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Restructuring of the Whole Travel & Tourism Sector" |
April 22, 2003 - In a
statement about the breakout session he will moderate at the 3rd Global
Travel & Tourism Summit in Vilamoura on May 15 � 17, Alex Kyriakidis,
Managing Partner, Travel, Tourism & Leisure, Deloitte & Touche,
said:
However, consolidation will not be the only theme; I believe there will be openings for entrepreneurs in gaming and betting, with particular growth in the UK and South East Asia. In short, we could be on the verge of a dramatic restructuring of the whole Travel & Tourism sector.� In the Summit breakout entitled �Investment Outlook�, Alex Kyriakidis will lead a discussion that will identify where the best investment opportunities will lie and what the profit drivers will be. To assist the analysis, he will divide Travel & Tourism into four broad segments, Airlines, Tour Operators, Hospitality & Leisure and Gaming & Betting. Within each segment, he will also seek consensus on the likely winners and the losers. The audience will be invited to contribute their views, as will a panel of top executives, including:
The event will be attended by top level company executives and government officials from around the world, and other people involved in the Travel & Tourism industry at the most senior level. The Summit�s main objectives are to help the Travel & Tourism industry to come together to rebuild confidence in the face of war, terrorism, disease and economic slowdown, to turn challenges in to opportunities, to build a vision of �New Tourism� and initiate a strategy to achieve it. Other confirmed speakers include James Rubin, Former US Assistant Secretary of State, Neil Armstrong, the astronaut, the President and Prime Minister of Portugal (Jorge Sampaio and José Manuel Durão Barroso), the Chairmen of American Express (Ken Chenault), Iberia (Xabier de Irala), Marriott International (Bill Marriott), Qatar Airways (Akbar Al Baker), Six Continents (Sir Ian Prosser), Starwood Hotels and Resorts (Barry Sternlicht), TUI (Michael Frenzel) and over 30 more top executives of companies of similar stature. Travel & Tourism is the world�s biggest industry, accounting for nearly 200million jobs, and over 10 per cent of world GDP, more than US$3,500 billion. More information on the summit, including biographies of the moderator and panellists of the Investment Outlook breakout, can be found at www.globaltraveltourism.com, where it is also possible to book on line. |
David Tarsh +44 (0) 20 7602 5262 [email protected] www.globaltraveltourism.com |
Also See: | 3rd Global Travel & Tourism Summit Set for Vilamoura, Portugal May 15th - 17, 2003; Line Up of Speakers / March 2003 / April 2003 |