Hospitality sector registers growth in occupancy, revenues – The Peninsula

Hospitality sector registers growth in occupancy, revenues – The Peninsula

Doha: Hotels in Qatar registered a solid growth in their annual revenues in November 2022 as the country saw a rise in visitors and guests to the country. The hospitality sector in the country witnessed a surge in demand fuelled by the FIFA World Cup Qatar 2022.

According to official data released by the Planning and Statistics Authority (PSA), the hotel and hotel apartments' revenue per available room for five-star hotels stood at QR1,374 in November 2022, compared to QR428 in November 2021 showing a surge of 221 percent.

In case of four-star hotels, it jumped to QR613 in November last year against QR202 in the same month in 2021; QR483 in three star and QR335 in two and one star hotels in the review period.

The overall revenue per available room reached QR1,031 in November 2022 compared to 312 showing a rise of 230 percent on a yearly basis.

The average room rate for deluxe and standard hotel apartments rose to QR1,513 and QR764 respectively in November.

The average room rate for five-star hotels showed an increase of QR2,610 and for four star hotels it rose to QR1,057. The overall hotel and hotel apartment average room rate was QR1,827 in November 2022, against QR447