CBRE releases its Qatar Real Estate Market Review Q3 2022
Doha – December 8, 2022 – Amidst the increasing global recession fears, Qatar’s economic outlook remains positive bolstered by the increasing level of gas output along with the FIFA World Cup tournament, which will positively influence the overall economy and lead to higher spending.
Looking at the hospitality sector, substantial improvements in Qatar’s selected KPIs have been witnessed in the year to date to October 2022, compared to 2019. Whilst the average occupancy rate dropped by 8.4 percentage points, the ADR has registered an increase of 14.7%