Tourism Sector Performance: A Glimpse into the Future
Although the tourism sector is not directly represented on the Tunis Stock Exchange, companies that are publicly traded provide insight into certain trends through the publication of their financial statements. This is the case with Tour Khalef, a tourism company that has revealed solid results for the 2024 fiscal year.
Key Financial Highlights
- Net profit: 12,156 Mtnd, driven by a turnover of 56,023 Mtnd, which represents a 30.1% increase compared to 2023
- Revenue from accommodation, food, and beverages: 54,142 Mtnd
- Revenue from thalassotherapy services: 1,505 Mtnd
- Dividends from investments in other companies: 1,998 Mtnd
The company's performance is attributed to an excellent tourist season in 2024, which had a direct and positive impact on the company's results. In addition to its core business, Tour Khalef holds stakes in several listed companies, including Attijari Bank, ICF, BIAT, as well as hotel companies Marhaba International Palace and Hôtel Salem.
Operational Performance
- Operating expenses: 38,729 Mtnd, up 25.4% year-over-year
- Operating result: 18,251 Mtnd, representing a significant increase of 39.5%
- Remuneration of intermediaries and fees: 5,454 Mtnd, highlighting the importance of tour operators in marketing offers
The company incurred financial expenses of 5,427 Mtnd, mainly related to medium- and long-term debt of 43,717 Mtnd.
Conclusion
Overall, the company presents a healthy financial situation, demonstrating that the tourism sector is not solely composed of struggling businesses. When there is a genuine financial commitment from shareholders, combined with rigorous management, the results can only be positive. This performance is a testament to the potential of the tourism sector, which can thrive with the right investment and management.
