Qatar’s hospitality sector is slated to see more than two dozens of luxury hotels and should contribute nine percent of the total future supply of hotel rooms within the Gulf region, according to research by the Al Asmakh Real Estate Development Company (Aredc).
It is estimated that approximately 29 high end hotels are scheduled to be built in Doha and the adjoining areas of Al Rayyan, Um Salal, and Al Wakrah.
These hotels are likely to deliver approximately 8,300 new keys, which is 58 percent of existing rooms available within the luxury segment, according to a report by the Gulf Times newspaper.
Aredc also added that Qatar ranked third place within the Gulf Cooperation Council countries in terms of future rooms supply and the country’s hospitality market would be stable with the average daily rate across all segments at $235 and revenue per available room at $150.
“The overall scenario in hospitality market within Qatar is stable. Seasonal changes and upcoming public holidays may impact occupancies in next quarter. Nevertheless, this depreciation would be periodic and will sustain for a limited time,” said Aredc.