Doha: Qatar’s tourism industry is rapidly growing with a focus on luxury experiences and cultural attractions to attract high-end travellers. The country’s revenue from the travel and tourism market in 2024 is projected at $1,168m (QR4,262.366m), according to the latest updates from Statista, a global data and business intelligence platform.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.95%, which will result in a projected market volume of $1,351m (QR4,930.185m) by 2029.
The largest component in Qatar’s travel and tourism sector is the hotels market, with a projected market volume of $526.2m (QR1,919.524m) in 2024, it said.
“By 2029, the number of users in the hotels sector is expected to reach 1,589,000. In 2024, the user penetration rate is 72.4%, which is expected to grow to 85.
7% by 2029. The average revenue per user (ARPU) is expected to be $589.30 (QR2,149.
429),” as per the Statista projections. “By 2029, 86% of the total revenue in Qatar’s travel and tourism market will be generated through online sales. In global comparison, the United States is expected to generate the most revenue in 2024, with a projected revenue of $214bn.
” The travel and tourism market in Qatar has been experiencing significant growth in recent years, driven by various factors that have contributed to the development of the industry in the country. “Travellers in Qatar are increasingly seeking unique and authentic experiences, leading to a rise in demand fo.