Qatar tourism and real-estate expansion not slowing down despite blockade

5 years ago
by Juergen T Steinmetz

There may be a blockade against Qatar set up by their neighbors, but it doesn’t mean this oil-rich country isn’t growing.

Qatar Airways is doing well, tourism is growing and at least seven hotels and five malls are due to open in Qatar next year. The year 2019 is also expected to deliver an estimated 10,000 residential units.

The new hotel developments are Al Messila Resort, Dusit Doha, Mandarin Hotel, Zulal Wellness Resort, M Gallery Boutique Hotel, Panorama Residences and Suites; and Plaza Rayhaan. The mid-market hotel segment might continue to show improvement in occupancy in 2019.

Place Vendome, Boulevard Mall, Doha Mall, La Plage Mall and Marina Mall are among other malls expected to open next year.

Of the total residential units projected to deliver in 2019, 75 percent of the supply is expected to launch in Lusail and The Pearl -Qatar.

Qatar’s two free zones — Umm Al Houl and Ras Bufantas are expected to start receiving foreign and local investors.

Qatar’s real GDP is projected to grow by 3.1 percent. InfThe inflation is estimated to remain modest and cura rent account surplus is expected to reach QR4.3bn.

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Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1979), beginning as a travel agent up through today as a publisher of eTurboNews (eTN), one of the world’s most influential and most-read travel and tourism publications. He is also Chairman of ICTP. His experiences include working and collaborating with various national tourism offices and non-governmental organizations, as well as private and non-profit organizations, and in planning, implementing, and quality control of a range of travel and tourism-related activities and programs, including tourism policies and legislation. His major strengths include a vast knowledge of travel and tourism from the point of view of a successful private enterprise owner, superb networking skills, strong leadership, excellent communication skills, strong team player, attention to detail, dutiful respect for compliance in all regulated environments, and advisory skills in both political and non-political arenas with respect to tourism programs, policies, and legislation. He has a thorough knowledge of current industry practices and trends and is a computer and Internet junkie.

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