In the wake of the successful 2022 FIFA World Cup, Qatar’s hospitality sector is making headlines in the Knight Frank 2023 summer report. Indeed, the report delved into the expanding hotel room supply, marking a robust trend post World Cup.
According to the Knight Frank 2023 summer report, the tourism sector in Qatar continues to flourish.
There has been a remarkable 206 percent increase in visitor numbers, totaling 1.77 million for the first five months of 2023, compared to the same period last year (STR). Moreover, several events, including the vibrant festivities presented as part of Qatar Tourism’s “Feel Winter in Qatar” campaign and world-class sporting events such as TotalEnergies Open and ExxonMobil Open, have contributed to the surge in tourism arrivals.
The report also highlighted a continuous rise in hotel room supply. Over 1,230 keys were added during the first six months of 2023. This follows an exceptional increase in room numbers in 2022. Around 7,265 keys were delivered, bringing the total hotel inventory in the country to 38,750 rooms.
Despite the increased visitor arrivals, the report acknowledged a nuanced aspect of the market. The average occupancy rate slightly decreased from 58 percent to 53 percent over the first six months of the year, suggesting that the market is adjusting dynamically to the increased capacity, reflecting the post-event landscape in its evolving hospitality sector.
Click here for the full report.