The UN General Assembly invites everyone to observe February 17 as a day to raise awareness of sustainable tourism. Photo: Unsplash / Elizeu Dias
The UN General Assembly invites everyone to observe February 17 as a day to raise awareness of sustainable tourism. Photo: Unsplash / Elizeu Dias
The UN General Assembly invites everyone to observe February 17 as a day to raise awareness of sustainable tourism. Photo: Unsplash / Elizeu Dias
The UN General Assembly invites everyone to observe February 17 as a day to raise awareness of sustainable tourism. Photo: Unsplash / Elizeu Dias

Travel

UN declares February 17 as annual Global Tourism Resilience Day

The celebration aims to future-proof the sustainability of tourism

Hayley Skirka
Hayley Skirka

February 09, 2023

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February 17 will be celebrated as Global Tourism Resilience Day every year, starting this month.

The United Nations General Assembly has adopted a resolution from Jamaica to declare the first-ever Global Tourism Resilience Day in an effort to future-proof the sustainability of tourism.

The move to mark the day annually was supported by more than 90 countries.

“The pandemic has shown us that global disruptions will continue, so there will be more epidemics, pandemics and earthquakes like the one in Turkey. The importance of this day is therefore to encourage capacity-building for the world to be better able to respond to these global disruptions and recover quickly,” said Edmund Bartlett, Jamaica's Minister of Tourism, at the UNGA's 58th plenary meeting in New York on Monday.

At the beginning of the meeting, the assembly observed a one-minute silence for those in Turkey and Syria affected by the earthquake.

Tourism is one of the world’s major economic sectors, but it’s also one of the most vulnerable industries.

The last few years have shown that despite an insatiable desire for travel, the tourism industry remains vulnerable and needs resilience to survive everything from hurricanes to armed conflict, volcanic eruptions and global pandemics.

Petra empty of tourists during the global pandemic. The tourism industry is one of the world's largest, but also one of its most vulnerable. Reuters
Petra empty of tourists during the global pandemic. The tourism industry is one of the world's largest, but also one of its most vulnerable. Reuters

“This announcement will in fact signal to the world to put aside one day, February 17, every year to not just observe, but also create a greater level of consciousness around resilience,” added Bartlett.

“If we are to future-proof the sustainability of tourism, now is the time to give greater consideration for building resilience.”

The UNGA invites everyone to observe February 17 as a day to raise awareness of the importance of sustainable tourism, in accordance with local, regional and national priorities and through education, activities and events.

The first Global Tourism Resilience Conference will be held in Jamaica on February 15, culminating on Global Tourism Resilience Day.

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Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung

How to Eat by Thich Nhat Hanh

The Mindful Diet by Dr Ruth Wolever

Mindful Eating by Dr Jan Bays

How to Raise a Mindful Eaterby Maryann Jacobsen

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The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

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Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

Scoreline

Arsenal 3
Aubameyang (28'), Welbeck (38', 81')
Red cards: El Neny (90' 3)

Southampton 2
Long (17'), Austin (73')
Red cards: Stephens (90' 2)

Updated: February 09, 2023, 3:33 PM
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