Katara Hospitality plans to establish about 60 hotels in Qatar by 2030. This was revealed by Katara Hospitality Chairman HE Sheikh Nawaf bin Jassim bin Jabor al-Thani. He was speaking Wednesday on the occasion of the 50th anniversary Katara Hospitality. Established in 1970, Katara Hospitality was formerly known as Qatar National Hotels.
Sheikh Nawaf said that Katara Hospitality now has 42 hotels and more than 25,000 rooms, up from about 4,000 in the year 2000, terming it a huge progressive rate in the company's development, and stressing that it will continue expanding.
He said ever since its establishment, the company has adopted a pioneering approach to develop the hospitality scene in the country, noting that it was renamed in 2012 as "Katara Hospitality" to reflect its heritage and international expansion plans, with the aim of developing a group of unique properties that celebrate hospitality icons around the world.
Sheikh Nawaf reviewed the company development since its inception, when it had only one hotel. Later it developed in terms of the number of different hotels within Qatar, and to quickly assume a major role with many distinctive hotels under its management or assets.
He expressed pride at the fact that Katara Hospitality is No. 1 in terms of rooms in the Middle East and North Africa (Mena) region, and No. 25 in the world, as well as No. 1 in terms of revenue in the Middle East and North Africa, and No. 14 in the world.
"We have a close team which is very important in our success. We now have very good Qatari candidates who can indeed be leaders in the future," he said, noting that the capitalist side is not the most important today, stressing in this context that investment cannot be made without experience, in addition to the appropriate timing of investment and its great importance for any investor.
He noted that one of the most important elements in Qatar National Vision 2030 is the tourism aspect, which the state focuses on, adding that Katara Hospitality adopts a strategy on how to improve this industry.
It is noteworthy that the company has witnessed a series of first steps, over the years, since its inception to manage the Gulf Hotel — the Gulf Marriott Hotel in Doha now — which is the first five-star hotel in the country, and with the opening of the Sheraton Doha Resort and the Convention Hotel in 1982, the company introduced the first Qatari hotel to carry an international brand.
Katara Hospitality portfolio includes a unique group of glittering edifices in distinctive and prestigious locations in Qatar and abroad, at a time when it has reached great levels of cash flow that its assets generate, and has invested wisely to ensure that these assets continue to meet the requirements of a highly competitive market.
Katara Hospitality plays an important role in developing the strategic development witnessed by Qatar, and as the leading institution for the hospitality sector in the country, it invests in the best international hotels ever, as its portfolio currently includes many international hotels, while it continues to expand its portfolio of famous hotels for investment and development of a group One of the unmatched hotels in the most important global destinations.
He said ever since its establishment, the company has adopted a pioneering approach to develop the hospitality scene in the country, noting that it was renamed in 2012 as "Katara Hospitality" to reflect its heritage and international expansion plans, with the aim of developing a group of unique properties that celebrate hospitality icons around the world.
Sheikh Nawaf reviewed the company development since its inception, when it had only one hotel. Later it developed in terms of the number of different hotels within Qatar, and to quickly assume a major role with many distinctive hotels under its management or assets.
He expressed pride at the fact that Katara Hospitality is No. 1 in terms of rooms in the Middle East and North Africa (Mena) region, and No. 25 in the world, as well as No. 1 in terms of revenue in the Middle East and North Africa, and No. 14 in the world.
"We have a close team which is very important in our success. We now have very good Qatari candidates who can indeed be leaders in the future," he said, noting that the capitalist side is not the most important today, stressing in this context that investment cannot be made without experience, in addition to the appropriate timing of investment and its great importance for any investor.
He noted that one of the most important elements in Qatar National Vision 2030 is the tourism aspect, which the state focuses on, adding that Katara Hospitality adopts a strategy on how to improve this industry.
It is noteworthy that the company has witnessed a series of first steps, over the years, since its inception to manage the Gulf Hotel — the Gulf Marriott Hotel in Doha now — which is the first five-star hotel in the country, and with the opening of the Sheraton Doha Resort and the Convention Hotel in 1982, the company introduced the first Qatari hotel to carry an international brand.
Katara Hospitality portfolio includes a unique group of glittering edifices in distinctive and prestigious locations in Qatar and abroad, at a time when it has reached great levels of cash flow that its assets generate, and has invested wisely to ensure that these assets continue to meet the requirements of a highly competitive market.
Katara Hospitality plays an important role in developing the strategic development witnessed by Qatar, and as the leading institution for the hospitality sector in the country, it invests in the best international hotels ever, as its portfolio currently includes many international hotels, while it continues to expand its portfolio of famous hotels for investment and development of a group One of the unmatched hotels in the most important global destinations.
