Azqira Holdings Inc.

A management consulting and software development company.

Who we are

Azqira Holdings is the consolidated entity of the Azqira group of companies founded in Dubai, United Arab Emirates. Azqira Holdings functions as a management consultancy and computer programming/software development and such related activities.

What do we do

Azqira Holdings is providing consultancy services  and creating a software platform for hotels to be connected to distributed online communities. Azqira has identified a niche market and is working with key stakeholders in the hospitality, blockchain and software development sectors to facilitate hotels improving operational efficiency and increased hotel interest and traffic.

Why do we do this

Blockchain Technology
The global blockchain technology market size was valued at USD 5.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030. The market growth can be attributed to the increasing venture capital funding in blockchain technology companies. The legalization of cryptocurrency encourages businesses and investors to invest more in blockchain technology. Furthermore, it also encourages the market players to make more efforts to improve their services to gain a competitive edge. These efforts made by the companies are expected to make blockchain technology more effective and efficient in the near future (source: Grand View Research, 2022).

Blockchain technology provides secured and efficient transactions, and this is driving the demand for the technology in financial services. The technology is expected to be widely adopted in this vertical owing to factors, such as rising cryptocurrencies, high compatibility with the industry ecosystem, rapid transactions, Initial Coin Offerings (ICOs), and reduced total cost of ownership. The healthcare segment is anticipated to grow at the fastest CAGR over the forecast period, followed by, Governmental, digital media; and retail sectors (source: Grand View Research, 2022).

The market is quickly recovering to the pre-pandemic levels and will demonstrate a steady growth between 2022 and 2028. According to the report published by Facts Factors, the global hospitality market size was worth around USD 3953 billion in 2021 and is predicted to grow to around USD 6716.3 billion by 2028 with a compound annual growth rate (CAGR) of roughly 10.24% between 2022 and 2028 (source: Facts Factors, 2022). Fortune Business Insights forecasts the global luxury hotel market size is projected to reach USD 238.49 billion by 2028, exhibiting a CAGR of 10.4% during the forecast period (source:Fortune Business Insights, 2022).

Hotels are however, experiencing difficulties with financing, even though the industry overall has moved significantly towards digitalisation due to COVID. As a result, Audit firm PwC reported “67 percent of the equity investors indicated tighter underwriting standards for new real estate projects”, “the availability of debt dwindled, and the large bid-ask spread prevailed” (source: PwC Emerging Trends report, 2022). Hospitality businesses which have survived the COVID-19 crisis are being forced to innovate (source: Strategic Management, May2022). Compounding the challenges hotel face is the current global rates of inflation, with inflation in Europe reaching a record 10.7% in October 2022 (source: NY Times, Oct 202Compounding the challenges hotel face is the current global rates of inflation, with inflation in Europe reaching a record 10.7% in October 2022 (source: NY Times, Oct 2022).

With the current platform and model which Azqira has developed, hotels are able to access the necessary funds to continue operations while minimising the impacts of inflation on traditional banking.