GCC tourism to leap on sport events in Qatar

      Published on Wednesday, 7 November , 2018      161 Views     
GCC tourism to leap on sport events in Qatar

  • Gulf News

Three major sport events that Qatar is hosting — World Athletics Championships in 2019, FIFA World Cup 2022 and the World Aquatics Championships (2023) are expected to generate significant demand for the GCC tourism and hospitality industry, a new report has shown.



Qatar is expected to witness highest revenue growth in five years up to 2022 on account of significant investment activities in the tourism and hospitality sector for the upcoming FIFA World Cup 2022 event,

which is expected to attract over 1.5mn tourist arrivals, Alpen Capital has said in a recent report.

The country is witnessing an increase in hotel supply on account of FIFA World Cup 2022, the report noted. Qatar’s hotel supply stood at 22,461 hotel rooms and 2,706 service apartments in 2017. Qatar is expected to have a hotel supply of 46,000 rooms by 2022, Alpen Capital said.

Qatar National Tourism Strategy 2030 aims to increase the tourism spending up to QR40bn and tourism’s contribution to 4% of the country’s GDP in 2023 from 2.3% in 2016.

Qatar hospitality market is expected to grow at a CAGR of 12.1% (2017-2022) to $1.4bn by 2022. Its hotel sector is dominated (70%) by 4-star and 5-star hotels.

International tourist visits are expected to grow at a 5-year compound annual growth rate (CAGR) of 5% to 2.9mn, whereas the hotel supply is expected to grow at a 5-year CAGR of 12.8% to 46,000 hotel rooms. 

Average daily rate (ADR) is expected to grow at a 5-year CAGR of 0.5% to $164 until 2022, whereas the Revenue per available room (RevPAR) is expected to decline at a 5-year CAGR of 0.4% to $91 by 2022.

In 2017, Qatar had witnessed a decline in international tourist arrivals on account of the blockade.

However, Qatar is considering it as an opportunity to become self-reliant, and also preparing to host FIFA World Cup 2022. Qatar is required to have 60,000 hotel rooms by 2022 as per FIFA guidelines. Qatar National Tourism Sector Strategy 2030 targets 5.6mn international tourist arrivals by 2023.

Qatar has the highest share in business spending in the GCC region on account of the country’s efforts to promote Qatar as a leading destination for business meetings, events and exhibitions. 

Qatar’s business events segment contributed 5.3% to the country’s non-hydrocarbons GDP in 2016.

Qatar saw an increase in travel and tourism spending by 4.41% to $14.2bn in 2017.



Leisure tourism increased by 8.66% to $8,583.9mn whereas business spending declined by 1.7% to $5,637mn.

Keywords:
Category Gulf News | 2018/11/07 latest update at 1:30 AM
Source : Gulf Times | Photocredit : Google
162 Views
Comments Add comment



Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


Iran’s Rouhani Says Boosting Ties With Qatar A Priority Emir

Iran’s Rouhani Says Boosting Ties With Qatar A Priority

Iranian President Hassan Rouhani described enhancement of relations with neighbors, Qatar in particular, as an indispensable part of…

Amir performs Eid Al Fitr prayer; receives well-wishers Emir

Amir performs Eid Al Fitr prayer; receives well-wishers

HH the Amir Sheikh Tamim bin Hamad Al-Thani performed Tuesday morning Eid Al Fitr prayer with citizens at…

Amir receives written message from Saudi King Emir

Amir receives written message from Saudi King

Amir H H Sheikh Tamim bin Hamad Al Thani has received a written message from the Custodian of…

Amir visits Baladna farm Emir

Amir visits Baladna farm

The Amir H H Sheikh Tamim bin Hamad Al Thani visited Baladna farm yesterday. His Highness was briefed…

GULF TV

Popular in GULF TV

About DFI

18574 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News