Qatar hospitality scores big; hotel rooms to rise 89% by 2023

Sun, 2022-11-06 02:08

RIYADH: Qatar’s hospitality market could grow by 89 percent to over 56,000 hotel keys by 2025. The planned hotel room supply delivery is expected to cost around SR26.3 billion ($7 billion), according to global real estate consultant Knight Frank.

That is not all. Tourism is expected to contribute 12 percent of Qatar’s global domestic product, or $55 billion, and the country hopes to receive close to 7 million tourists by 2030, according to Adam Stewart, head of Qatar for the consultancy firm.

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