Is it Time to Invest in Tourism and Hospitality in Iran?

Peter Varga | July 11, 2018

By Dr. Peter Varga Consider this: Iran, the cradle of the ancient Persian Empire, has great potential for tourism and hospitality but the development of these sectors in the country has been far from linear and that remains the case today, mainly due to geopolitics. Following the Islamic Revolution of 1979, tourists gave the country a wide berth. Then came the nuclear deal of 2015, signed by Iran and the US, UK, France, China, Russia and Germany. This promised to open up new opportunities for tourism and hospitality among other sectors, as UN, US and EU sanctions were to be lifted in return for Iran curbing its nuclear activities. Howev...