Qatar sees massive visitor boost, hotel occupancy falls – Arabian Business

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Qatar’s tourism sector continues to experience substantial growth, with a reported 143 per cent increase in visitor numbers during the initial nine months of 2023, reaching 2.8 million compared to the same period last year

Knight Frank reported key tourism trends as part of its Qatar Real Estate Market Review for Autumn 2023.

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Despite the increased influx of tourists, hotel performance indicators faced challenges in 2023.

Qatar tourism data

The average ADR decreased by 3.4 per cent, while average occupancy declined by 5.4 per cent, resulting in an 8.6 per cent decrease in RevPAR, primarily due to a significant surge in hotel supply during 2022 and the first nine months of 2023.

Faisal Durrani, Partner – Head of Research, MENA, said: “The overwhelming success of the 2022 FIFA World Cup put Qatar in the global limelight and the benefits are slowly starting to crystalise, especially for the tourism market.

“During 2022, 7,200 keys were added to Qatar’s hotel inventory, with a further 1,200 rooms being added this year.

“This takes the total supply to just over 40,000 keys. Critically, occupancy levels for the first nine months of 2022 have averaged 54 per cent.

“Not only is this down on the 57 per cent average recorded over the same period last year, but Qatar is the only GCC nation register a decline in occupancy levels between 2022 and 2023, highlighting the challenge for developers eager to plan for the coming visitor boom”.

Turab Saleem, Partner – Head of Hospitality, Tourism and Leisure Advisory, said: “Developers and hotel operators have a fine balance to achieve between maintaining high occupancy levels and not stifling the market with extra supply.

“Partnering with the government to understand its growth targets and ensuring the correct hospitality, entertainment and entertainment infrastructure is in place will help to deliver more sustainable growth in the long term, just as we have seen play out in other major markets across the Middle East, including Riyadh and Dubai.”

The revenue projections for the travel and tourism market paint a positive picture, expected to reach $510m in 2023.

The sector is anticipated to demonstrate an annual growth rate (CAGR 2023–2027) of 11.5 per cent, solidifying Qatar’s position as a dynamic player in the regional tourism landscape.

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