Investing in a hotel apartment complex project in Qatar represents an investment opportunity in 2022. Qatar is currently keen to attract foreign investment and strengthen the national economy, as part of its Vision 2030, which aims to encourage non-oil investments.
What is a hotel apartment complex project?
The hotel complex project comprises a number of residential units divided into various areas, featuring the finest finishes and state-of-the-art equipment: a central air-conditioning system, water temperature control systems, central fire-fighting systems, and internal internet. A number of service amenities, such as a laundry and steam ironing service, a staff responsible for regular cleaning, and many other services are provided by the hotel apartment complex to ensure an acceptable level of comfort for guests.
The number of hotel rooms in Qatar is approximately 23,297, and the growth rate of these hotel rooms is increasing at a rate of 3% annually, indicating that the number of hotel rooms in Qatar is expected to rise to 29,146 rooms by 2027.
Number of hotel beds: 35,788 beds.
_ Total number of hotel guests: 3,835,039 guests (2,166,100 of Arab nationalities, 1,668,939 of foreign nationalities).
Number of tourist nights: 4,049,330 nights.
In 2020, hotel business revenues reached QAR 3.6 billion.
The total contribution of the global tourism sector reached approximately US$9.2 trillion, up from an estimated US$7.6 trillion in 2016. This means that the contribution of tourism projects worldwide is increasing by approximately 10.4%, indicating a growing global tourism services market in the coming years.
It’s worth noting that the sector accounts for 10.6% of all jobs (334 million jobs), and that global spending on leisure travel is estimated at approximately $2.37 trillion. It’s worth noting that the sector is growing steadily, creating one in four new jobs worldwide.
For more details on the latest economic sector indicators and investment opportunities in Qatar, as well as the most prominent funding agencies supporting successful investment projects in Qatar, you can contact the investor services team at Mashroo3k Consulting.
