HOTEL INDUSTRY IN QATAR

INTRODUCTION TO HOTEL INDUSTRY IN QATAR

Hospitality Qatar is the country's only and longest-running International Hospitality and HORECA Trade Show.

The event in Qatar is the only one of its kind to have the backing of the key players in the nation, including Qatar Tourism and Qatar Airways, and it brings together all of the major buyer groups from the market, including governmental organisations, private investors, and project owners. 

For buyers in the hospitality industry, the event has evolved over time into a one-stop shop where they can source all of their needs and submit their procurement orders. Providing consumers with a satisfying experience is the aim of the hospitality sector.

Making sure each individual guest is looked after is crucial, whether that enjoyment comes from a satisfying dinner, unwinding in a posh spa, or having a good night's sleep while travelling.

HOTEL INDUSTRY IN QATARSIZE AND FORECAST

The Hotel Industry in Qatar accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

HOTEL INDUSTRY IN QATAR MARKET DYNAMICS

Qatar Announces Plans To Open More Than 100 New Buildings As the nation prepares to host the FIFA World Cup Qatar. Qatar is adding 105 new hotels and hotel flats to its already sizable inventory of assets.

As Qatar Tourism works to make the nation a premier vacation destination, the new hotels will increase Qatar's appeal to a variety of tourists and improve the guest experience.

The Banyan Tree Doha, a five-star luxury hotel with exquisite interior design by famous interior designer Jacques Garcia, is one fascinating new hotel that has recently opened.

The JW Marriott West Bay, with a striking and towering facade, the Pullman Doha West Bay, a five-star Accor property, and the Steigenberger Hotel, known for its upscale hospitality, are just a few of the new hotels set to debut this year. With approximately 32,000 room keys across 184 properties, each of these new hotels adds a special feature or experience to Qatar's portfolio.

HOTEL INDUSTRY IN QATAR RECENT DEVELOPMENT AND INNOVATION

By adding 3,900 cabins to the two opulent cruise ships that are currently berthed off its coast, with a third on the way, Qatar will momentarily increase its hotel capacity. Upcoming year, the number of hotel keys in Qatar could increase by 89 percent to over 56,000. 

The estimated cost of the proposed hotel room supply delivery is SR26.3 billion ($7 billion). Qatar anticipates receiving about 7 million tourists, with the industry estimated to contribute 12% of the country's GNP.

 Doha is buzzing with anticipation as the FIFA World Cup approaches, but the country's hospitality industry has only just begun. With approximately 27,000 hotel keys still awaiting delivery, Qatar's hotel selection will significantly change.

As the number of tourists and visitors to Qatar increased, hotels there noticed an increase in their yearly income. Revenue per available room for hotels and hotel apartments in five-star hotels was QR337 as opposed to QR280, a rise of 20.35 percent annually.

 During the evaluation period, it reached QR137 for four-star hotels, QR139 for three-star hotels, QR143 for two-star hotels, and QR139 for one-star hotels. Standard and premium hotel apartments brought in QR133 and QR203, respectively, in revenue. 

On an annual and monthly basis, the total revenue per available room was QR247 as opposed to QR233 and QR200. Standard and premium hotel flats' average nightly rates increased to QR242 and QR380, respectively.

In terms of greatest occupancy rate, five-star hotels witnessed the biggest increase with a 57 percent increase. The two- and one-star hotels saw an increase in occupancy of 87 percent, which was the highest rate.

 The overall occupancy rate for hotels and hotel apartments in Qatar was 57 percent, with occupancy rates of three-star hotels reaching 72 percent and four-star hotels reaching 54 percent during the review period. 

By continuing to host events that are well-known around the world, investing in hospitality services, and diversifying into more niche tourism business.

With the FIFA World Cup kicking off, asa result of this "mega event," fans from all over the world are expected to travel to the Middle East to watch a football game (or several). This is good news for Qatar's hotel business. 

Years of planning have gone into Qatar's preparation for this time, including expanding the market's hotel supply. With more than 3,000 additional rooms added to the total supply over the past few months, inventory growth has continued right up until the last minute. 

