Market Entry - Tourism and Hotel Industry in Qatar: Analysis of Growth, Trends and Progress (2015-2020)

PUBLISHED

DEC 2017

Market Entry - Tourism and Hotel Industry in Qatar: Analysis of Growth, Trends and Progress (2015-2020)

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About the Market

Tourism is an important component of their economy, as well as a significant source of foreign exchange revenues, contributing to 9.3% of country's GDP. Good travel and tourism policies enable 10 million international visitors annually. Indonesia's tourism sector accounts for approximately 4% of the total economy and plans to double the figure by 2019 by improving infrastructure, accessibility, health & hygiene, as well as enhancing online promotional marketing strategy, leading to opportunities in upcoming markets. The government has also revised its visa-free access policy in 2015 to attract more foreign tourists. Famous tourist destinations like Bali and Jakarta have already seen a large influx of investment in recent years, especially, in the upper end of the market, leading to excessive supply, promoting the establishment of hotel industry.

About the Geography                  

Qatar has the third largest economy in the GCC, after Saudi Arabia and the United Arab Emirates (UAE). The International Monetary Fund (IMF) forecasts that Qatar will have the highest real growth in the region over the next four years.

Qatar’s objective is to become a leader in terms of business environment and foreign investment. Qatar had one of the highest GDP (12%) during the financial crisis owing to the implementation of the Qatar National Vision 2030, which set out principles upon which the State of Qatar aims to create a sustainable economy and improve the standards of living of the people. Currently, Qatar is seeking FDI in sectors like tourism to continue its policy of economic diversification. The sectors that attract foreign investment are oil and gas, construction, public works and financial services.

The major challenges for doing business in Qatar are bureaucracy, highly competitive and saturated market in some sectors, and the need to have a Qatari national as a major partner in the new company in most sectors. Despite this, Qatar is an attractive destination for investors due to economic stability, modern and fast growing economy, high personal wealth and strong government support for infrastructure and related projects.

Component Name

Unit

GDP (USD billion)

167

GDP Annual Growth Rate

1.1

GDP Per Capita

75117

Unemployment Rate

0.2

Inflation Rate

2.9

Consumer Price Index (CPI)

109

Interest Rate

4.5

Loans to Private Sector (USD billion)

120.248

Balance of Trade (USD billion)

2.3857

Business Confidence

20.4

Ease of Doing Business

68

Competitiveness Rank

18

Corruption Rank

22

Consumer Confidence

185

Consumer Spending (in billion)

31.108

Corporate Tax Rate

10

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Hotel and Tourism industry by Type (USD millions)

                4.1 Vacation tourism

                4.2 Medical toursim

                4.3 Cultural toursim

                4.4 Eco toursim

                4.5 Adventure toursim

                4.6 Cruise toursim

                4.7 Event toursim

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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