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100 more hotels to come up in Qatar in three years: Al Asmakh.

Tribune News Network Doha Around 100 hotels will come up in Qatar in the next three years, adding up to 21,000 rooms to the domestic hospitality sector, a leading real estate report has said. The new hotels will be of three-, four- or five-star categories, the report issued by Al Asmakh Real Estate Development Company said. "Qatar has been able to maintain its position as a major destination for major construction companies and leading real estate developers as the government continues to invest heavily in major development projects including investment in tourism infrastructure projects under the supervision of Qatar Tourism Authority (QTA)," the report said. Qatar currently has more than 115 hotels, with more than 20,600 rooms, the report said, adding that the new hotels will take the number available rooms in Qatar to approximately 41,700, representing a growth of 102 percent. There are around 12,500 five-star hotel rooms now. By 2030, their number would have made an 80-percent leap to 22,500, the report said. The period will also see a 32.5-percent increase in four-star rooms to around 11,500 and a 30-percent jump in three-star rooms to around 6,500, it added. According to Al Asmakh, Qatar plans to invest about $200 billion in the future to develop infrastructure and implement its development projects, especially those associated with hosting the 2022 FIFA World Cup. The report said the volume of investments will give a huge boost to the hospitality sector. Several international hotel brands have announced multi-million-riyal plans for opening new hotels in Qatar, the report said.

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Publication:Qatar Tribune (Doha, Qatar)
Geographic Code:7QATA
Date:Mar 11, 2018
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