Finance and technology announcements at the inaugural TOURISE Summit in Riyadh set out major investment commitments and the launch of a new global digital framework for tourism.
TOURISE said it catalysed $113 billion in portfolio investments aimed at accelerating growth across the global tourism ecosystem.
It said the portfolios were announced at the summit as part of a broad effort to channel capital into luxury retail, next-generation hotel accommodation, large-scale integrated developments, wellness, destination and lifestyle offerings, talent development, and AI-powered platforms.
It added that the companies announcing portfolios
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