Tag Archives: economic

Last year, the Travel & Tourism’s GDP contribution grew by 31% to reach a record-breaking QAR 81.2BN, representing 10.3% of Qatar’s total economic output, demonstrating the sector’s importance to the national economy. The sector also proved to be a vital source of employment, creating more than 20,300 new jobs, and raising the total to nearly 286,000 nationwide, representing one in every eight jobs across the country. The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed the Qatari Travel & Tourism sector reached new heights last year, with GDP contribution, jobs and domestic traveller spend all surpassing previous peaks. Domestic visitor spend was also stronger than ever to reach QAR 16.1BN Yet despite holding the FIFA World Cup in the previous year, spending by overseas visitors increased by nearly 40% year-on-year to reach QAR 60.4BN, it was still behind the previous peak by QAR 1.2BN. Looking to 2024 This year, Travel & Tourism is set to contribute an all-time high of QAR 90.8BN to the Qatari economy (11.3% of the total) and will support more than 334,500 jobs across the country (15.8% of the total workforce). Spending by international travellers is expected to increase significantly this year, with forecasts indicating a record spend of QAR 69.6BN this year, while domestic spend is projected to reach QAR 12BN This success is testament of the government’s commitment in prioritising collaboration between the public and private sectors to boost Qatar’s Travel & Tourism, creating diverse and immersive experiences for visitors. As part of these collaborative efforts, dedicated working groups across multiple industries have been established, with regular meetings planned to tackle challenges and leverage private sector expertise to drive Travel …

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