A Consumer Led Economy
The travel, tourism and leisure industry is going through a period of major changes and will soon look very diﬀerent. The sector is feeling the impact of a trend that’s here to stay: the shift to the consumer-led economy where guests call the shots.
Grant Thornton combines technical knowledge and global reach with deep industry knowledge and local market understanding, to help you to navigate the complexities in the environment to beneﬁt from the return to growth.
With 36 million consumers across the six countries of the GCC (Gulf Cooperation Council) and 400 million in the overall MENA (Middle East and North Africa) region – the tourism market is currently worth US $1.6 trillion. In addition, regional tourism is expanding faster than global tourism, at 5%.
Bahrain has been selected as Arabian Capital of Culture (2012), Capital of Arab Tourism (2013) and Capital of Asian Tourism (2014); which is proof of the Kingdom’s status as a regional and international visitor hub. The Bahrain Airport Company (BAC) is developing a new passenger terminal at Bahrain International Airport, to cater to increasing aviation needs.
“At Grant Thornton we help dynamic businesses around the world adapt to this rapidly changing environment. Drawing on our industry expertise, we work with you to scenario plan, manage costs, create ﬂexible organizations and ﬁnance growth.”
Gillian Saunders, Grant Thornton Global Leader – Travel, Tourism and Leisure
Services We Oﬀer
Strong cross border connections have led to an increased demand from our clients for our global capabilities. Rapidly growing businesses are either operating internationally or planning cross border expansions. This creates a need to adapt to challenging market conditions, dealing with complex events, transactions and restructuring.
As a global organization we focus on providing the best-in-class services designed to deliver real value and support investor conﬁdence. We use the same tools, methodologies, training and standards across geographies to ensure consistency and cohesion. And our scale and depth means we have credible teams in all jurisdictions.