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International tourist arrivals in Qatar expected to reach 2.9 million by 2022

By 2022, international tourist arrivals in Qatar have been forecast to touch 2.9 million.

By the end of this year, the country will have 1.75mn international tourist arrivals. Travel and tourism spending in Qatar has witnessed 4.5% increase to $14.2bn in 2017. Leisure tourism increased by 8.66% to $8.6 billion.

Between 2015 and 2017, the travel and tourism spending registered an 11.7% compound annual growth rate (CAGR). Qatar has the highest share in business spending in the GCC region on account of the country’s efforts to promote Qatar as a leading destination for business meetings, events and exhibitions. Qatar is witnessing an increase in hotel supply since it would host FIFA World Cup 2022, which is expected to attract over a million visitors to the country.

Qatar’s hotel supply stood at 22,461 hotel rooms and 2,706 service apartments in 2017. Qatar is expected to have a hotel supply of 46,000 rooms by 2022. Its hotel sector is dominated (70%) by 4-star and 5-star hotels.

International tourist visits are expected to grow at a 5-year CAGR of 5% to 2.9 million, whereas hotel supply is expected to grow at a 5-year CAGR of 12.8% to 46,000 hotel rooms.

Qatar needs 60,000 hotel rooms by 2022 as per FIFA guidelines. By 2021, Qatar is scheduled to open some 21 new hotels consisting mainly five star and four star hotels.

Besides FIFA World Cup 2022, Qatar is expected to host the World championships in Athletics in 2019 along with the World Aquatics Championships in 2023.

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