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Qatar’s travel and tourism sector to contribute QR90.8bn to economy in 2024

Qatar’s travel and tourism sector to contribute QR90.8bn to economy in 2024

The Peninsula
Monday, May 13, 2024 05:29:44 AM UTC

Doha, Qatar: The World Travel Tourism Council s (WTTC) 2024 Economic Impact Research (EIR) has forecast that the Qatar Travel and Tourism sector wil...

Doha, Qatar: The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has forecast that the Qatar Travel and Tourism sector will contribute QR90.8bn to the country’s economy, representing 11.3% of the total, and will provide more than 334,500 jobs across the country, which is 15.8% of the total workforce.

In 2023 the Gross domestic product (GDP) contribution of the travel and tourism sector grew by 31% to reach a record-breaking QR81.2bn, representing 10.3% of Qatar’s total economic output. This growth underscores the sector’s significance to the national economy.

The sector also serves as an important source of employment, creating over 20,300 new jobs last year, bringing the total to nearly 286,000 nationwide.

“Spending by international travellers is expected to increase significantly this year, with forecasts indicating a record spend of QR69.6bn this year, while domestic spending is projected to reach QR12bn,” the report said.

WTTC President and CEO, Julia Simpson, said: “Qatar’s Travel and Tourism sector is poised to break all records this year, highlighting its significance as a leading destination in the Middle East. The government’s efforts and emphasis in collaboration will propel Qatar’s Travel and Tourism growth, setting the stage to play a crucial role in the national economic landscape, promising a future defined by prosperity and opportunity.”

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