Qatar will have more than 53,000 hotel rooms by 2028, according to Knight Frank research.
Qatar’s hospitality sector is experiencing substantial growth and is poised to achieve a total room supply of 53,400 by 2028, including both ongoing construction and planned developments, said the global real estate consultancy.
It is expected that more than 14,000 new hotel rooms will be made available within five years.
Qatar hotel rooms
Faisal Durrani, Partner – Head of Research, MENA, said: “Qatar’s global appeal continues to edge upwards, with visitor numbers climbing 167 per cent in the first seven months of the year to 2.5 million, helping to boost average occupancy levels to 54 per cent.
“Clearly this is helping to instil confidence in hotel developers and operators who are planning to add a further 14,400 keys to the city’s inventory in the next five years.”
Leading this growth are Qatar’s top six hotel operators, at the forefront is Marriott International, with an existing inventory of 5,430 rooms and plans to add 2,544 more, solidifying its position as a hospitality powerhouse in the region.
Hyatt Hotels Corporation is set to enhance its offerings with an additional 312 rooms, augmenting its existing supply of 927 rooms.
Similarly, Rotana Hotels is in line to introduce 643 new rooms alongside their existing 858 rooms.
IHG Hotels & Resorts and Hilton Worldwide are also contributing significantly, with existing room counts of 2,469 and 2,590, respectively, and forthcoming expansions of 660 and 962 rooms.
Accor, with an existing supply of 2,663 rooms, is also amid a substantial expansion, adding 1,454 more rooms to their portfolio.
Delving further into Qatar’s hospitality landscape, the nation currently boasts 39,000 existing keys, with a notable 58 per cent affiliated with international hotel brands.
Luxury, upper-upscale, and upscale hotels account for 74 per cent of the existing supply, underlining Qatar’s commitment to providing top-tier accommodations.
This segment of the market looks set to expand further to 78 per cent by 2028, with more budget friendly hotels retaining a smaller share of the market at just 22 per cent.
Adam Stewart, Head of Qatar at Knight Frank, said: “2022 witnessed the introduction of 7,265 new keys, and the growth trend has continued into 2023, with an additional 1,230 keys added in the first six months.
“This rapid expansion coupled with a 167 per cent increase in visitor numbers, reaching a staggering 2.5 million arrivals during the initial seven months of 2023, is testament to Qatar’s rising prominence as a sought-after travel destination.”
Looking ahead, Qatar’s dedication to offering luxury accommodation is set to persist, with 90 per cent of the upcoming supply falling within the luxury, upper-upscale, or upscale categories, according to STR data cited by Knight Frank.
Examining visitor arrivals by region for the year-to-date 2023, Qatar’s global appeal is evident.
The Gulf Cooperation Council (GCC) leads the visitor’s influx with 804,239 arrivals, followed by Europe with 478,780 visitors, and Asia and Oceania with 460,092 guests.
Other Arab Countries contributed 148,109 visitors, while the Americas and Africa accounted for 129,582 and 33,550 arrivals, during H1.
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