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FINANCIAL NEWS
Doha hotel face oversupply risk
08 Dec 2013
(MENAFN) Colliers International reported that Doha hotels face the risk of oversupply as the FIFA World Cup 2022 approaches, Arabian Business reported.
A report by Colliers said: “The announced forthcoming supply of hotels primarily consists of luxury/upscale properties, widening the existing gap in the market for midscale and economy hotels.”
Corporate tourism is the main driver for hotel demand in Doha, which makes up for 65 percent of the total demand in the country, while meetings, incentives, conferences, and exhibitions (MICE) is the second largest segment with eight percent.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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