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In the run up to FIFA World Cup 2022, Qatar is opening 21 new hotels in Doha, due for completion in the next five years.
More than half of the new hotels are going to be five-star properties and nine will be four-star, The Peninsula reported. 80-85 percent of the current 77 hotels in Qatar are four or five-star.
According to the Ministry of Business and Trade, 45,000 additional hotel rooms will be built by 2017 to reach FIFA’s projected capacity requirement of 60,000 rooms.
Average occupancy rate for 2012 had fallen to 58 percent in comparison to 61 percent recorded over the same period in 2011, DTZ’s Property Times report (Qatar – Q3 2012) revealed. This reduction is primarily explained by the 32 percent increase in hotel supply recorded over the first three quarters of 2012.
A further 50 hotels are being planned before 2020, of which 80-85 percent will be rated either four or five-star. Qatar Tourism Authority (QTA) is planning to invest US$17 billion on tourism related infrastructure projects over the next five years.
It is so sad to see Kuwait deteriorate in this way...can it not learn for its neighboring countries such as UAE and Qatar. So what are the values that... more
Saturday, 18 May 2013 8:47 PM - MikeYes - you're missing something. There was already at least one loan on the property of $700m plus Kerzner's 50% stake of $250m and Istithmar's $250m stake... more
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Saturday, 18 May 2013 10:24 PM - HishamOh Come on ...guys, I wonder how come this news became the most commented news headline...this isn't a social issue at all, this is just a news about... more
Saturday, 18 May 2013 4:56 PM - BaijuIslam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graemeWorkers rights - there are none anywhere in the Gulf and I have been here over 20 years. You are still merely a 'temporary expatriate worker' whether ... more
Monday, 13 May 2013 9:40 AM - StevenOh Come on ...guys, I wonder how come this news became the most commented news headline...this isn't a social issue at all, this is just a news about... more
Saturday, 18 May 2013 4:56 PM - BaijuIslam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graeme
Who cares.......the most powerfull Arab is this NEWS
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