Qatar witnesses tourism sector expansion

28/05/23

Qatar has witnessed huge growth in the hotel real estate sector, which has added over 700 hotel rooms to the market in the first quarter of this year.

The total supply of hotel rooms in March 2023 reached 38,500, which reflects an increase of more than 30% over 15 months. This follows the huge surge of new rooms in 2022, when over 7,000 hotel keys were delivered.

The sector has maintained momentum following the success of the FIFA World Cup and has reaped rewards from the associated tourism infrastructure projects.

In associated news, recent air transport statistics released by the Qatar Civil Aviation Authority (QCAA) recorded a significant upturn in tourists arrivals, which increased by 31% in April 2023. The country recorded a total of 3.28 million air passengers compared to 2.5 million during the same period in 2022.

This is an increase on the March figures, which recorded a monthly increase of 11.3% compared to February 2023. In total, Qatar welcomed 730,000 visitors in January and February 2023, marking a huge upturn of 347% from the previous year.

Visitors from Gulf Cooperation Council (GCC) countries contributed significantly to the strong growth. GCC countries made up 38% of the total arrivals as the number of visitors stood at 164,410 in April 2023, against 21,900 in the same month last year, reflecting a surge of 207%. The State aims to increase annual visitor numbers to six million by 2030 .

Business Start Up Qatar offers a network of experts and specialists within the lifecycle of a business. We can offer expertise in Market Research and Assessment Qatar, Qatar Business Case, Qatar Business Model Development, Feasibility Study and Business Plan Qatar, Organizational and Operational Structuring Qatar, Qatar Sponsorship and Partnership, Company Formation Qatar among others.

Please click on the link to learn more about opportunities and possibilities in the State of Qatar as well as the initiatives of Business Start Up Qatar.

Other News

BSUQ News 21 - Thumb

Qatar Business Map launched by Ministry Commerce & Industry

Qatar`s Ministry of Commerce and Industry (MoCI) recently launched the Qatar Business Map portal to support the private sector and empower entrepreneurs.

As a result, The Qatar Business Map portal...

Read more
BSUQ News 20 - Thumb

Qatar successfully boosts security of essential food items

Qatar has achieved self sufficiency in almost 100% supply of essential food items in line with the governments strategic policy launched at the turn of the century.

Economic disruption since the global...

Read more
BSUQ News 19 - Thumb

Qatar`s StartUp Grind Chapter Examines Role of AI

Qatar`s Startup Grind Doha chapter recently organised an event entitled ‘Unveiling the Future: Empowering Qatar’s Startups with AI’.

The meet up brought together startup founders, investors, academia...

Read more
BSUQ News 18 - Thumb

Qatar’s upcoming events expected to boost economy

Qatar’s vibrant tourism sector has assembled a line up of world class events expected to strengthen the market and boost the economy. The line up will feature real estate, construction, technology, hospitality,...

Read more
BSUQ News 17 - Thumb

Qatar’s free zones offer unlimited opportunities

Qatar Free Zone Authority (QFZA) established its free zones programme in 2018 and currently two facilities are fully operational. The four square kilometre...

Read more
BSUQ News 16 - Thumb

Qatar’s healthcare market ripe for foreign investment

Qatar`s healthcare sector is looking to atract foreign investment in the rapidly growing GCC market according to the Investment Promotion Agency Qatar (IPA Qatar).

In its recent report the IPA Qatar...

Read more
BSUQ News 15 - Thumb

QFTH selects 21 startups to join Wave 5

Qatar FinTech Hub (QFTH) recently announced its selected fintech startups to join Wave 5 of its Incubator and Accelerator Programme. The series was inititated in 2020 by Qatar Development Bank (QDB)...

Read more
BSUQ News 14 - Thumb

Qatar Financial Centre: An introduction to tax regulations

This introductory guide will illustrate relevant tax regulations for entrepreneurs and investors intending to obtain a licence from the Qatar Financial Centre (QFC).

When selecting a licensing platform...

Read more

Page Break