Mashroo3k Consulting offers a comprehensive feasibility study for a tourism company project in Qatar, ensuring the highest profitability and the best payback period. The study is based on in-depth analysis of the Qatari market size, strategies of local and international competitors, and competitive pricing offers.
Mashroo3’k Consulting Company provides investors interested in investing in a tourism company in Qatar with a set of specialized feasibility studies based on updated databases specific to the tourism sector in Qatar. This helps ensure the success of the project, achieve the highest return on investment, and the best payback period. The studies are built on precise market size assessments for Qatar, analysis of local and international competitors’ strategies, an examination of potential suppliers, and the possibility of obtaining competitive price offers.
Mashroo3k Economic Consulting Company is keen that the tourism and travel company project has a set of precise technical and marketing studies, and a marketing team capable of coordinating with customers and users, and innovating new methods to open new markets.
The company’s services are characterized by high quality and are suitable for all living standards.
The prices are exceptional.
The best accommodation options are provided.
Buses are available for transporting pilgrims and tourists.
Executive summary
Study project services/products
Market Size Analysis
Risk Assessment
Technical study
Financial study
Organizational and administrative study
The Tourism Sector in the Gulf Cooperation Council (GCC) Countries
The tourism sector is considered one of the most important contributors to the global GDP. It accounted for 3.3% of the total global GDP directly, while its total contribution reached 10.4%, which is equivalent to 9.2 trillion USD. The sector also represents 10.6% of all jobs (334 million jobs globally), and global spending on leisure travel is estimated at around 2.37 trillion USD. It is worth noting that the sector is growing steadily, creating one job out of every four new jobs worldwide. Here is a brief overview of global sector indicators:
Tourism Sector Indicators in GCC Countries:
The total number of inbound tourists to GCC countries reached 43.8 million, with an annual decline rate of 0.3% over a five-year period.
If we assume the distribution of incoming tourists to the GCC countries, the UAE alone accounted for 49.2%, followed by Saudi Arabia at 31.1%. The chart below illustrates the distribution of inbound tourists across the GCC countries.
The spending of inbound tourists to the GCC countries grew consecutively at a rate of 12.1%, reaching 81.1 billion USD.
The UAE alone accounted for 47.30% of the total spending by inbound tourists to the GCC countries.
The total number of nights spent by tourists in the GCC countries reached 303.2 million nights, with Saudi Arabia accounting for 57.4% of these nights.
The total number of domestic tourists within the GCC countries was approximately 12.6 million people.
Intra-GCC tourism accounted for 28.7% of the total number of inbound tourists to these countries. Bahrain recorded the highest percentage of receiving domestic tourists, estimated at 95.6%.
According to a report from the Gulf Statistical Center, the number of hotel establishments in the GCC countries reached 11,119.
The total number of rooms in these hotel establishments was around 620,517 rooms, with an expected growth rate of 2.3%.
The market for entertainment and hospitality construction in the GCC is expected to reach 642.3 billion USD by 2023.
According to the World Tourism Organization (UNWTO), GCC countries are poised to receive 195 million visitors by 2030.
There is no doubt that the COVID-19 pandemic had a significant impact on the global travel and tourism sector, causing a sharp decline in sector performance. The contribution of the sector to global GDP fell to just 6.1%, compared to 10.3% of global GDP in the year prior to the pandemic. However, the sector has been recovering recently, and global indicators confirm this recovery. Therefore, Mashroo3k Consulting Company recommends investing in this vital sector for the following reasons:
According to the World Tourism Organization (UNWTO), the number of international tourists increased from 25.2 million in 1950 to 1.40 billion tourists after 68 years.
By the end of 2021, 2,246 hotels were opened worldwide. By the end of 2022, this number is expected to reach 2,805 hotels, and by the end of 2023, the number of hotels is expected to rise to 2,934.
In 2021, 340.7 thousand hotel rooms were opened globally, and the number is expected to rise to 428 thousand rooms by the end of 2022. By 2023, the number of rooms is projected to reach 447.6 thousand.
By the end of 2021, the contribution of travel and tourism to global GDP increased by 21.7% compared to the previous year when the sector was severely impacted by the pandemic. The sector’s contribution to global GDP amounted to approximately 5.81 trillion USD. It is also worth noting that the global tourism market was valued at about 1.311 trillion USD and is expected to increase to 2.291 trillion USD by 2030 (excluding the pandemic’s impact).
