In association withTOURISM INVESTMENT 2023Global greenfield investment trends in tourismDownload your free copy of the report: fdiinsights.com/fdi/report2023The fDi Report 2023 is the annual assessment of crossborder investment, based on data from fDi Markets – a service from the Financial Times.Key foreign direct investment trends spotted include:• For a 4th year running, the renewable energy sector has attracted the highest total capital investment globally• Inbound FDI for China declined further in 2022. Compared to 2019, the number of projects into China last year were down 60%• Following Russia’s invasion of Ukraine in early 2022, the number of announced FDI projects into Russia plummeted to only 13Out now: The fDi Report 2023 Global greenfield investment trendsNow that tourism is bouncing back, sustainability must be the priorityaffected tourism flows across the whole Asia-Pacific region, where arrivals remain far below pre-pandemic levels (–46% year-on-year in the first quarter of 2023, but bouncing back at tremendous pace). Foreign investors have finally started navigating the nuances of the global tourism recovery. Although capital expenditure figures have yet to recover, they announced 21% more projects in the tourism cluster in 2022 than they did in the previous year, as shown by the analysis that follows in this report, which is based on fDi Intelligence proprietary database of greenfield FDI projects, fDi Markets. The number of jobs created by FDI projects bounced back too. That marks a clear departure from the lows of 2020 and 2021, when investment activity in the tourism cluster almost evaporated, coming off record years in 2018 and 2019. If we look at the data at a more granular le...
