Retail Division
In view of expanding our market share we have opened Retail Division enabling cash flow from sub-agents and opening Sayar Branch Kingdom wide.The Covid-19 pandemic has likely changed the air travel market for some time to come. Business travel has been decimated as workers switch to virtual mobility tools, one in five private travelers are choosing to fly domestically rather than internationally and passenger demand is set to remain well below pre-Covid forecasts for years to come.
This shift has accelerated several trends in travel retail, some that existed pre-Covid and some a result of the pandemic.
This shift has accelerated several trends in travel retail, some that existed pre-Covid and some a result of the pandemic. To stay fresh, travel retailers need to frequently reinvent their formats. These include branded branches (with Sayar name) and sub-agents. We are also in negotiations with the authorities to open a retail branch in Saudi Airports to facilitate last moment travelers.
The Retail division has been a successful part of our business with daily cash flow and doubling our sales in the past 2 years. We are perusing more into this sector by planning to introduce Digital Retail Division which is going to be the future with increase in Global air travel.
Keeping in line with the country's development and the launch of VISSION 2030 we in SAYAR are gearing up to support the Tourism sector*. The statistics is that the Saudi population spends $22 billion dollars in tourism and entertainment outside the country every year. The government aims to transform 25% of that spending into local travel and entertainment to create a solid Saudi tourism economy. The General Authority for Entertainment defines the vision and evolution of the Saudi Arabia's entertainment industry. It partners with both public and private actors, to reduce government spending on entertainment. With this in view we are excited to benefit from the Tourism & entertainment sector
We are liaising with The General Authority for Entertainment and Saudi Exhibition & Convention Bureau along with Saudi Commission of Tourism for the formalities as to how to go about with the mission. There off we will setup a new department or Exclusive Branch to cater to Tourism and Event Management in Saudi Arabia. And by the end of 2019 we will set up an exclusive Training Center for Travel, Tourism and Entertainment Management programs for the young Saudi population. So that they step into the field with professional approach.
We look at VISION 2030 as an all round opportunities for every business unit. As rightly put THE HAPPINESS AND FULFILIMENT OF CITIZENS AND RESIDENTS IS IMPORTANT TO US". This can be achieved by building infrastructure to support all industries and Tourism and Entertainment being among them. And we fall deto this slot.Below chart will seldom explain how Tourism expands by putting together different sectors and empower the VISION 2030.