IHTIC Launches in Iran
The first Iran Hotel & Tourism Investment Conference (IHTIC) will be held at the Parsian Evin Hotel, Tehran in Iran on 7-8 February 2017.
IHTIC will attract an international audience of senior figures and decision-makers involved in all aspects of hotel and tourism investment in Iran. The conference will focus on hotel development and tourism attraction in Iran. Join us in Tehran and hear from the regions industry experts on the opportunities available in the region, find out what lessons they have learnt about doing business in the country and how they have overcome development and operational challenges. Find out how government is stimulating foreign investment into the country, what incentives and projects are available.
2025 Tourism Vision Plan
Under the 2025 Tourism Vision plan Iran is expecting to increase the number of tourism arrivals from 4.8 million in 2014 to 10 million by 2019. The Tourism Organization of Iran also seeks to attract 20 million foreign tourists annually by 2025. The 4.8 million tourists brought around $6.5 billion in revenue to the country despite all sanctions and limitations. It is expected that by 2025, the country will receive $30 billion from tourism income.
The Future of Iran
- Iran is the 18th largest economy in the world and according to Goldman Sachs, one of the 11 most promising markets.
- In addition to rich reserves of oil, the world’s largest gas reserves and metals, Iran has a promising consumer sector with a well-educated population of 80 million inhabitants.
- There are huge investment opportunities across all of Iran’s economic sectors – energy, mining, hospitality & tourism, fast moving consumer goods, food & beverage, retail, automotive, aviation and manufacturing.
- According to Iran’s Chief of Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar, investing in the tourism sector has become one of the priorities of the Iranian authorities.
- The government has provided a series of incentives through the Foreign Investment Promotion and Protection Act (FIPPA) including a 50% full term tax reduction on income, loan structure and eligibility of government funding and property ownership rights
- Only 13 out of the 96 hotels in Tehran are classified as four and five-star, although it is widely acknowledged that these would not meet internationally recognized standards for these classifications.
- In 2014, AccorHotels became the first International Hotel Group to enter the market since the 1979 revolution.
- Abu Dhabi-based Rotana Hotel Management Corp. has signed management agreements for four hotels in Iran – two in Tehran (opening in 2018) and two in Mashad (opening in 2017).
- Melia Hotels International is planning to open a 319-room hotel in 2017 on the Caspian Sea, with investment coming from a third party.
- German hospitality company, Steigenberger Hotel Group, is set to build 10 hotels in different parts of Iran over the next ten years.
Iran has a lot to offer both commercially and culturally and there is huge growth potential in the country. Don’t miss out, join us at IHTIC to find out more.
For more information please visit Iran Hotel & Tourism Investment Conference website.