Travel & Tourism - Qatar | Statista Market Forecast

In 2024, the projected revenue in Qatar's Travel & Tourism market is US$1.17bn.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.97%, which will result in a projected market volume of US$1.35bn by 2029.
The largest market in Qatar's Travel & Tourism market is the Hotels market, with a projected market volume of US$526.20m in 2024.
By 2029, the number of users in the Hotels sector is expected to reach 1.59m users.
In 2024, the user penetration rate is 72.4%, which is expected to increase to 85.7% by 2029.
The average revenue per user (ARPU) is expected to be US$589.30.
By 2029, 86% of the total revenue in Qatar's Travel & Tourism market will be generated through online sales.
In global comparison, United States is expected to generate the most revenue in 2024, with a projected revenue of US$214bn.
Qatar's tourism industry is rapidly growing, with a focus on luxury experiences and cultural attractions to attract high-end travelers.

Definition:

The Travel & Tourism market encompasses a diverse range of accommodation services catering to the needs and preferences of travelers. This dynamic market includes package holidays, hotel accommodations, private vacation rentals, camping experiences, and cruises.

Structure:

The market consists of five further markets.

The Cruises market covers multi-day vacation trips on a cruise ship. The Cruises market encompasses exclusively passenger ticket revenues.
The Vacation Rentals market comprises of private accommodation bookings which includes private holiday homes and houses as well as short-term rental of private rooms or flats.
The Hotels market includes stays in hotels and professionally run guest houses.
The Package Holidays market comprises of travel deals that normally contain travel and accommodation sold for one price, although optional further provisions can be included such as catering and tourist services.
The Camping market includes bookings at camping sites for pitches using tents, campervans, or trailers. These can be associated with big chains or privately managed campsites.

Additional Information:

The main performance indicators of the Travel & Tourism market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. Users represent the aggregated number of guests. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

Prominent players in this sector include online travel agencies (OTAs) like Expedia and Opodo, as well as tour operators such as TUI. Specialized platforms like Hotels.com, Booking.com, and Airbnb facilitate the online booking of hotels and private accommodations, contributing significantly to the market's vibrancy.

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Bookings directly via the website of the service provider, travel agencies, online travel agencies (OTAs) or telephone

Business trips
Other forms of trips (e.g. excursions, etc.)

The Travel & 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.

Customer preferences: Travelers in Qatar are increasingly seeking unique and authentic experiences, leading to a rise in demand for luxury travel options, cultural tours, and eco-friendly accommodations. Tourists are also showing a preference for personalized services and seamless digital booking platforms to enhance their overall travel experience.

Trends in the market: One notable trend in the Qatari travel market is the focus on sustainable tourism practices, with a growing number of eco-friendly hotels and tour operators catering to environmentally conscious travelers. Additionally, there has been an increase in medical tourism in Qatar, with top-notch healthcare facilities attracting visitors seeking specialized medical treatments.

Local special circumstances: Qatar's strategic location as a gateway between East and West, along with its world-class infrastructure and hospitality services, has positioned the country as a desirable destination for both leisure and business travelers. The government's investments in tourism infrastructure, such as the development of museums, cultural sites, and entertainment venues, have further enhanced Qatar's appeal as a tourist destination.

Underlying macroeconomic factors: The steady economic growth and diversification efforts in Qatar have played a crucial role in driving the expansion of the travel and tourism sector. The country's hosting of major international events, such as the FIFA World Cup 2022, has also boosted tourism growth and investment in the hospitality industry. Additionally, Qatar's visa facilitation measures and efforts to promote tourism have contributed to the overall development of the travel market in the country.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of hotels, vacation rentals, cruises, package holidays, and camping.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, the Global Consumer Survey, third-party studies and reports, data from industry associations (e.g., UNWTO), and price data of major players in respective markets. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as country-related GDP, demographic data (e.g., population), tourism spending, consumer spending, internet penetration, and device penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, and exponential trend smoothing methods are applied. A k-means cluster analysis allows for the estimation of similar countries. The main drivers are tourism GDP per capita and respective price indices.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

Business or corporate travel is the tourism segment that focuses on people who travel for work or professional purposes and the related tourism services. This branch also includes the meetings industry, which refers to business events, conferences, congresses, trade fairs, and exhibitions. According to the World Travel and Tourism Council (WTTC), business travel accounted for 20 percent of the global tourism expenditure in 2021. In that year, it was estimated that business travelers spent more than 740 billion U.S. dollars worldwide, with Chinese tourists topping the ranking of the biggest business travel spenders.