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Tourism
Tourism among the industries that will fuel the economic turnaround
Jean-Marc Eustache, President and CEO of Transat,
delivers a speech at the international Symposium
on the development of sustainable tourism
QUEBEC CITY - Jean-Marc Eustache, President and Chief Executive Officer of Transat A.T. Inc., highlighted the fact that tourism will continue to play a major role in tomorrow's economy, and will comply more and more with the principles of sustainability, in a speech centered on the competitiveness of destinations delivered in Quebec City, during an international Symposium on the development of sustainable tourism organized by the ministère du Tourisme du Québec.
"Like all industries, tourism has its raw materials. But these are not
found by digging earth or harvesting forests. The input of tourism is people,
as no other industries centers so much on human interaction. It's landscape,
as people want to discover natural sites or typical villages and towns, as
well as clean water, air and environment, which are all essential to the
flourishing of the travel industry. And lastly, there is also the past, as we
all have distinct roots and heritage," Mr. Eustche said.
Mr. Eustache also made an analogy with the food industry and its "chain
of cold", highlighting the potential of a "chain of responsibility" in the
tourism industry. "We need to act responsibly, and encourage our suppliers and
partners to do the same. We also need to do our part making travellers more
aware, and co-operate with destinations. That's how I see the role of tour
operators. We are in a global, highly integrated system, and local issues
belong to all," he also explained.
Mr. Eustache also emphasized the economic impact of tourism, which
represents more than 200 million jobs worldwide, and pointed to the travel
industry's remarkable track record of resisting recessions and other market
downturns. "Tourism holds the potential to build a better future. That
potential needs to be unleashed, and put to work," he said.
To learn more about Transat's efforts on sustainability, or to access the
speech, visit www.transat.com. The speech was delivered in French. English
version will be put online shortly.
With revenues of $3.5 billion in 2008, Transat A.T. Inc. is an integrated
international tour operator with more than 60 destination countries and that
distributes products in over 50 countries. A holiday travel specialist,
Transat operates mainly in Canada and Europe, as well as in the Caribbean,
Mexico and the Mediterranean Basin. Montreal-based Transat is also active in
air transportation, accommodation, destination services and distribution.
(TSX: TRZ.B, TRZ.A)
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