Can tourism be reimagined? New Saudi-led platform wants to future-proof global travel
TOURISE, a new platform from Saudi Arabia, aims to unite industry leaders, drive investment and rethink tourism's future.
Tourism is bouncing back fast. The industry is expected to contribute nearly €11 trillion – or about 10 per cent of GDP – to the global economy this year. By 2035, that number could reach €15 trillion.
But with this growth comes outsized pressures, from climate change and AI disruption to workforce skill gaps and shifting traveller expectations.
Saudi Arabia hopes to help steer the sector through these challenges with a new initiative: TOURISE.
Launched this week by Saudi Arabia's minister of tourism, Ahmed Al-Khateeb, TOURISE is a year-round global platform and annual summit designed to unite the public and private sectors, from policymakers and sustainability experts to entrepreneurs and investors.
'Global tourism is at a crossroads,' said Al-Khateeb. 'We must decide which path to take will determine its future.'
Saudi Arabia sees itself as a natural hub for this new global effort. Aiming to attract 50 million international visitors by 2030, the kingdom sees its tourism sector growing rapidly. By 2032, three million people in Saudi Arabia, or around 17 per cent of the population, are expected to work in the industry, according to the World Travel & Tourism Council.
In 2024, the country hit its Vision 2030 goal of 100 million total visits seven years early.
Backed by a high-level advisory board, TOURISE will host its first summit in Riyadh from 11-13 November this year. The invite-only event will focus on themes such as AI-powered tourism, investment and innovation and building a more inclusive and resilient sector.
Organisers say the platform will continue year-round through digital collaboration, cross-sector working groups and new research, including white papers and indexes focused on tourism, sustainability and the global economy.
Related
What's the world's best airline in 2024? Three European carriers made it into the top 10
Would you 'suffer the pain' of a long-haul budget flight? Wizz Air hopes so with new Saudi service
'We can design the future of tourism,' said Al-Khateeb.
The platform coincides with the launch of an awards programme that spotlights destinations excelling in areas such as sustainability, digital transformation and cultural preservation. Winners will be announced at the summit's opening night in November.
TOURISE is chaired by Al-Khateeb, with an advisory board that includes senior figures from Cirque du Soleil, Amadeus, Heathrow Airport and the World Travel & Tourism Council.
'This is an invitation to the world; it is not a domestic event,' said Tourise CEO Jean-Philippe Cossé.
'TOURISE can give the global tourism and travel industry something it has never had: a single, united future-focused platform. It can set the global tourism agenda for the decades ahead.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
China calls on WTO for greater oversight on unilateral tariffs
BEIJING (Reuters) -China's commerce minister has called on the World Trade Organisation to strengthen supervision over unilateral tariffs, and put forward objective and neutral policy proposals, the ministry said on Wednesday. At a WTO ministerial meeting in France, Commerce Minister Wang Wentao reiterated China's stance on upholding a multilateral trading system and said WTO has the country's backing for a more important role in global economic governance. Wang also met with European Trade Commissioner Maros Sefcovic and had a "pragmatic and frank" discussion with his Canadian counterpart.
