The challenge

Background

At the beginning of this century, Cyprus’ tourism demand stagnated at 2.6 million international tourists. According to World Bank statistics, Cyprus was the lowest performing destination among its EU competitors at the time. However, a promising increase in demand has been observed in recent years, opening up new opportunities. To take advantage of this opportunity, the Government of Cyprus decided to define a new National Tourism Strategy.

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Key Objectives

Restore tourism growth and income by improving the value proposition, repositioning your tourism brand and making a strategic change towards an updated, enriched and diversified tourism product. Attract more visitors, get them to spend more and penetrate new niches and markets.

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focus

THR developed a comprehensive development strategy that was converted into 8 specific action plans and organized into an implementation program. Additionally, the methodology included:

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projects in the public and private sector
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years creating value for our clients

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Created value

  • A clear national strategy that will guide tourism development for the next 15 years, approved by the government and accepted by the main stakeholders.
  • New branding and marketing strategies, defined to achieve a differentiating positioning for Cyprus and a plan to attract more flexible and less seasonal tourism.
  • An action plan to increase Cyprus’ air connectivity and to reduce seasonality.
  • A spatial growth model, which identifies new areas for tourism development.
  • Main tourism projects and opportunities identified, as well as a plan to attract local and foreign investment.
  • Business models and value proposition for the 7 main tourism products, defined.
  • A new government model that involves public and private stakeholders.
  • A new operating model and training sessions aimed at officials to support the alignment of strategy and organization.

Developing the ‘Salam Resorts’ luxury concept for Sama Dubai

Cliente: Ministerio de Energía, Comercio, Industria y Turismo de Chipre

Ubicación: Chipre

The Challenge

Background

Sama Dubai (an affiliate of Dubai Holding which merged with Emaar Properties in 2009) wished to become one of the World’s top 5 developers in the real-estate industry and be renowned as the best of its kind with a remarkable portfolio of product concepts. Aware of the strong international demand for luxury resorts, and in accordance with their vision to create places where people could belong to, they intended to create a leading international premium brand.

THR developed 'Salam Resorts' luxury concept for Sama Dubai, mixing emotional and experiential elements with a strong market presence, with the target of positioning Sama Dubai among the top real estate developers worldwide.
Key objectives

The project key objectives consisted of:

  • Definition of the product’s concept for a new luxury resort global brand
  • Definition of the product’s global positioning
  • Assessment of relative success factors for luxury resorts (i.e., leveraging supply-demand analysis)

The Approach

THR implemented a combination of methodologies to develop a unique value proposition that integrates all emotional and experiential components. The approach aimed at defining the value proposition of the resort and establishing its functional parameters, including:

  • Forecast Sessions – Utilizing predictive modeling to anticipate market trends and consumer needs
  • Expert Interviews / Panels – Engaging with world-renowned experts to gain insights and validate strategies
  • Client Interviews – Conducting clients’ discussions to understand perspectives and requirements

Value Created

At the end of the project, Sama Dubai received:

  • Definition of a concept combining emotions / experiences with physical / functional aspects
  • Set up object definition according to 3 dimensions (i.e., psyco-graphic, lifestyle and influx level)
  • Definition of best practice and key success factors
  • Definition of the potential demand
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Client: Sama Dubai

Cliente: Ministerio de Energía, Comercio, Industria y Turismo de Chipre

Location: Worldwide

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At THR, we are proud of our clients' success in global tourism. Their achievements stand as a testimony of our commitment to providing strategic insights, innovative solutions and tailored support through close collaboration.