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Doha's hotel occupancy rate at an all time high

Hotel consulting group STR Global Research has released their hotel industry results for June 2013 which show Doha’s hotel occupancy rates rose by nearly 27 percent, the largest increase of any country in the Middle East and Africa. The report also highlighted Doha as one of the best performing markets for revenue per available room with a 23.5 percent increase to $119.52.

Qatar Tourism Authority (QTA) recently released figures illustrating Qatar’s growing tourism which show that despite a 4.5 percent increase in hotel rooms available, QTA’s second quarter (April – June 2013) showed hotel occupancy rates rise from 58 percent to 67 percent. Furthermore, the total number of four and five star hotels increased by $42.8 million with a 20 percent increase in revenue at five star hotels.

His Excellency Issa bin Mohammed Al Mohannadi, Chairman of QTA, commented, “The fact that the city of Doha topped the list of Middle East and Africa for gains in hotel occupancy reflects the success of QTA’s strategy to develop the tourism sector. The high level of demand reflects positively on the products and services of the tourism sector in Qatar, which is witnessing rapid growth.”

“This result marks the direction of the Qatari tourism and hospitality sector, with Qatar moving toward a more diverse economy the tourism industry is also rising in tandem. We see a bright future for Qatar as a tourist destination,” Al Mohannadi added. In the past year, a number of international hotel brands have opened new properties in Doha including the Intercontinental Hilton and the St. Regis, plus with many more in development, this demonstrates Qatar’s growing appeal to global investors as a lucrative and long-term market.

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