Qatar hotel pipeline for 2022 estimated at 13,300 keys: Alpen Capital


* Hotel room supply in the country has grown at “the fastest” pace in the GCC, growing at a CAGR of 10.1% between 2016 and 2021, Alpen Capital noted

Qatar’s hotel portfolio for 2022 has been estimated at 13,300 keys with 80% of planned supply designated in a four- or five-star hotel category, according to researcher Alpen Capital.
Hotel room supply in the country has grown at “the fastest” pace in the GCC, with a CAGR of 10.1% between 2016 and 2021, Alpen Capital said in its “GCC Hospitality Report 2022”.
The total number of rooms in the country is estimated to have reached 37,085 in 2021, registering an addition of 11,918 rooms since 2016.
Qatar has shown resilience despite the difficult economic conditions and added around 10,243 hotel rooms in 2020 and 2021 alone. In 2021, the country accounted for 4.5% of the total hotel rooms in the GCC.
Several megaprojects are currently in the works as the country prepares to host the 2022 FIFA World Cup, which is expected to attract 1.2 million tourists from around the world.
In a bid to accommodate the 1.2 million tourists expected for the 2022 FIFA World Cup, Qatar has developed several innovative temporary accommodations such as exclusive fan villages, desert campsites, as well as staycations private homes and rooms on cruise liners.
To cope with the influx of visitors, Qatar has aggressively scaled up the hotel industry by adding 105 new hotels to its portfolio of properties and several innovative temporary accommodations, including 16 floating hotels with a total capacity of nearly 1 600 rooms and another 50 new hotels are expected to open in late 2022.
“After the World Cup, the strong increase in supply should put downward pressure on occupancy rates; however, the high profile provided by the hosting of the tournament, the development of major tourism infrastructure, the lifting of the blockade and the global resumption of travel should all support the growth prospects of the tourism sector in Qatar.
“In addition to hosting the 2022 FIFA World Cup, Qatar is also vying to host a variety of business forums and conferences as it seeks to establish itself as a business hub in the world. CCG,” Alpen Capital noted.
Qatar, the researcher noted, has seen significant growth in tourism activity, especially since the embargo was lifted. It recorded a 17.5% year-on-year growth in international tourist arrivals in 2019 amid increased business and leisure events.
Additionally, it hosted several events in the lead up to the 2022 FIFA World Cup, helping the industry recover from 2020 lows. around 71.0% in 2021 – the highest. among the GCC nations.

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