The State of Qatar will spend $45 billion to expand the tourism sector by 2030 as part of the National Tourism Sector Strategy 2030, making it the fastest growing market in the region. Qatar could see its hospitality market grow by 89% to over 56,000 hotel keys by 2025, with the delivery of the planned hotel room supply forecast to cost approximately $7 billion. As a result, Qatar's hospitality market is booming, with HORECA and F&B sectors expected to reach a value of $13.6 billion by 2026, creating numerous opportunities for suppliers in the hospitality industry.
That is not all. Tourism is expected to contribute 12% of Qatar’s global domestic product, or $55 billion, and the country hopes to receive close to 7 million tourists by 2030. With nearly 27,000 hotel keys waiting to be delivered in the next three years, Qatar’s hotel offering will undergo a huge transformation by 2025.