Qatar's Tourism Sector Achieved Added Value of QR41.3 Billion in 2015
Qatar's Tourism Sector Achieved Added Value of QR41.3 Billion in 2015
Doha - QNA
The Ministry of Economy and Commerce released Wednesday a report on tourism spending and noted that Qatar's added value almost doubled from 2011 to 2015.
The added value from the tourism sector in Qatar grew from QR21.2 billion in 2011 to 41.3 billion in 2015. The figures were provided in a report on the contribution of the tourism sector to the Qatari economy. The report highlighted the positive role that tourism sector plays in the economy, noting that its contribution in the past three years was between 12 percent and 14 percent. The sector's contribution to GDP was 5.4 percent, compared to a contribution of 3.3 percent in 2011.
The report stressed that tourism as one of the main pillars of economic diversification. Tourism export rose from QR10.2 billion in 2010 and reached QR24 billion 2015. The increase was mainly due to the increase in the number of tourists and their spending. The total number of tourists increased from 1.7 million in 2010 to 2.9 million to 2015, a CAGR of 11 percent. The spending increased from around QR 2471 per person in 2010 to QR8418 in 2015.
The report noted that the scope for further growth in the sector, especially as World Cup 2022 approaches.
Source: QNA
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