23 Jan 2011
(MENAFN) Ahmed Abdullah Al Nuaimi, Chairman of the Qatar Tourism Authority (QTA), revealed that during 2010, revenue for four and five start hotels in the country hit $639 million, up from $570 million, year on year, registering a 12 percent climb, Arabian Business reported.
According to Al Nuaimi, the mentioned rise was attributed to a surge in occupancy rates, up from approximately 50 percent in 2009 to around 60 percent in 2010, whereas the number of luxury hotel rooms in the gas-rich emirate increased from 6,819 rooms to 7,422 rooms, a rise of 9 percent.
Official QTA data showed that the Opec member is expected to build 140 hotels as part of its $50 billion plan to overhaul infrastructure in time for the 2020 FIFA World Cup. The increase in the number of rooms to 90,000, will result in an investment of around $17 billion over the next five years.
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