There are growing concerns about accommodation prices and availability in the country.
Hotels in Qatar are expected to add around 5,000 rooms before the start of the 2022 FIFA World Cup, according to a report by property consultancy Cushman & Wakefield.
The number of hotel rooms and serviced apartments is expected to rise to 45,000 ahead of the World Cup with this additional development.
Cushman & Wakefield also predicted a considerable increase in tourism from international markets over the next five years in its report. Part is also attributed to the return of the Saudi tourist market. As supply increases, strong growth in tourist numbers will be needed to maintain occupancy rates and revenues.
“It is expected that 5,000 new hotel keys will be completed before the FIFA World Cup in November. This new supply, combined with the existing hotel supply and serviced apartments, will provide approximately 37,000 keys, or 45 000 rooms,” says the “Q1 Real Estate Market Review” report.
According to data from the Planning and Statistics Authority, hotels of all classifications, from five stars to two and one stars, have seen their occupancy rates and revenue per available room increase.
At the end of last year, there were around 30,000 hotel rooms available. Even after the World Cup, the hospitality industry will continue to grow. The overall supply of hotel rooms is expected to reach 50,000 by 2026, according to the estimate.
“The supply of hotel rooms in Qatar reached 29,386 at the end of 2021, reflecting a compound average growth rate of 6% per year since 2015. ‘hotel is expected to reach 50,000,’ notes the report.
Hotels are expected to perform better in the future as the number of tourists visiting Qatar will increase in the coming months as the country approaches hosting the FIFA World Cup. This will help the country’s tourism economy to revive.
Qatar’s hotel and apartment sectors have performed well, with an overall occupancy rate of 56% in February 2022.
Last year, the hospitality industry remained robust. In 2021 alone, approximately 1,980 room keys were added from eight hotel properties. In the fourth quarter of 2021, the Steigenberger Hotel Doha with 206 rooms and the Zulal Wellness Resort with 180 rooms were inaugurated.
Accommodation issues for the World Cup
Qatar has created an online accommodation platform that has about 80% of hotel inventory for World Cup fans. The organizers have confirmed that when visitors book a hotel using the designated site, they can rest assured that their request will be met and no false price gouging will occur.
Fans will be able to choose from two- to five-star hotel rooms, apartments, villas, luxury cruise ships and desert camps through the accommodation portal.
MSC Cruises has agreed to lease two cruise liners to Qatar during the World Cup.
The cruise liners, which will be berthed at the Port of Doha and used as floating hotels, will have a total capacity of 4,000 cabins and offer spectators a spectacular view of the West Bay cityscape. Chartering cruise liners is seen as a sustainable option that Qatar has been considering for some time as part of its World Cup accommodation strategy.
The Gulf State has also committed to providing 60,000 rooms and villas with Accor, Europe’s leading hotel operator, throughout the tournament.
World Cup organizers have promised fans that the event will be “as affordable as possible for everyone”, FIFA World Cup Qatar 2022 CEO Nasser Al-Khater noted in a statement. interview with SunSport.
The cost of staying in some apartments is around $80 per night, while buying a room in a luxury floating hotel with restaurants and leisure activities costs around $180 per night.
FIFA organizers have also set a limit on the room fees that hotels can charge fans. The price of a three-star hotel is capped at around $120.