Report: Qatar hotels in for busy 2015, but room rates to remain low
Hotels in Qatar look set to have a relatively successful year, with occupancy rates for the rest of 2015 forecast to be the highest among its Gulf rivals, according to a new report.
Despite the high demand, room prices are expected to remain among the lowest in the region for the remainder of this year and through 2016, consulting and accountancy firm PwC said.
In its second annual hotel report for the Middle East, “Accommodating growth,” PwC noted that occupancy rates for Qatar hotels grew by 13.6 percent in 2014 over the previous year to stand at 73.8 percent, compared to just 65 percent in 2013.
For 2015, it estimates that on average Doha hotels will be 77.9 percent full, showing a 5.5 percent increase on 2014.
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Source News: Doha News
Photo: Damon Mcdonald