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Hotels, hostels, inns, travel agencies, tour operators, and any other company that depends on tourism for its success are all included in the travel and tourism industry. The target market includes governments, businesses, and both domestic and foreign tourists. The industry has a variety of providers. The tourism business is at its mature stage and encounters light regulation. Due to global discretionary income and high consumer confidence, Saudi Arabia’s tourism sector has grown significantly over the past five years.
Travel is now convenient and reasonably priced thanks to low oil and gas prices and competitive airfare. Globalization and high disposable income will continue to fuel demand for this sector in the future. Over the past ten years, the number of people and families choosing to go abroad has increased substantially, and this trend is expected to continue.
Saudi Arabia is a desirable location for vacationers due to its abundance of natural resources and political stability. Furthermore, Muslims flock to the Two Holy Mosques during the seasons of worship and throughout the year as well create an ideal setting for the hotel sector.
Travelers had previously used online travel agencies (OTA) and direct booking more frequently. This lowers the entry hurdle for new competitors in the sector and increases potential for online travel agencies.
The cost of travel is regarded as non-essential. The number of yearly travels is expected to increase in tandem with consumers' increased disposable income.
Approximately 90% of customers search for eco-friendly travel solutions. They search for details about eco-friendly travel choices.
Consolidations in the travel industry are common. Being the top private market M&A advisory firm in Canada, BB Capital is aware of how significant the choice to sell a company is. A committed business owner aims to sell their company to a qualified buyer who can carry on the company’s legacy in addition to maximizing the amount of money they can get from the sale. With a wealth of deal-negotiating experience, BB Capital has worked on valuation and M&A consulting mandates in the entertainment sector. Our knowledgeable advisory staff will help your company through the whole sell-side M&A process.
Understanding certain crucial elements unique to the Travel industry that could affect the possibility of a possible sale is crucial for entrepreneurs and business owners considering a possible sale. These elements influence how appealing a company is to possible investors and buyers.
Niche Product Offerings: In the travel sector, businesses frequently provide comparable services and vacation packages. Therefore, a travel agency that provides distinctive services has a competitive edge in the market and draws customers seeking out more specialized travel experiences.
Relationships with Other Industry Players: By establishing connections with other industry players, travel agencies provide easy, one-stop services. For example, to provide a complete vacation package, an online travel agency may collaborate with hotels and airlines.
Customer service: In a service sector where customers interact with businesses, travel agencies establish their reputations by providing top-notch goods and services.
Whether it’s a sale or a valuation, our team can offer resources and experience that are only available at larger companies, together with the individualized attention of our M&A Advisory team. Reach out to one of our advisors by contacting us right now.
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Khalid.Alsuhaim@bluebeachcapital.com
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