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Mashroo3k Feasibility studies  tourism sector Travel and Tourism Company

Travel and Tourism Company

Study request

The project revolves around organizing tourist trips and providing all the travel services that guest need. The most key services such company provides is book airline tickets and hotels, organizing both domestic and international trips, providing unique tour packages that encompass visits to archaeological sites, popular tours, and well-established recreational activities. The project will comply with the basic principles of sustainable tourism, aiming to minimize waste, rationalize water and energy, and utilize sustainable transportation.

Capital

Rate of Return

Payback Period Second Year

The Travel and Tourism Company Description

The Travel and Tourism Company Description

The project revolves around organizing tourist trips and providing all the travel services that guest need. The most key services such company provides is book airline tickets and hotels, organizing both domestic and international trips, providing unique tour packages that encompass visits to archaeological sites, popular tours, and well-established recreational activities. The project will comply with the basic principles of sustainable tourism, aiming to minimize waste, rationalize water and energy, and utilize sustainable transportation.

The feasibility study provided by Mashroo3k for Economic Consulting intends to evaluate the feasibility of the Travel and Tourism Company from marketing, technical, financial, and execution perspectives. It involves in-depth analysis and research into the target market volume, the required permits for implementing the project, anticipated costs, potential revenues, and others. Therefore, it is regarded as a fundamental tool for making sound investment decisions.

Travel and Tourism Company Services

Travel and Tourism Company Services

  • Book travel tickets.
  • Book hotels and accommodation.
  • Organize trips
  • Provide insurance services.
Discover What Sets Mashroo3k Apart

Discover What Sets Mashroo3k Apart

  • Financing approval: Mashroo3k is approved by all funders in the Kingdom of Saudi Arabia, Egypt, Oman, and Qatar.
  • International research expertise: Mashroo3k has a strong network of connections with many institutions and companies specialized in marketing consulting and market research. Mashroo3k is a member of the European Society for Opinion and Market Research ESOMAR, and builds its database in compliance with the top websites ESOMAR ANA – OEC – Statista – Unicef Data – WITS_ ITC.
  • Services geographic coverage: Mashroo3k has a team of experts covers 22 countries Saudi Arabia – Kuwait – Qatar – United Arab Emirates – Bahrain – Oman – Yemen – Jordan – Iraq – Armenia – Indonesia – Syria – Turkey – Georgia – Romania – Egypt – Sudan – Libya – Somalia – Algeria – Djibouti – Mali.
  • Mashroo3k’s international memberships: Mashroo3k has obtained more than 30 international memberships, in addition to ISO, Amnesty International, and Digital Marketing Institute.
  • Mashroo3k is a business partner and service provider for the world’s top companies and international entities: Such as United Nation Global, PWC, Marketplace, and Accenture PWCوAccenture
  • Project Features
  • Study Contents
  • Sector Indicator
  • The project as an investment opportunity
مؤشرات القطاع
  • Various and distinctive tour programs.
  • Honest and efficient management.
  • Various trips at competitive prices.
  • Environmentally friendly service offerings

Executive Summary

  • Project Overview
  • Financial Indicators
  • Project justification
  • Government investment incentives for the project
  • Target Markets
  • Final indicators and outcomes of the project

Project Service/Product Study

  • Description of the project and all its services/products
  • Project advantages and production requirements

Market Size Study

  • Familiarity with distribution channels
  • Consumers’ behavior, desires, and habits
  • Competitors’ products or services and their strengths and weaknesses
  • The nature and attributes of the market
  • The size of the demand for a product or service
  • The available share of the target market
  • The optimal method of marketing

Study of Risks

  • Identifying the risks
  • Risks’ impact on the project
  • Methods of risk prevention

Technical Study

  • A detailed description of the project’s products, the expected production capacity, and identifying investment costs
  • Identifying the size of electrical and water power
  • Identifying the project’s employment
  • Identifying the project’s requirements
  • Estimating construction costs
  • Estimating the total capital
  • Estimating annual operating costs
  • Estimating the amount of operating capital

Financial Study

  • The total required investment costs of the project
  • Structuring the income statement, cash flow statement, and balance sheet of the first ten years of operation
  • Estimating the expected annual revenues of the project in light of the identified operating capacities
  • The optimal funding structure of the project in light of the investors’ capabilities and funding terms
  • The project financial indicators and sensitivity analysis

Regulatory and Administrative Study

  • The project workforce
  • Regulatory structure
  • Job duties
المشروع كفرصة استثمارية

Tourism Sector in the GCC Countries The Tourism Sector stands as a pivotal contributor to the global economy, directly constituting 3.3% of the total global GDP. Its cumulative contribution amounts to 10.4%, equating to USD 9.2 trillion. The sector supports approximately 334 million jobs, representing 10.6% of all employment. Furthermore, global spending on leisure travel is estimated at USD 2.37 trillion. Notably, the tourism sector’s rapid expansion is evident, with one in every four new jobs worldwide being created within this industry. This encapsulates a succinct overview of the key indicators within the global tourism sector.   Now, let’s delve into the sector indicators across the GCC Countries:

  • Over the past 5 years, the total inbound tourist arrivals to the GCC countries amounted to 43.8 million, experiencing a marginal annual decline of 0.3%.
  • In terms of inbound tourist distribution by percentage, the United Arab Emirates accounted for approximately 49.2%, followed by Saudi Arabia with around 31.1%. The figure below illustrates the distribution of inbound tourists among the GCC countries.
  • Inbound tourist spending has exhibited robust growth at 12.1%, reaching USD 81.1 billion, with the UAE contributing 47.30% to the total spending.
  • The total number of tourist nights spent in the GCC countries reached 303.2 million, with Saudi Arabia accounting for 57.4% of these nights.
  • The number of domestic tourists within the GCC countries stood at approximately 12.6 million.
  • Intra-regional tourism within the GCC countries represented 28.7% of total inbound tourists, with Bahrain hosting the highest proportion of domestic tourists at 95.6%.
  • According to the GCC Statistics Center, the number of hotel establishments in the GCC countries has reached 11,119.
  • These establishments offer a total of 620,517 rooms, with an expected growth rate of up to 2.3%.
  • The entertainment and hospitality market in the GCC countries is projected to reach USD 642.3 billion by 2023.
  • The United Nations World Tourism Organization (UNWTO) forecasts that the GCC countries will be prepared to welcome 195 million visitors by 2030.
مؤشرات المشروع
  • The COVID-19 pandemic undoubtedly had a major impact on the global travel and tourism indicators decline, with the sector’s contribution to the global GDP dropping to only 6.1%, down from 10.3% in the year before the pandemic. However, the sector has recently begun to recover, as the global indicators show. Therefore, Mashroo3k recommends investing in this vital sector for the following reasons:
  • According to World Tourism Organization (UNWTO), the number of international tourists has risen from 25.2 million in 1950 to 1.40 billion in 2018.
  • 2246 hotels were opened worldwide at the end of 2021. This number is expected to reach 2805 hotels at the end of 2022, and by 2023, it’s expected to reach 2934.
  • In 2021, 340.7 thousand hotel rooms were opened worldwide. This number is expected to rise up to 428 thousand by the end of 2022 and reach 447.6 thousand by 2023.
  • The global tourism sector
  • The contribution of the travel and tourism sector to the global GDP increased by 21.7% at the end of 2021 compared to the previous year, which was affected by the COVID-19 pandemic. The sector contributed approximately USD 5.81 trillion to the global GDP. The global tourism market is estimated at approximately USD 1.311 trillion. This value is expected to reach USD 2.291 trillion by 2030 (excluding the pandemic year outcomes).

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