Skift Take
The UnTours Foundation is tired of all the talk and no action when it comes to making tourism sustainable. They hope their new $10 million fund will finally get the tourism industry in action mode. If the fund shows both impact and returns are possible, maybe the financial markets will take sustainable tourism more seriously as a business opportunity — a critical factor for industry-wide change.
The UnTours Foundation recently launched a $10 million fund with Expedia Group and TUI Care Foundation to help scale tourism businesses embracing sustainable practices.
Called “Reset Tourism Fund,” the capital will fill a gap in the loan market for sustainable tourism businesses. The UnTours Foundation is a non-profit that invests in social entrepreneurs and community projects and owns travel operator Untours.
“There’s a lot of talk about the buzzwords of sustainable tourism or regenerative tourism or…
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