Qatar is on track to surpass 42,000 hotel rooms by the end of 2025, according to a recent report by ValuStrat Qatar.
The current hospitality stock in Qatar, estimated at 39,715 keys, comprises 74 percent hotel rooms and 36 percent hotel and serviced apartments.
The report projects that this number will rise to 42,200 keys by the end of 2025.
Approximately 5,000 new keys are expected to be added during 2024 and 2025, with 67 percent of the current hospitality stock classified within the 4 to 5-star segments and 7 percent within the 1 to 3-star divisions.
Notable recent openings include Millennium Place, a 3-star hotel with 150 keys, Rixos Premium Qetaifan Island North with 378 rooms, and Riviera Rayhaan along Salwa Road with 185 keys.
In addition to the above projects, Qatar Airways has launched a luxury desert resort in Ras Abrouq in collaboration with Our Habitas.
This resort features 42 villas, offering a range of one to four-bedroom accommodations.
The report also highlighted developments in the retail sector. Retail stock grew to approximately 2.5 million square meters in the first quarter of 2024, with the addition of Doha Mall, Crystal Walkway, and Velero Mall.
During this period, City Centre Doha introduced a new Gold Souq Square, featuring 20 new outlets, and City Hypermarket, a Kuwait-based retailer, opened its first store in Qatar on Al Salwa Road, covering 13,000 square meters.
Furthermore, the report said, Brands for Less inaugurated its sixth store in Doha, spanning 600 square meters in the Mall of Qatar.
For a detailed perspective on the property market, visit: Qatar - Real Estate Review Q1 2024
