaTravel #travelKorea

Palawan is set for even more growth, having already exceeded the Department of Tourism's target of 4.8 million visitors. 🌴 What’s holding you back from building your luxury retreat in one of the Philippines' top travel destinations? #InvestInPhilippines #PalawanRealEstate #LuxuryRetreat #TourismGrowth #EmergingMarkets #PhilippinesTourism #RealEstateInvestment #HospitalityInvestments #HighGrowthMarkets #TravelAndInvestment