Hotel occupancy rates rise by 29% in second quarter
The Peninsula
Doha, Qatar: Qatar s hospitality industry witnessed a boom in the second quarter of the year with the opening of numerous hotel keys and the arrival o...
Doha, Qatar: Qatar’s hospitality industry witnessed a boom in the second quarter of the year with the opening of numerous hotel keys and the arrival of tourists. According to a study by ValuStrat, the occupancy rates in hotels across the country surged 29 percent compared to the same period in 2023 and remained steady at 69 percent.
From April to June this year, the Average Daily Rate (ADR) amounted to QR454, an increase of 7 percent Y-o-Y. In the meantime, the Revenue Per Available Room (RevPAR) reached QR312, up of 38 percent per annum.
However, the ADR for 5-star hotels stood at QR630, while the ADR for 3 and 4-star hotels amounted to QR215 and QR263, respectively.
Outlining the reasons for the market boost, Anum Hassan, Head of Research, Qatar at ValuStrat stated that Tourist arrivals increased by 26 percent year-on-year, contributing to a 38 percent annual rise in RevPAR. In addition to the leisure growth, the government also launched the Simaisma Project, a key new cultural landmark.
The launch of the project was introduced by the Ministry of Municipality & Environment, showcasing a mega entertainment district spanning 8 million sq m. The QR20bn project led by Qatari Diar also features luxury resorts, an amusement park, residential villas, a yacht club, a marina, a golf course, restaurants, shops, and many more.
