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Mashroo3k Feasibility Studies tourism sector Tourism company

Tourism company

Study request

Mashroo3k Economic Consulting offers a feasibility study for a tourism company project in the Kingdom of Saudi Arabia, ensuring the highest profitability and optimal payback period. The study is based on comprehensive research of the Saudi market size, analysis of local and international competitors’ strategies, and the provision of competitive pricing offers.

Capital

rate of return

Recovery period Third year

Description of the Tourism Company Project

Description of the Tourism Company Project

Mashroo3k Economic Consulting provides investors interested in establishing a tourism company in Saudi Arabia with a set of specialized feasibility studies, based on up-to-date databases specific to the tourism sector in the Kingdom. These studies support the success of the project and ensure the highest profitability and optimal payback period through detailed analyses of the Saudi market size, assessment of local and international competitors’ strategies, evaluation of potential suppliers, and the possibility of obtaining competitive pricing offers.

Tourism company services

Tourism company services

  • Book tickets for travel by air, sea or land.
  • Coordinating trips inside and outside the Sultanate.
  • Providing a complete tourist program that includes archaeological and recreational sites.
  • Providing hospitality services, hotel reservations, or residential units.

Mashroo3k Company for Economic Consulting ensures that the tourism and travel company project includes a set of precise technical and marketing studies, along with a marketing team capable of coordinating with clients and users, and innovating new methods to open new markets.

Why mashroo3k ?

Why mashroo3k ?

  • Mashroo3k has over 11 years of experience in preparing feasibility studies, market research, and providing a wide range of consulting services, including administrative, economic, financial, and others.
  • Mashroo3k has offices in 7 international branches, located in Saudi Arabia, the UAE, Egypt, Qatar, Oman, Yemen, and Iraq, in addition to its agents in China, Singapore, and other countries.
  • Mashroo3k has provided over 8000 services and feasibility studies, helping thousands of clients achieve their investment goals.
  • Mashroo3k’s services are accredited and trusted by all financial institutions and entities in the Middle East.
  • Mashroo3k’s service coverage extends to 35 countries across all continents.
  • Mashroo3k is a member of over 100 prestigious international institutions specializing in market research and business management.
  • Mashroo3k’s team consists of 350 consultants with extensive knowledge of economic sector indicators and opportunities. Thanks to the diversity of their expertise, they ensure effective solutions and strategies.
  • Mashroo3k is contracted with over 10,200 suppliers in 35 countries to support projects logistically with production lines, raw materials, machinery, equipment, and similar resources.
  • Mashroo3k possesses a vast database that enhances the accuracy of its predictions and analyses, as well as its ability to manage risks effectively.
  • Project features
  • Study Contents
  • Sector Indicators
  • The Project as an Investment Opportunity
مؤشرات القطاع
  • The company’s services are characterized by high quality and suitability for all living standards.
  • The prices are excellent.
  • Providing the best accommodation.
  • Providing buses to transport pilgrims and tourists.

Executive Summary

  • About the project
  • Financial Indicators
  • Rationale for the project
  • Government investment incentives in the project field
  • Target Markets
  • Project indicators and final results

Study of project services/products

  • Project description and all its products/services.
  • Project advantages and production requirements.

Market size study.

  • Understanding distribution channels.
  • Consumer behavior, preferences, and tendencies.
  • Competitors’ products or services, along with their strengths and weaknesses.
  • Market nature and its characteristics.
  • The demand size for the offered product or service.
  • The available share of the target market.
  • The optimal marketing strategy.

Risk assessment study.

  • Risk identification.
  • The impact of risks on the project.
  • Risk prevention methods.
Technical study
  • A detailed description of the project’s products, expected production capacity, and determination of investment costs.
  • Determining the required electricity and water capacity.
  • Determining the project’s labor requirements.
  • Determining the project’s requirements.
  • Calculating construction and building costs.
  • Calculating the total capital
  • Determining the annual operating costs.
  • Determining the amount of working capital.
Financial study.
  • Total investment costs required for the project.
  • Organizing cash flow statements, income statements, and the balance sheet for the first ten years of operation.
  • Determine the expected annual revenues of the project in light of the specified operational capacities
  • The optimal financing structure for the project in light of investors’ capabilities and financing conditions.
  • The project’s financial indicators and sensitivity analysis.
Organizational and administrative study.
  • Project workforce.
  • Organizational structure.
  • Job responsibilities.
المشروع كفرصة استثمارية
  • The tourism sector is one of the important tributaries that form the backbone of the Saudi economy; it helps provide job opportunities for the people of the Kingdom, improves the infrastructure, and develops all logistical services. Under the umbrella of Vision 2030, Saudi Arabia has targeted the renaissance of this sector; it has opened its doors to tourists from all over the world, and has even launched an electronic tourist visa for citizens of 49 countries; it has already issued more than 440,000 tourist visas until March 2020.
  • The Kingdom still dreams of reaching a number of tourist visits of approximately 55 million visits from abroad, and 45 million visits from within the country. It also aspires for the tourism sector to provide one million jobs for citizens and hopes to raise its contribution to the gross domestic product to 10%.

Here are the most important indicators of the sector according to the latest statistics:

  • 27,480,972 is the total number of foreigners coming to the Kingdom.
  • The number of recreational activities reached about 690 events.
  • The number of registered archaeological, heritage and historical sites in Saudi Arabia has reached 8,499.
  • Average hotel occupancy is 70.2%.
  • The number of tourist nights spent by local tourists reached 248,752,006 tourist nights, and their spending exceeded 53,162,627,159 riyals.
  • The number of tourist nights spent by incoming tourists was estimated at about 188,040,603 nights, and their spending exceeded 100,806,082,413 riyals.
مؤشرات المشروع
  • The volume of tourism spending increased from 130.5 billion riyals in 2015 to 164.6 billion riyals in 2019, an increase of 26%.
  • Tourist spending in the GCC exceeds $81.1 billion, with Saudi Arabia alone accounting for 39% of this spending.
  • The number of nights spent by tourists in the Gulf Cooperation Council countries is approximately 303.2 million nights; Saudi Arabia’s share of these nights is 173.9 million nights, equivalent to 57.4% of the total number of nights.

Research in studies

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Keywords: :

Tourism company Tourism company in Saudi Arabia Tourism company project
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