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Posted On: 31 December 2020 10:27 am
Updated On: 31 December 2020 10:28 am

Katara Hospitality plans to establish nearly 60 hotels by 2030

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H.E. Chairman of Katara Hospitality Sheikh Nawaf bin Jassim bin Jabor Al-Thani said that the company has a huge plan to establish nearly 60 hotels by 2030.

H.E. explained that Katara Hospitality now has 42 hotels and more than 25 thousand rooms, while in 2000 it had about 4000 rooms, considering that a huge progressive rate in the company's development, and stressing that it will never stop expanding.

This came in a speech by H.E. Sheikh Nawaf bin Jassim bin Jabr Al- Thani, at the celebration of Katara Hospitality on Wednesday, formerly known as Qatar National Hotels, on the occasion of the 50th anniversary of its establishment in 1970. Ever since, it has adopted a pioneering approach to developing the hospitality scene in the country, noting that the company 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.

H.E. reviewed, in his speech, the development of the company since its inception, when it started, it had only one hotel, later it developed in terms of the number of different hotels within Qatar, and quickly assume a major role with many distinctive hotels under its management or assets.

He expressed pride that Katara Hospitality is number one in the number of rooms in the Middle East and North Africa region, and number 25 in the world, as well as number one in terms of revenue in the Middle East and North Africa, and number 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," H.E. added, 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 the 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 the State of 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 the State of 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.

Source and cover image source: Qatar News Agency