Abu Dhabi plays host to tourism summit


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ABU DHABI // The biggest event in the travel and tourism calendar kicks off in Abu Dhabi tomorrow, aiming to make the country a more attractive destination and to improve the sector worldwide.

Bill Clinton, the former US President, will give the keynote address at the World Travel and Tourism Council global summit, which will explore the impact of a growing population and changing world economy on the sector.

He will be speaking in his role as the founder of the William J Clinton Foundation, which aims to improve global health, strengthen economies, promote healthier childhoods and protect the environment.

The two-day event brings together leaders in the field and features a host of celebrity speakers, including the British broadcaster Sir David Frost and the American actress Daryl Hannah, who is an environmental campaigner.

It has been organised by the Abu Dhabi Tourism and Culture Authority (TCA), in collaboration with Etihad Airways.

Mubarak Al Muhairi, the director general of the authority, said he was delighted Abu Dhabi had been chosen to host this year's summit.

"This is the biggest annual gathering of international travel and tourism leaders, so it is a very significant forum," he said. "You will see from the calibre of speaker line-up - and the fact that the audience includes almost 1,000 attendees from 56 countries, including 235 chief executives and 10 tourism ministers - that this is a very weighty gathering indeed, and of a level where we can expect highly strategic input and debate."

The global travel industry is estimated to be worth more than US$6 trillion (Dh22tn) and employs more than 250 million people.

Abu Dhabi continues to build its own tourism sector, attracting 2.3 million hotel guests last year.

It is on schedule to meet its 2013 target of 2.5 million guests, with the city's occupancy rates in January and February up 5 per cent on last year.

Most visitors come to the capital on business but tourism chiefs are looking to increase the number of tourists and families who visit, and entice them to stay longer.

The summit will also tackle the issue of making tourism more eco-friendly and sustainable, as the environmental cost of international travel continues to mount.

"Sustainability in all its forms is most certainly a key issue on TCA Abu Dhabi's agenda and, indeed, is part of our vision and mission to deliver a world-class, sustainable destination of distinction," Mr Al Muhairi said.

The summit, at Etihad Towers on the Corniche, is open to invited industry guests only.

"We look forward to greatly impressing this influential audience with our distinctive Arabian hospitality, culture and heritage, and world-class infrastructure," Mr Al Muhairi said.

"We want them to be convinced of Abu Dhabi's tourism potential and to begin to promote the destination within their business circles - or, where links already exist, to spur the acceleration of our destination's promotion."

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Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

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“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”

“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”

“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”

“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”

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Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

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