Yahoo
26 minutes ago
- Yahoo
Alaska Airlines to launch flights to Rome next year
Alaska Airlines is making its Europe debut with the launch of nonstop flights to Rome next year. The Seattle-based carrier will operate four weekly flights to and from its Pacific Northwest hub to the popular Italian city starting in May 2026. Flights from Seattle-Tacoma Internatinal Airport and Rome Fiumicino Leonardo da Vinci Airport will go on sale in the fall. The airline says it selected Rome as its first European destination because it's one of the 'most requested' destinations among its reward members. This will be the third long-haul international route Alaska will launch from its Seattle home base since acquiring Hawaiian Airlines and its fleet of long-haul jets in 2024. According to Alaska Airlines CEO Ben Minicucci, the carrier plans to expand its global reach, intending to fly to 12 international destinations on multiple continents by 2030. Last month, Alaska launched its inaugural flights to Tokyo's Narita International Airport. Flights to Seoul, South Korea, are up next, which start on Sept. 12. The new Seattle-Rome route will also double as the launch for Alaska's new flagship international Dreamliner experience on board the new Boeing 787-9 Dreamliner Jets, which is expected to include all-new business-class suites and amenities. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Miami Herald
34 minutes ago
- Miami Herald
As Palantir stock soars, veteran trader makes surprising call
Hey, did you catch Alex Karp on the Daily Show? The controversial Palantir (PLTR) CEO got roasted by host Jon Stewart, who was discussing reports about the big-data-analytics company's expanding partnership with the Trump administration. Don't miss the move: Subscribe to TheStreet's free daily newsletter Palantir is reportedly going to build a master list of personal information, raising concern that President Donald Trump could have immense surveillance powers. "It's not like they're handing all of our data over to some crackpot CEO," Stewart says, while the screen lights up with a photo of an arguably unflattering photo of Karp. "Let's not judge a book by its cover." The segment included clips of interviews with Karp, who shares his views in his characteristic blunt force style. "The most effective way for social changes is to humiliate your enemy and make them poorer," Karp says in one interview. Image source:"I don't think in win-lose; I think in domination," he states in another. And then there's this gem: More Palantir Palantir gets great news from the PentagonWall Street veteran doubles down on PalantirPalantir bull sends message after CEO joins Trump for Saudi visit "I love the idea of getting a drone and having light fentanyl-laced urine spraying on analysts who tried to screw us," Karp states. "Well, let's not judge a book by its insides," a rather nervous looking Stewart says. "I've always said if there's anyone in the country who should have access to all of my personal data, it's the guy who wants drug-laced urine-spraying drones." Karp may have gotten reamed by Comedy Central, but investors seem happy. The company's stock has urged nearly 76% in 2025, closing at an all-time high on June 2, and ha soared a WTF-inducing 522% from a year ago. Last month, Palantir, which brings AI tools to the booming defense technology market, beat estimates for first-quarter revenue and boosted its full-year guidance as companies adopted its AI software. Palantir's Foundry software is being used by the Departments of Homeland Security and Health and Human Services, and reportedly is in discussions with both the IRS and Social Security Administration, according to The Economic Times. In April, Palantir won a $30 million contract from U.S. Immigration and Customs Enforcement to develop an operating system that identifies undocumented immigrants and tracks self-deportations. That was its largest single award from the agency among 46 federal contract actions since 2011. "They probably benefit a little bit more with Trump because of the impetus on security, border and immigration," Francisco Bido, senior portfolio manager at Palantir investor F/m Investments, told Reuters. "They're going to get a lot of work out of that." Peter Thiel, one of the company's co-founders, was an early Trump backer and has close ties with key Washington lawmakers, including Vice President JD Vance, whom he supported in a 2022 U.S. Senate race. "The relationships that Palantir's founders ... have with senior members of the Trump administration are helpful for business," D.A. Davidson analyst Gil Luria said. Related: Palantir gets great news from the Pentagon TheStreet Pro's Ed Ponsi has been keeping a sharp eye on Palantir's stock. "Have you ever bought a stock as it reached an all-time high?" he asked in his recent column. "It's a scary thought. We've always been taught to buy low and sell high. Buying at the highs is a violation of that rule." Ponsi, managing director of Barchetta Capital Management, said that nobody likes to buy at the highs because of the fear that the stock will immediately decline. "Traders and investors fear buying the top, just as they fear selling the bottom," he added. Fundamental investors who buy at the highs perceive value that is greater than the stock's current price, Ponsi explained. Technical traders love to buy stocks that are "breaking out" to all-time highs, since that market move represents a show of strength. "Sometimes, these fundamental and technical qualities appear simultaneously," he said. "That's been the case with Palantir." Ponsi recommended buying Palantir in October even as the stock traded at an all-time high. Since then the shares have tripled. He also tipped his hat to a colleague at TheStreet Pro, Stephen "Sarge" Guilfoyle, who bought Palantir when it was trading in single digits. "I finally understood the Palantir story months later," he said. "Even at a higher price, the stock was still a buy." "Now the stock has reached yet another all-time high," Ponsi added. "If the charts are correct, Palantir is still a good stock to own at its current price." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.