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    Saturday, August 21, 2021

    UNWTO Partners with Destination Capital to Promote Investments in Sustainable Hotels

    UNWTO promotes investment in sustainable hotels and stimulates reemployment in the hospitality industry through its partnership with Destination Capital (DC), a Bangkok-based real estate investment firm.

    The World Tourism Organization (UNWTO) has signed an agreement with Bangkok-based real estate investment firm Destination Capital (DC) to promote investment in sustainable hotels and to stimulate re-employment in the hospitality industry to help rejuvenate the sector post-Covid.

    The collaboration, which supports the relationship DC has with the International Finance Corporation (IFC), is based on DC’s adoption of best practices aimed at reducing carbon emissions and operating hotels in a manner consistent with IFC’s environmental and social criteria.

    DC acquires and repositions 150-200 room hotels in Thailand and Southeast Asia to implement sustainable energy and water systems. At the same time, DC will also promote gender equality at all levels in the hospitality industry.

    DC recognizes the hospitality industry has not only a responsibility to recruit and re-train staff in the industry, but also a responsibility to reduce carbon emissions and mitigate the impact of water and energy consumption as well as food waste and environmental degradation.

    The company committed to retrofitting its hotels to become green as per IFC's Excellence in Design for Greater Efficiencies (EDGE) standards.

    As for UNWTO, the organization is working with the private sector to encourage employers to Contribute to the recovery of local communities through job creation and training programmes.

    UNWTO data shows that international tourism arrivals fell by one billion in 2020, with the crisis carrying over into 2021. Worldwide, this has placed as many as 120 million tourism jobs directly at risk.

    Moreover, Asia and the Pacific has been the worst-affected of all global regions, and young workers and women are among the hardest hit by the downturn in tourism employment.

    In line with the 2030 Agenda for Sustainable Development, DC recognises the hotel industry not only has a responsibility to re-hire and re-train hotel staff, but also to reduce its carbon footprint and mitigate the impact of energy and water consumption as well as food waste and environmental degradation.

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