Hospitality sector poised for steady gains
The Peninsula
Doha: Qatar s hospitality sector is showing strong momentum as the country experiences a surge in tourism. With visitor numbers on the rise and a l...
Doha: Qatar’s hospitality sector is showing strong momentum as the country experiences a surge in tourism.
With visitor numbers on the rise and a limited pipeline of new hotel developments, industry analysts expect occupancy rates and revenue metrics to strengthen in the coming months.
A recent study by Cushman & Wakefield revealed that the combination of growing demand and controlled supply positions the market for steady gains throughout the year.
Overall hotel capacity expanded to 41,240 rooms by June, with new additions including the Andaz in West Bay and the Rosewood in Lusail Marina, as per Qatar Tourism’s latest data.
Within the sector, 1 to 3 star hotels recorded the highest occupancy at 82.9 percent, likely due to limited supply in comparison to four and five-star hotels.
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