Qatar's Ambitious Plans: Over 40 Malls and 300 Hotels by 2027 to Bolster the Retail and Restaurant Industry, but What's Next? : Ken Research

Qatar's Ambitious Plans: Over 40 Malls and 300 Hotels by 2027 to Bolster the Retail and Restaurant Industry, but What's Next? : Ken Research

The Hotels & Restaurants Market in Qatar is highly fragmented with highly competitive rivalry among the competitors. Some of the popular restaurants like Asha's, Ipanema, Bandar Aden compete on the basis of menu prices, average sitting capacity, Waiting Time, and many more.

1.Exploring Qatar's Key Catchment Areas: How West Bay, Al Wakrah, Al Khor, Masaieed, Umm Salal Ali, and Umm Salal Mohammed are Vital for the Hotel Industry.

• Opening of more than 50 hotels in the country in 2022 led to the establishment of 70+ fine dining restaurants, 90% of which are located in the hotels like Al Hubara, Iksha 360.
• Qatar has unveiled a 6,000-cabin fan village in an isolated lot near its airports, an offering for housing toward the lower end for the FIFA World Cup.
• Also, temporary hotels have been added in the country with the partnership of MSC cruises for Peosia and Europa which docked at Doha port to supplement hotel demand in the country.

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2. Qatar's Hotel Room Count to Surpass 50,000 by 2027: A Booming Hospitality Industry Fueled by New Developments and Investments.

• The Hotel Rooms in Qatar is expected to reach to over 50K in 2027 due to influx of visitors in the country.
• It is expected that over 10% of the hotel keys will be 3 star and over 2% will be 1 or 2 Star in 2027.
• The luxury segment could present the greatest opportunity to transform Qatar's appeal to a wider audience.
• Restoration of diplomatic ties between KSA and Qatar in 2021 to contribute in boosting tourist arrivals, positively impacting the hotel industry.

3. Qatar's Mall Rental Occupancy Hits 95.5% in 2022: New Malls to Flourish in Doha Province in the Coming Years.

• During the last 3 years, F&B markets have favored "less onerous" rents and more occupants have increased in the sector due to the high demand of food delivery.
• Occupancy rates in Qatar's retail sector have fallen during 2017 and 2021 as new supply has come to the market.
• With an average footfall of 1.5 Mn per month, The Mall of Qatar offers 500 retail, dining, and café options.
• Outside of the main retail malls, high street showrooms, local convenience retail, & F&B destinations are typically available to lease for between QAR 90 & QAR 150 per sqm per month.

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Qatar Retail Restaurant and Hotel Market Segmentation

By Type of Restaurant
• Fine Dining
• Desert Parlous and Beverages
• QSR and Chains
• Cafeteria and Cafes
• Casual Dining

By Franchise & Non-Franchise
• Franchised Outlets
• Non- Franchised Outlets

By Type of Outlets
• Standalone
• Hotel Based
• Mall Based

By Hotel Stars
• 5 Star
• 4 Star
• 3 Star
• 1 or 2 Star
• Apartments

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
• Restaurants and Hotel Chains
• Food Aggregators
• Catering Companies
• Real Estate Companies
• Potential Market Entrants

Time Period Captured in the Report
• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027

Major Players Mentioned in the Report
• Spice Market
• Nusr Et
• Hakkasan
• Three Sixty
• Al Hubara
• Bandar Aden
• Damascas One
• Paper Moon
• Chef's Garden
• Burj Al Hamam
• Cheesecake Factory
• Roti and Boti
• Morimoto
• Paper Moon Doha and more

For More Insights On Market Intelligence, Refer To The Link Below: -
https://www.kenresearch.com/industry-reports/qatar-retail-restaurant-market

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.Our Solutions are driven by qualitative and quantitative evaluation of markets across diverse Sectors and Geographies. We assist clients in their objectives related to market entry, product pricing, Product-fit evaluation, competition benchmarking, forecasting business planning and financial planning.

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