Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Qatar

Multi-billion dollar tourism investment in Qatar

byCT Report
07/03/2017
in Qatar
Share on FacebookShare on Twitter

DOHA: In the years leading up to the 2022 FIFA World Cup, Qatar plans to almost double tourism income as visitor numbers grow.

By 2026, the tourism sector’s contribution is predicted to reach QAR81.2bn ($22bn) or 7.3% of GDP, up from QAR48.5bn ($13bn) in 2015, according to the Qatar Tourism Authority (QTA), The National reported.

You might also like

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2019-05-29 19:46:10Z |  |

QNB’s brand value rises nearly 20% year-on-year to $6.03 billion in 2020

04/02/2020
Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2020-01-22 21:10:27Z |  |

Institute of Internal Auditors hold workshop on ‘systems thinking’

23/01/2020

In 2015 the sector comprised 2.2% of the country’s total spending, which is expected to rise by 8.6% per year to 2026. By 2026, leisure spending is expected to reach QAR44.9bn ($12.3bn) while business travel spending is expected to rise to QAR17.5bn ($4.8bn) in 2026.

As Qatar works towards its 2030 goal to welcome 10 million visitors a year and generate $17.8bn in tourism earnings, it is experiential travel that is driving tourism growth, the main theme of the Arabian Travel Market 2017 (ATM 2017).

Research released ahead of ATM 2017, Qatar is planning to generate 5.2% of its GDP through tourism over the coming years, generating 98,000 jobs while handling an inventory of 63,000 hotel rooms.

In addition, under the national tourism sector strategy 2030, Qatar is set to invest up to $45bn in new developments which include earmarking $2.3bn for 2022 World Cup facilities and $6.9bn for transport infrastructure and associated projects.

Simon Press, the ATM senior exhibition director outlined that Qatar’s national 2030 tourism sector strategy will gradually increase tourism numbers over the coming decade, “with the first milestone of four million visitors a year by 2020, well on track” he added.

“The government, hotel operators, airlines and other stakeholders are now beginning to see a return on their investment into the country’s tourism sector,” he commented.

According to the QTA, within the region, Qatar is among the fastest-growing destinations in terms of visitor arrivals, averaging growth of 11.5% over the past five years. The authority recorded arrivals of 2.18 million visitors in the first nine months of 2016, including more than one million GCC nationals in the figure.

In 2016, Qatar’s Hamad International Airport (HIA) witnessed an increase in passenger traffic of 20%, handling about 37.3 million passengers, which equates to a rise of 7.3 million from the previous year, partly attributed to Qatar Airways’ addition of 14 new destinations last year.

Related Stories

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2019-05-29 19:46:10Z |  |

QNB’s brand value rises nearly 20% year-on-year to $6.03 billion in 2020

byadmin
04/02/2020

QNB’s brand value has risen nearly 20% year-on-year to $6.03bn in 2020, putting it in a strong position to continue...

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2020-01-22 21:10:27Z |  |

Institute of Internal Auditors hold workshop on ‘systems thinking’

byadmin
23/01/2020

The Institute of the Internal Auditors (IIA), Doha Chapter, conducted a workshop on “Systems thinking: The power of data-driven organisation”...

Qatar-Turkey trade reaches QR5.69bn during first nine months of 2019

byadmin
14/01/2020

The Qatar-Turkey bilateral economic cooperation is expected to continue maintaining robust growth in 2020 and beyond. Bilateral trade volume between...

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2019-12-29 22:17:05Z |  |

Nine Qatari projects nominated for information society summit prizes

byadmin
30/12/2019

Nine Qatari projects have been nominated to the third phase of the ninth edition of the World Summit on Information...

Next Post

Rise in Chaharmahal non-oil exports

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.