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Qatar's travel industry projected to touch US$7.7 billion in 2014
 

• Online travel market  exceeded an estimated US$944 million in 2012
• Amadeus co-sponsors PhoCusWright report on ‘Assessing the Online Travel Opportunity: The Middle East'

Doha, Qatar, 14 April, 2013: Qatar's travel market is expected to grow steadily from US$5.4 billion in 2012 to US$7.7 billion in 2014, signifying a healthy economy backed by the government's focus on investing in tourism development, a new research released by Global Travel Market Research firm PhoCusWright has revealed.

Titled ‘Assessing The Online Travel Opportunity: The Middle East', the report is co-sponsored by Amadeus, a leading technology partner and transaction processor for the global travel and tourism industry. A comprehensive assessment of the travel and tourism industry in the Middle East, the research particularly focuses on the growth and potential of the online travel segment across markets including Qatar, Saudi Arabia, the UAE and  Egypt.

According to projections by PhoCusWright, the online travel market in Qatar will see a significant boost, rising from US$944 million in 2012 to an estimated US$1.6 billion in 2014, owning 9.9 per cent  of the Middle Eastern online market share.

Wafiq al Wahidi, General Manager, Amadeus Qatar, said: “The figures are indicative of the strong growth potential of the overall travel and tourism sector in Qatar. Undoubtedly, the sector will see further advancement on the back of ambitious development plans by the government to transform Qatar's travel industry.

“Heavy investments are being allocated to transportation, travel accommodation, infrastructure and other tourism‐related sectors. Further, the FIFA 2022 World Cup is set to boost Qatar's travel industry, which is channeling billions of dollars into significant infrastructure developments that will support demand before and during event.”

The report cited that while internet penetration in Qatar stands at 82 per cent, mobile penetration is among the highest in the world at 182 per cent and smartphone penetration is at 75 per cent, online shopping is still considerably low. However, it will to grow steadily, driven by government initiatives, retailer investment and, most importantly, a savvy, young population open to trying new technologies..

It was further revealed that gross bookings made by Online Travel Agencies (OTAs) are expected to rise from US$342 million in 2012 to US$548 million in 2014.

With Qatar Airways dominating the market and in close competition with regional giants Emirates and Etihad, PhoCusWright anticipates that gross bookings made by the airline sector in Qatar will increase from US$4.6 billion in 2012 to US$6.8 in 2014.

Qatar has been identified as having the smallest lodging infrastructure in the region. In fact, gross bookings made in the sector dipped from US$808 million in 2011 to US$749 million in 2012. However, it is projected that bookings will increase to US$878 million in 2014.

Further, with online shopping across the Arab world booming, growing numbers of car renters in Qatar are expected to turn to the internet for domestic and worldwide bookings and several car rental operators in Qatar have launched new websites along with simplified versions for mobile phone users. As a result, gross bookings made in the car rental space are seeing a steady increase and are expected to touch US$50.7 million in 2014.


Posted by : Dubai PR Network Editorial Team
Viewed 12420 times
PR Category : Technology
Posted on : Sunday, April 14, 2013  3:03:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
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