Qatar’s hospitality sector to add 12250 more keys by year-end – The Peninsula

Qatar’s hospitality sector to add 12250 more keys by year-end – The Peninsula

Doha: Qatar’s hospitality sector has registered healthy growth in the first quarter (Q1) of the year as the country gears up to host the FIFA World Cup 2022 in just few months.

The hotel supply pipeline is expected to deliver over 12,000 more keys with the opening of many new hotels in the current year, according to the latest report released by ValuStrat, a real estate consultancy firm.

The report noted that 12,250 keys are in the pipeline for the remaining quarters of 2022. As per Qatar Tourism, hospitality stock was estimated at 29,386 units (21,689 hotel keys and 7,697 hotel apartments) at the end of 2021.

“The total supply of serviced and hotel apartments (including non-branded projects) is predicted to exceed 10,000 keys. Hampton by Hilton Doha Old Salata and Central Inn Al Sadd opened adding 500 keys to the total supply. Rabban Suites West Bay and Swiss Belhotel Doha were rebranded as Voco Doha West Bay Suites and AMT Mena, respectively,” as per first quarter real estate market report by ValuStrat research.

In terms of year-to-date (YTD) March 2022 hotel performance, total foreign arrivals included 315,831 visitors, expanding by a significant 691 percent as compared to the same period in 2021. Asia