Qatar Tourism Forecast: QAR 90.8bn Boost Expected in 2024
- Publish date: Saturday، 11 May 2024
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Qatar anticipates a significant windfall of QAR 90.8 billion in tourism revenue this year, marking a substantial contribution to the nation's economy.
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This follows a record-breaking period for tourism, with the sector expected to provide employment opportunities for over 334,500 individuals, representing 15.8% of the total workforce. International traveler spending is anticipated to surge, with tourists contributing QAR 69.6 billion, while domestic travelers are expected to spend QAR 12 billion.
A report by the World Travel & Tourism Council (WTTC) outlines the promising projections for Qatar's Travel and Tourism sector, highlighting its pivotal role in economic growth and job creation.
The WTTC report underscores the remarkable achievements of Qatar's travel and tourism sector in 2023, with notable increases in GDP contribution, job creation, and domestic traveler spending. The sector saw a 31% surge in GDP contribution, reaching a historic high of QAR 81.2 billion, while over 20,300 new tourism jobs were created, totaling nearly 286,000. Despite hosting the 2022 FIFA World Cup and witnessing a significant rise in international visitor spending, the report notes a slight shortfall compared to previous peaks.
Julia Simpson, President and CEO of WTTC, emphasized the government's concerted efforts to drive Qatar's Travel and Tourism growth through collaboration and strategic initiatives. Looking ahead, the sector is poised to play an instrumental role in Qatar's economic landscape, fostering prosperity and opportunity for years to come.
By 2034, the global tourism industry is projected to further amplify its GDP contribution, signaling continued growth and development for Qatar's economy.