furnished hotel apartments

Study request

share capital

Rate of return

Recovery period Second year

The project consists of furnishing hotel apartments, where all the requirements are provided in the apartments, including furniture, appliances, furnishings, decorations and services; by using the best advanced technology to achieve the highest levels of quality required. The furnished hotel apartments target different sectors, including: (individuals – tourists – expatriates – businessmen) to benefit from the market demand for these services, due to the growth and development of these sectors. The furnished hotel apartments project provides its services at the highest level according to international standards. The prices of the services provided are competitive, and all the supplies and equipment are provided in the apartments so that this project can compete and meet the demand and increasing consumption of furnished apartments. It is worth noting that the project targets: (individuals – tourists – expatriates – businessmen), and through a feasibility study of furnished hotel apartments, the project seeks to benefit from the growth in the size of the target markets, which are characterized by increasing demand rates. It also works to equip the furnished apartments with the best equipment, hoping to create new investment opportunities with a good return, achieve profits for the project owner, employ the workforce and improve their economic and social level, and achieve good returns and cash flows and added economic value. We must not forget that the project seeks to make optimal use of resources and assets, achieve a high level of quality, and maintain a competitive price level that enables the project to obtain its target share.

Project Services

Furnished hotel apartments
swimming pool
Health club
A gym for men and another for women
Cleaning and ironing clothes
restaurant
Meeting rooms

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 7,000 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 22 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.

Increase the area of the apartment in the building
There is a security and guard room.
There is a separate room for washing and ironing.
There is a swimming pool and a health club.
There is a sports club for men and women.
Having a restaurant
Presence of meeting rooms
There is an elevator in the building.

Executive Summary

About the project
Financial indicators
Justifications for establishing the project
Government investment incentives in the project field
Target Markets
Project indicators and final results

Study of project services/products

Study of project services/products
Description of the project and all its products/services

Market Size Study

Familiarity with distribution channels
Consumer behavior, desires and nature
Competitors’ products or services, and what their strengths and weaknesses are.
Nature of the market and its characteristics
The volume of demand for the product or service provided
Available share of target market
The best way to market

Risk study

Identify risks
Impact of risks on the project
Risk prevention methods

Technical study

Detailed description of project products Expected production capacity Determination of investment costs
Determine the volume of electrical energy and water
Determine the project’s labor needs
Determine project requirements
Construction and building cost calculation
Total Capital Calculation
Determine annual operating costs
Determine the amount of working capital

Financial study

Total investment costs required for the project
Organizing the cash flow and income statements as well as the financial position statement 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 the investors’ capabilities and in light of the financing granting conditions
Project financial indicators and sensitivity analysis

Organizational and administrative study

Project manpower
Organizational structure
Job Duties

Tourism sector in the GCC countries

The tourism sector is one of the most significant contributors to the global GDP. Its direct contribution accounts for 3.3% of the total global GDP, while its overall contribution reaches 10.4%, amounting to $9.2 trillion.
The sector’s workforce represents 10.6% of all jobs, equating to 334 million jobs worldwide. Additionally, global spending on leisure travel is estimated at $2.37 trillion.
Notably, the tourism sector continues to grow steadily, generating one out of every four new jobs globally.
This provides a brief overview of global tourism indicators. Now, let’s explore the key indicators of the sector within the Gulf Cooperation Council (GCC) countries.

As for the sector indicators in the Gulf Cooperation Council countries, we will present them below:

The total number of tourists arriving in the GCC countries reached 43.8 million tourists, with an annual decline rate of 0.3% over a period of 5 years.
If we assume the number of tourists coming to the GCC countries as a percentage, the UAE alone would have accounted for about 49.2%, followed by Saudi Arabia with 31.1%. As for the rest of the countries, the following figure shows the distribution of the number of tourists coming to the GCC countries:
Spending by inbound tourists in the Gulf Cooperation Council (GCC) countries recorded consecutive growth of 12.1%, reaching a total of $81.1 billion.
The UAE alone accounts for 47.3% of the total spending by inbound tourists in the Gulf Cooperation Council (GCC) countries.
The total number of nights spent by tourists in the Gulf Cooperation Council (GCC) countries reached 303.2 million nights. Saudi Arabia accounted for 57.4% of these nights.
The total number of domestic tourists between the GCC countries amounted to about 12.6 million people.
It is noted that intra-GCC tourism accounted for 28.7% of the total number of inbound tourists to the Gulf Cooperation Council (GCC) countries. Notably, Bahrain recorded the highest percentage of intra-GCC tourists, accounting for approximately 95.6% of its total inbound tourists.
According to one of the publications of the Gulf Statistical Center, the number of hotel establishments in the Gulf Cooperation Council countries reached 11,119 establishments.
The total number of rooms in these hotel establishments reached approximately 620,517 rooms, with reports indicating an expected growth rate of 2.3%.
The GCC leisure and hospitality construction market is expected to reach USD 642.3 billion by 2023.
According to the United Nations World Tourism Organization, the GCC countries are set to receive 195 million visitors by 2030.

There is no doubt that the COVID-19 pandemic had a significant impact on the decline of global travel and tourism indicators. The sector’s contribution to the global GDP dropped to 6.1%, down from 10.3% in the year prior to the pandemic.
However, the sector has recently begun to recover, as confirmed by global indicators.
For this reason, Mashroo3k strongly recommends investing in this vital sector, based on the following factors: (List of reasons follows).

_ According to the World Tourism Organization (UNWTO), the number of international tourists increased from 25.2 million tourists in 1950 to 1.40 billion tourists after 68 years.

_ By the end of 2021, 2,246 hotels were opened worldwide, and by the end of 2022, this number is expected to reach 2,805 hotels, and by the end of 2023, the number of these hotels will reach 2,934 hotels.

_ 340.7 thousand hotel rooms were opened worldwide in 2021, and the number is expected to rise to 428 thousand hotel rooms by the end of 2022, and by the coming of 2023, the number of rooms will reach 447.6 thousand rooms.

Global Tourism Sector 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 Corona pandemic affected the sector. The value of the sector’s contribution to global GDP amounted to approximately 5.81 trillion US dollars. It is noteworthy that the global tourism market was valued at approximately 1.311 trillion US dollars, and the value of this market is expected to rise to 2.291 trillion US dollars by 2030 (excluding the results of the pandemic year).