2022-10-18-莱坊-Qatar_s_Hospitality_Ambition_2022_1页_407kb

Qatar Hotel Industry Summary

Core Content

Qatar's hotel industry is undergoing significant development as part of its broader National Tourism Sector Strategy 2030. The strategy aims to expand the tourism sector by investing a total of US$45 billion by 2030, focusing on increasing hotel room supply and enhancing the hospitality market's competitiveness in the Middle East.

Current and Future Hotel Room Supply Breakdown

The hotel room supply in Qatar is categorized by operator classification, with the following breakdown:

• 5-Star Hotels: Represent the highest-end segment of the market.
• 4-Star Hotels: Offer mid-range luxury and comfort.
• 3-Star and Below Hotels: Provide basic accommodation at more affordable prices.
• Serviced Apartments: Cater to business travelers and offer a mix of hotel and apartment-style living.

This classification helps in understanding the current market structure and future growth potential, as the industry is expected to see increased investments and developments across all categories.

Future Development Costs

The total development cost for expanding Qatar's tourism sector by 2030 is projected to be US$45 billion, with a significant portion allocated to the hospitality industry. This investment will support the construction of new hotels, upgrades to existing properties, and the development of serviced apartments.

Top 6 Hotel Operators in Qatar

Qatar's hospitality market is dominated by a few key operators, which include:

1. The Ritz-Carlton Doha
2. Al Rayyan Hotel
3. Qatar Airways Hotel, Doha
4. Jumeirah Group
5. Marriott International
6. Accor

These operators play a crucial role in shaping the market landscape and are expected to continue driving growth and innovation in the sector.

Hospitality Market Performance in the Middle East (2021)

In 2021, the hospitality market in the Middle East showed resilience and recovery, with Qatar being a notable player. The market's performance was influenced by the post-pandemic rebound in travel and tourism, as well as strategic investments in infrastructure and services.

Key Information

• The National Tourism Sector Strategy 2030 is a major driver for hotel development in Qatar.
• US$45 billion is the estimated total investment to be made in the tourism sector by 2030.
• The hotel room supply is segmented into 5-Star, 4-Star, 3-Star and below, and Serviced Apartments.
• Key hotel operators in Qatar include The Ritz-Carlton, Al Rayyan Hotel, Qatar Airways Hotel, Jumeirah Group, Marriott International, and Accor.
• The hospitality market in the Middle East, including Qatar, is expected to continue growing due to increased tourism and investment.

Contacts

For more detailed information or inquiries, you can contact the following experts from Knight Frank:

• Adam Stewart - Partner, Head of Qatar
  Email: Adam.Stewart@me.knightfrank.com
  Phone: +974 667 417 54

• Faisal Durrani - Partner, Head of Middle East Research
  Email: Faisal.Durrani@me.knightfrank.com
  Phone: +971 442 676 98

• Daniel Pugh - Partner, Head of Hospitality Valuation & Advisory
  Email: Daniel.Pugh@me.knightfrank.com
  Phone: +971 50 945 2635

• Stephen Flanagan - Partner, Head of Qatar Valuation & Advisory
  Email: Stephen.Flanagan@me.knightfrank.com
  Phone: +971 50 8133 402

• Turab Saleem - Partner, Head of Hospitality & Tourism
  Email: Turab.Saleem@me.knightfrank.com
  Phone: +966 548 373 819

• Amar Hussain - Senior Manager, Saudi Arabia
  Email: amar.hussain@me.knightfrank.com
  Phone: +966 55 2323 036

Important Notice

This report is for general information only and should not be relied upon for any specific decision. Knight Frank cannot accept responsibility or liability for any loss or damage resulting from the use of this information. Reproduction of this report is not allowed without prior written approval.