Beirut Boat Top Banner
Wednesday, March 21, 2018
Directory Directory Subscribe

As tourists stream into Qatar, hotels build more rooms


Please, enter data

Please, enter data

Qatar Tribune, 3 January 2018

Tribune News Network Doha In a sign of growing optimism in Qatar’s tourism industry, the hospitality sector is all set to add around 5,000 more hotel rooms this year to take the total tally to 31,000.
The figures, released by regional consulting firm ValuStrat, attest to the success of the government’s robust measures to boost the tourism revenue.
In August this year, the government allowed visa-free entries to nationalities from 80 countries and rolled out a host of outreach programmes to encourage tourist arrivals from countries such as China.
Giving the break-up of numbers, ValuStrat said the highest number of rooms will be added by the Minor Hotel Group, which is building two properties in Doha and one in Al Wakrah. The projects will be completed this year and add 350 more rooms.
Likewise, more rooms will be added by upcoming projects including the Salwa Resort (next to Aqua Park), Grand Mercure Hotel, Zulal Wellness Resort, Ezdan Palace, M Gallary Boutique Hotel, Panaroma Residences and Suites and Dusit Hotel and Suites.
The luxury waterpark and four-star hotel launched by Katara Hospitality in Qetaifan Island Lusail will be complete by 2020. On the residential market, the report said the supply projections for 2018 have been adjusted upwards to 8,800 units due to delayed deliveries from 2017. 
“Rents in Doha are expected to witness further corrections due to increasing number of project handovers,” the report added.
On office space, the report noted that increased availability in Lusail will continue to depress rental rates, unless there is an uptick in demand or a large number of users in secondary locations move to occupy offices in Lusail.
The report, quoting a World Bank projection, said the country’s population would grow to 2.69 million in 2018 and real GDP will grow by 3.1 percent. 
“Inflation rate is estimated to remain modest and current account deficit is expected to reduce on the back of increased hydrocarbon revenues, while oil prices are expected to increase to $56 per barrel,” the report said.
The 2018 budget, it said, has earmarked substantial amounts to projects related to the 2022 FIFA World Cup and areas such as food security, infrastructure, SMEs, tourism and free zones.
Qatar Tribune
Login to Add Your Comment  (for subscribers) | Subscribe


Latest News

Abu Dhabi Ports, Russia sign pact to bolster trade, attract investment to UAE free zones
The National, 21 March 2018

Abu Dhabi Ports signed a pact with Russia to strengthen trade ties and attract Russian companies to invest in the emirate’s free zones.

The ...

Read full story
Abu Dhabi Ports, Russia sign pact to bolster trade, attract investment to UAE free zones
Orascom Construction JV wins Dh661m Fujairah airport contract
The National, 19 March 2018

Orascom Construction and its UAE joint venture partner won the $180 million (Dh661m) Fujairah International Airport expansion contract as the Egyptian contractor ...

Read full story
Orascom Construction JV wins Dh661m Fujairah airport contract
$295 million for rapid transport
Business News, 19 March 2018

The World Bank has approved a $295 million package to overhaul the transport sector.

The Greater Beirut Public Transport Project (GBPTP) is ...

Read full story
$295 million for rapid transport
Dewa awards four substation construction deals worth Dh1.28bn
The National, 17 March 2018

Dubai Electricity & Water Authority (Dewa) awarded contracts to construct four substations with a combined value of Dh1.28 billion, as the state-owned firm ...

Read full story
Dewa awards four substation construction deals worth Dh1.28bn
Back to Home Page 2749 --- 0 <><><> 434.16666666667.....exvideo=0....eximage=0
P -1
BR 0

RetrofitTech Dubai

3rd Annual Mosque Design & Development Summit
1 - April 2018
4th Annual RetrofitTech Dubai Summit & Awards
10 - April 2018
The Annual Future Drainage & Stormwater Networks Abu Dhabi
2 - May 2018
Wet Infrastructure Summit
2 - May 2018
Future Civil Defense
7 - May 2018
  View more  

Market Indecies
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%

RetrofitTech Dubai

Quick Links
  Brochures & Flyers  

Up-coming events
  Project Qatar - 7 May - 10 May 2018  
  Qatar StoneTech - 7 May - 10 May 2018  
  Heavy Max - 7 May - 10 May 2018  
  Qatar Hospital Build - 7 May - 10 May 2018  
  Qatar School Build - 7 May - 10 May 2018  
  Qatar Sports Infrastructure - 7 May - 10 May 2018  
  Qatar Transport & Logistics - 7 May - 10 May 2018  
  Hospitality Qatar - 6 November - 8 November 2018  
IFP Group Events Calendar

Magazine sections
  Growth Markets  
  Regional Overview  
  Tips and Tricks  
  Home Finance  
  Our Meetings
  Legal Issues


IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Beirut Boat
Energy Lebanon
Project Lebanon
Heavy Max
Hospitality Qatar
Project Qatar
Qatar Hospital Build
Qatar School Build
Qatar Sports Infrastructure
Qatar StoneTech
Qatar Transport & Logistics
Iraq Agrofood Baghdad
Saudi Arabia
Riyadh Motor Show
IFP Group 2018 - © All rights reserved