Critical success factors in integrated tourism development projects: A thematic analysis of major tourism investors’ perspectives in the Red Sea, Egypt

Moaaz Kabil ,Mohamed Abouelseoud ,Thaib Alharethi ,Csilla Molnár ,Mustafa Monir Mahmoud ,Lóránt Dénes Dávid

doi:10.24294/jipd9393

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Critical success factors in integrated tourism development projects: A thematic analysis of major tourism investors’ perspectives in the Red Sea, Egypt

Moaaz Kabil

Mohamed Abouelseoud

Thaib Alharethi

Csilla Molnár

Mustafa Monir Mahmoud

Lóránt Dénes Dávid

Journal of Infrastructure Policy and Development 2024, 8(15), 9393; https://doi.org/10.24294/jipd9393

Submitted：29 Sept 2024

Accepted：28 Oct 2024

Published：18 Dec 2024

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Abstract

Investment plays a critical role in the progress of the tourism industry. Understanding the perspectives of tourism real estate developers and major investors is essential, as their decisions and insights shape the success of tourism projects. This study analyzes the critical success factors for integrated tourism development projects from the viewpoints of real estate developers and investors in Egypt’s Red Sea region. By conducting thematic analysis of interviews with eight experts, the study identifies key factors influencing the success of integrated tourism development projects. The findings reveal that, according to the investors perspectives, the ranking of factor groups is as follows: regulatory and administrative factors, tourism development and urban planning factors, collaboration and market responsiveness factors, economic and financial factors, infrastructure and accessibility factors, and environmental factors. The results contribute to the literature on tourism investment and provide insights for future tourism development projects aiming to succeed in similar coastal environments.

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References

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