TTG Asia
Asia/Singapore Monday, 29th December 2025
Page 905

A recovery dream yet fulfilled

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Early predictions by industry observers that meaningful travel would come into favour as tourism recovers, inspired by reflections on life and responsibility to Mother Nature during the lockdown, are turning out to be a dream that is yet to be entirely fulfilled.

Desire for meaningful travel to support responsible tourism development has been weaker than predicted

In the third article by TTG Asia Media for the PATA Crisis Resource Center, TTG Asia reporters hear from Asian travel and tourism professionals that domestic travel appetite today is being whetted by self-drive opportunities, accessible destinations, island resorts in particular, and attractive promotions. Desire for meaningful travel to support responsible tourism development has been weaker than predicted.

While sustainable tourism development may take a backseat to economic recovery for some industry stakeholders struggling with the current business fallout, leading travel and tourism organisations urge destinations and suppliers to look ahead and make the effort for a sustainable tourism reset.

Will sustainability really be the new tourism? is now available at the PATA Crisis Resource Center.

Singapore, Hong Kong top APAC countries in desire to travel more

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Spain Tourism Board names new head of SE Asia, Australia and New Zealand

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Spain Tourism Board has appointed Monica Sanchez to head its office in Singapore as the new director in charge of South-east Asia, Australia, and New Zealand.

Taking the reins in this time of pandemic, Sanchez shares that her focus at the moment is to maintain Spain’s positioning as one of the most popular tourist destinations worldwide, in addition to highlighting the measures taken by the Spanish tourism sector to adapt to the new normal.

She also aims to support and work closely with operators, agents and airlines within the market – all of whom play a key role in the gradual recovery of the tourism industry from the Covid-19 crisis.

With more than 25 years of experience in tourism, branding, market research and public management, Sanchez has held various leadership and cabinet level positions within the tourism board of Spain – both in America as well as in the Ministry of Industry, Trade and Tourism’s headquarters in Madrid.

She has also served as chief of staff for successive directors general of the Spanish government’s official tourism organisation, Turespaña, as well as for the secretary general for tourism.

Singapore Airlines resumes New York service

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Singapore Airlines will return to New York, the US, on November 9 with thrice-weekly non-stop flights between Singapore Changi Airport and John F. Kennedy International Airport.

The service will be supported by the growing number of transfer passengers who can now transit via Singapore Changi Airport.

The non-stop flights between Singapore and New York will support passengers transiting at Singapore Changi Airport

An Airbus A350-900 long-range aircraft will be utilised, configured with 42 Business Class, 24 Premium Economy Class and 187 Economy Class seats.

Singapore Airlines said it would continue to review its operations to the US, and assess demand for air travel amid the ongoing pandemic, before deciding whether to reinstate services to other points in the country.

Destination Capital, KTB Securities launch equity trust for hotel investment

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Destination Capital and Thailand’s KTB Securities (KTBST SEC) have launched DESCAP 1 Private Equity Trust, which will aim to raise 2.5 billion baht (US$79.9 million) and offer an alternative asset class for investor portfolios.

The trust will acquire freehold four-star hotels of 150 to 250 rooms in prime destinations of Bangkok, Pattaya, Hua Hin and Phuket, which are viewed as destinations expected to rebound the quickest after Covid-19.

DESCAP 1 Private Equity Trust aims to acquire freehold four-star hotels of 150 to 250 rooms across Thailand

The investment strategy is to acquire urban and resort hotels, and then renovate, reposition, and rebrand them to increase their value in order to generate meaningful returns to investors.

Utilising the experience of Destination Group with its 24-year track record in Thailand of buying, managing, and selling hotels, particularly during times of distress, DESCAP1 targets a 15 per cent per annum returns with a five- to seven-year holding period.

James A Kaplan, CEO of Destination Capital, said in a statement: “We are pleased to play such an important role to support the rejuvenation of the Thai travel and tourism industry with the announcement of DESCAP 1 Private Equity Trust. This trust will invest in strategic hospitality assets to facilitate re-employment and hotel re-openings to re-launch Thailand as a preferred global travel destination. This could not have been done without the support of our Trustee (MFC Asset Management) and Trust Manager (KTBST SEC).”

RIU steps up CSR investments

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RIU Hotels’ Sustainability Report has identified 1.2 million euros (US$1.4 million) in social and environmental investments in 2019, up 41.2 per cent on 2018.

The projects abided by a social innovation model, focusing on child protection, and the well-being of the local community. The hotel group has also taken a pathway towards a more environmentally responsible hospitality model.

RIU Hotels’ social and environmental investments include supporting children’s education and well-being

Some of the outcomes of RIU’s work include the establishment of two playrooms in Quintana Roos, Mexico where children can acquire cognitive skills; reforestation of 450 trees and plants with Plant-for-the-Planet on the Canary Islands; and significant reduction in single-use plastics, consumption per guest per night and CO2 emissions across its properties.

CEO Carmen Riu noted that the company “has left behind charity to achieve a mature identity that is bound up with corporate social responsibility”.

The company expressed that “this experience has been vital in tackling the new social situation caused by Covid-19 in relation to CSR, because many projects running this year have been affected by the crisis, and the actions they involve have had to adapt to a new social reality”.

Some of the changes that had to be made this year included conversion of RIU’s face-to-face therapy for minors at risk of social exclusion and their families in Madrid to virtual retreats.

As a result of pandemic disruptions, RIU Hotels expects social and environmental investments to be lower this year compared with previous years. For 2020, it intends to focus on actions aimed at relieving the impact of Covid-19 on the destinations where its hotels are located.

Thailand welcomes first batch of foreign tourists

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Rally Investco to manage Bedsonline in Indonesia

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Phuket establishes Green Day to inspire island clean-up

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TTG Conversation: Five questions with Eric Ricaurte, Greenview

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As businesses restart their planning for tourism in the new normal, the recovery process presents a prime opportunity to embed sustainability and responsible practices into the supply chain for good. It is also a crucial moment as consumers will have an increasingly heightened awareness of socio-environmental issues and solutions in the year to come.

In this new episode of TTG Conversations: Five Questions, we speak to Eric Ricaurte, founder & CEO of Greenview, a boutique consulting firm that advises organisations and companies in the tourism and hospitality sector. Here, Ricaurte shares his thoughts on how businesses can truly integrate sustainability standards in the new normal.