Latest news with #QR1.9bn
Zawya
08-04-2025
- Business
- Zawya
Qatar's hotel market poised for significant growth, revenue to reach nearly $549mln in 2025
Doha, Qatar: Qatar's hotel market is positioning itself as a leader in the hospitality industry by not only offering world-class accommodations but also aligning with the growing global trend toward sustainable travel. The market is poised for significant growth, with projections indicating a surge in hotel revenue to $536.67m (QR1.9bn) by the year-end, as reported by Statista. Analysts indicate that this is part of a larger upward trend that is expected to continue throughout the decade, as the market is anticipated to grow at a compound annual growth rate (CAGR) of 3.22 percent from 2025 to 2029. By 2029, Qatar's hotel market is forecasted to reach a market volume of $609.19m (QR2.2bn). The data notes that this remarkable expansion is a direct result of Qatar's increasing prominence as a global tourism destination, driven by both its booming economy and its investments in infrastructure ahead of major international events such as the 2022 FIFA World Cup. A key factor behind this market growth is the rising number of users in Qatar's hotel sector. By 2029, the number of users in the market is expected to reach 1.23 million, a significant increase from the 35.5 percent user penetration rate in 2025. This penetration is expected to rise to 43.2 percent by 2029, reflecting the growing appeal of Qatar's hotel offerings. Statista states that with an average revenue per user (ARPU) expected to be $548.85 (QR1.9bn), the market's expanding user base will contribute heavily to its financial performance. The data mentions that this trend within hospitality points to the dominance of online sales, which is expected to account for 87 percent of the total revenue in the hotel market by 2029. As more tourists turn to digital platforms for booking their stays, hotel operators are enhancing their online presence and streamlining the booking process to meet the growing demand for convenience and accessibility. This shift towards online transactions is likely to be fueled by advances in technology, such as mobile apps and AI-driven platforms, which are reshaping the way consumers interact with the hotel industry. Statista indicates that Qatar's hotels are adapting to this changing landscape by focusing on luxury, innovation, and sustainability, making the country a desirable destination for high-end tourists. New developments emphasise eco-friendly practices, advanced technology, and unparalleled luxury services to attract affluent visitors. In comparison to other markets, such as the United States, which is expected to generate $115bn (QR418.71bn) in hotel revenue in 2025, Qatar's relatively smaller market is showing impressive growth. Qatar's unique blend of luxury and sustainability continues to set it apart, ensuring it remains an attractive destination for both leisure and business travelers. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
10-02-2025
- Business
- Zawya
Qatar Chamber explores trade ties with Australian state of Victoria
Qatar Chamber board member Mohammed bin Ahmed al-Obaidli and Gonul Serbest, Commissioner for Victoria to Europe, the Middle East, Turkiye, and Africa, discussing trade and investment in the presence of Shane Flanagan, Australia's ambassador to Qatar. Qatar Chamber has discussed trade and economic co-operation with the Australian state of Victoria during a meeting between board member Mohammed bin Ahmed al-Obaidli and Gonul Serbest, Commissioner for Victoria to Europe, the Middle East, Turkiye, and Africa. The meeting, which was also attended by Shane Flanagan, Australia's ambassador to Qatar, focused on the economic sectors in which both sides aim to enhance co-operation, the potential for forming business alliances between Qatari and Australian companies, as well as the investment climate and available opportunities in both countries. Serbest lauded the strong trade and economic relations between Australia and Qatar, highlighting the mutual interest in strengthening these ties, particularly between the private sectors of both countries. She also referred to the Memorandum of Understanding signed between the Qatar and Australia chambers of commerce in May, which opens up wide avenues for co-operation. Al-Obaidli commended the strong bilateral relations between Qatar and Australia, emphasising Qatar Chamber's interest in fostering genuine business partnerships between the two countries. He said Qatar imports a variety of food products from Australia amounting to approximately QR1.9bn in 2024, while the total trade exchange between the two countries reached QR2.6bn, underscoring Australia's significance as a key trade partner for Qatar. Al-Obaidli reaffirmed Qatar Chamber's readiness to assist Australian companies seeking to enter the Qatari market by providing information on the investment climate, incentives offered to foreign investors, and key target sectors such as technology, food security, and services. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
