Hotels in the local market recorded their highest occupancy rate in December, with occupancy reaching 78.5%, up 8.5%, ADR of QAR 489.03, and RevPAR of QAR 384.02. The highest occupancy levels were reached on December 1, 2024, at 91.9%, the last night of the Grand Prix, bringing ADR and RevPAR levels to QAR 619.18 and QAR 568.95 respectively. Hotel occupancy at the end of last month saw peak ADR and RevPAR at QAR 663.56 and QAR 606.98 respectively. Qatar hosted the 2024 FIFA Confederations Cup on December 18, resulting in occupancy of 80.8%, ADR of QAR 488.89, and RevPAR of QAR 394.91. Occupancy remained above 70% throughout the month. It is worth noting that the local hospitality sector witnessed a significant boom in the second quarter of the year with the opening of several hotels and the arrival of tourists. According to a study conducted by ValuStrat, hotel occupancy rates across Qatar increased by 29 percent compared to the period of growth in hotel occupancy rates. According to Qatar Tourism data, the total hospitality inventory is estimated at 39,915, of which, 66 percent of the total inventory consists of 4-5 star hotels, while 8 percent is classified within the 3-4 star segment.
For a detailed perspective on the property market, visit: Qatar - Review 2024 - Outlook 2025
