Your business with Iran starts from our local connections


16. 10. 05
Created: 05 October 2016

Iran will grant tax exemptions of 5 to 13 years to hoteliers in a move to incentivize developments of new hotels as the country targets tourism as a key driver for economic growth in the years to come. Iranian tourism sector has been steadily attracting more foreigners in recent years, with 5.2 million tourists visiting Iran in 2015 up from 2.2 million in 2009. The government hopes to see some 20 million tourists visiting Iran in 2020 according to ministry of economy.

Development of the tourism industry which accounted for 7.6 per cent of the GDP in 2015, requires building new hotels in the underdeveloped hotels sector. With lifting of the sanctions foreign hotel operators have been considering a move into Iran with Ibis and Novotel hotels being built outside Tehran's International Imam Khomeini Airport. According to ministry of roads and urban population, some 170 hotel projects are planned, and total number of new hotels will reach 300 by 2020.

The religious tourism in Iran provides great opportunity. Masshad which hosts the mausoleum of Imam Reza (PBUH), the eighth Shia Imam, has witnessed some 25 million pilgrims last year, a figure which surpasses Makkah. An opportunity which remains to be explored as emphasized by Imad Elias, chief of the Dubai-based Roda Hotels and Resorts who told AFP: "We had Iran as a potential spot for expansion even before the lifting of sanctions. Iran is a gold mine — a jewel that needs to be explored".