DOHA: Qatar hospitality market is expected to grow by 10 percent during the last quarter of this year, compared with same period of the previous year.
The development rate is attributed to a number of factors according to an expert.
Factors like the economic growth of the country and the growth of gross domestic product also boosted the hospitality sector’s growth, which in turn attracted several international companies to work in infrastructure projects, and other services sectors. Moreover, the country is positioning itself as a major tourist, business and lifestyle destination, and an ideal venue for international expositions, conferences, sporting championships and other high-profile events.
Doha hospitality market is one of the vibrant and lucrative sectors and is developing significantly in line with international hospitality standards, said Kevork Daldalian, the Director General of Orex Rotana.
He added that growing rates of hotel occupation are result of rewarding work contacts to several companies to work in the local market, particularly in infrastructure and construction projects where all these companies began to attract more employees and this reflected in the increasing demand on the hospitality sector, and other services.
Hospitality projects in particular are increasing at an accelerated pace as the country plans to build tens of thousands of new hotel rooms for the 2022 FIFA World Cup.
The Peninsula
