BUSINESS NEWS name and revised its model. Chief executive Jeremy Sampson explains why to Ian Taylor
‘Destinations have a hard time advocating for the investment needed to build resilience,’ says Jeremy Sampson
He accepts “there is never a great
time to do something like this” but adds: “We’re pleased so far.” Sampson highlights finance
as a key area of focus for Travel Forward now. He notes: “Everything comes back to finance. “We can’t change the way decisions
are made, or how success is measured, without changing the funding models. We can’t really say we’re having an impact unless more resources are mobilised to change things on the ground. The money needed at scale is not there. Destinations have a hard time advocating for the investment needed to build resilience. We need to mobilise resources.”
Access to finance In response, he says: “We’ve started to study why it’s so difficult for the industry to access finance. There are mechanisms for impact assessment and climate finance that other sectors have done a much better job of tapping into. The travel industry doesn’t really understand the finance sector, and vice versa.
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What we are
now is a vehicle to move forward – not just to talk but to be solution-oriented
“So, we’re exploring what bridges
can be built. We’ve partnered with the Edinburgh Futures Institute [at the University of Edinburgh] and Cornell University, both with a lot of credibility and a focus on tourism and climate change. “There are already things
emerging, primarily around the need for an intermediary which could attract finance from multiple sources and combine and distribute it.” But this should be done,
Samspon says, “through a lens of understanding risk and a need for equity and climate justice”, adding: “We’re studying what that might look like.” His hope is to produce a white paper for this year’s Cop31 Climate Conference in November.
There has been debate for
years about sustainability in travel, about the need to respond to climate vulnerabilities and to put communities more at the centre of destination development. Yet progress appears slow. Sampson argues: “Are we where
we need to be? No. But sustainability is becoming more integrated into the fabric of organisations.” He recognises: “For a long time,
we were maybe too siloed from the realities of business.” Now, he suggests, growing recognition of the risks to travel businesses and destinations provides “a bridge between sustainability, marketing and product”.
Critical mass Sampson adds: “The only way to move a system with deep structural challenges is by having some critical mass. There is still siloing. There is still imbalance. But it’s remarkable how destinations shifted mindset in just a few years. Everyone became destination management or stewardship organisations.”
Of course, he says: “It’s one thing
to have a mindset, it’s quite another to have the resources and governance to deliver. But the urgency and the risks have never been clearer. “For a long time, the ‘business
case’ was around people wanting sustainable things. But I don’t buy it. That wasn’t driving enough urgency and real resources. Now there is a bunch of compliance around risk and vulnerabilities people are increasingly aware of. That creates the business case.” Sampson notes of the past few
years: “Sometimes it has felt weird. On one hand we were declaring a climate emergency and on the other we’d be working with places, doing education on what is climate change. In an emergency, you would hear sirens, you wouldn’t be talking about what is a heart attack. But if we never build the foundations, we won’t ever make progress.” He argues: “There have been a
lot of ‘performative’ micro actions, but people recognise it’s not enough now, that this won’t deal with the risks we face as an industry.”
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PICTURE: Shutterstock/Alex Tihonovs
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