Although that increase in hotel supply is not unusual for a World Cup host country, there are numerous things that make the World Cup in Qatar special. Arrivals must have at least one match ticket in order to enter Qatar during the group stage, which is a significant distinction.

HOTEL INDUSTRY IN QATAR MARKET TRENDS

New hotels are debuting in Qatar.

The St Regis Marsa Arabia Island, The Pearl Qatar

This soon-to-open St Regis hotel in Qatar is one to take into consideration if you want island views and a dash of luxury. The St. Regis Marsa Arabia Island, The Pearl Qatar, which spans an entire island, will welcome visitors. Visitors who reserve a stay here may anticipate the superior quality of care for which St Regis is renowned, including the brand's distinctive butler service.

The spacious hotel offers 193 rooms and suites, many of which have balconies that overlook the ocean. The resort's distinctive architecture was influenced by Andalusian and Arabesque styles.

The hotel's 10 dining options will include the Turkish contemporary restaurant Nar, Italian fine-dining at Roberto's, and Japanese-Peruvian fusion at Chotto Matte.

It is designed as a luxury getaway that is perfect for visitors looking for a sophisticated stay in Qatar. Additionally, there are numerous outdoor swimming pools, a cutting-edge fitness center, and the first Clinique La Prairie Medical Spa in the area.

Bin Al Sheikh Residences by Rotana

The Bin Al Sheikh Residences by Rotana in the city's West Bay neighborhood can be an excellent choice for visitors looking for a home away from home while in Qatar for the world cup.There are 158 studio flats, 278 one-bedroom apartments, and 62 two-bedroom apartments in the homes.

Families will love the five three-bedroom penthouses, which have stunning views of the metropolitan skyline. The self-catering accommodations are fully furnished, and guests can take advantage of the kids' play area, exercise center, and roomy outdoor pool. Within walking distance are a movie theater, an ice rink, and international shopping alternatives.

The Chedi Katara Hotel & Resort

The Chedi Katara, Qatar's premier location for art, culture, and food. It is situated in Doha's Katara Cultural Village. It is intended to be a hallmark of Mughal architecture in the capital of Qatar and was inspired by the opulent historical palaces seen all across India. It contains 59 rooms and 32 villas.

 The hotel has Chedi's distinctive qualities of delivering peace and tranquillity, and all rooms have calming views of the nearby waterways. It has a private beach on one side and a canal on the other.

The all-day dining The Restaurant, The Beach Club, and Marsa Katara, which is located on its own location on a pier and is accessible through a jetty ride over the sea, are among the hotel's five on-site restaurants and bars. The theaters, concert halls, exhibition halls, mosques, restaurants, and parks in the hamlet are all conveniently close to this hotel.

Riviera Rayhaan by Rotana

All of the rooms at the hotel offer peaceful views of the adjacent canals, which is one of Chedi's particular traits of giving serenity and tranquility. It has a canal on one side and a private beach on the other.

The 24-hour dining The hotel's five on-site eateries and bars include The Restaurant, The Beach Club, and Marsa Katara, which is situated on its own pier and can be reached through a jetty ride over the water. This motel is ideally adjacent to the hamlet's theaters, concert halls, exposition halls, mosques, restaurants, and parks.

Rixos Qetaifan Island North Doha

The second new Rixos hotel is situated on Qetaifan Island, which is becoming known as Qatar's adventure destination. The Rixos Qetaifan Island North Doha will have a lot to offer guests of all ages, including the fully supervised Rixy Kids Club for young children and a private sports club where visitors will have access to professional trainers and cutting-edge equipment for CrossFit, TRX, spinning classes, and more.

A variety of therapies, including a traditional Turkish hammam, are available at the relaxing NatureLife spa. The exhilarating 85-meter-tall Icon Tower waterside, billed as the biggest in the world, is located in the adventure water park with a Qatari theme. 

Football lovers can also attend the island's specially created Qetai-Fan Beach Fest. It will be open every day of the tournament and feature football-themed activities, as well as food and drink options, entertainment, live music, and more.