Pandemic Challenges Qatar’s Retail Market, but FIFA World Cup Ignites Dining Scene: What’s the Future? – Ken Research
The Qatar retail restaurant market has faced significant challenges in recent times, grappling with the impact of the pandemic, shortage of staff, and more. These hurdles have left the industry in a constant struggle to stay afloat. However, a glimmer of hope has emerged on the horizon with the forthcoming FIFA World Cup, which has sparked a remarkable surge in demand for restaurants across the country.
What lies ahead for Qatar’s restaurant market as it navigates through these challenging times and embraces the opportunities brought by the World Cup? Read more to find out what the future holds for this dynamic and evolving industry.
1. Pandemic, Short-Staffing Woes, and Rising Operational Costs have left the Restaurant Industry struggling to stay afloat in Qatar
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2. But the FIFA World Cup has remarkably increased the demand for restaurants, shopping malls, hotels, and entertainment platforms in the country
3. With the onset of the FIFA World Cup in 2022, Qatar has welcomed a wave of ~600 new restaurants like Fiko, Inara, Chariot, Ergon, Soy Tokyo, and many more
4. Also, Qatar aims to attract more than 6 million visitors in 2030 aided by Qatar’s National Tourism Strategy 2030 which will act as a catalyst for new hotels to be established in the country
5. Presently, increasing demand for luxury hotels, burgeoning residential development projects, and major government efforts to catalyze the tourism sector have been key drivers for restaurants & hotels
6. Besides it, Out of Restaurants, Malls, and Hotels, the Restaurants Segment is expected to witness higher footfall in the coming years and perform relatively better
Some of the Intelligence Curated by Ken Research in Retail Restaurant Market Space:
- Middle East Catering Market Outlook to 2027 Segmented by Services Type (Contractual, Non-Contractual), By End User (Healthcare, Hospitality, Corporates, Education, In-Flight and Others (Holy Sites, Events, Railways, Defense, etc.), By Region
- Bahrain Catering Market Outlook to 2027F By Type (Contractual and Non-Contractual), By End User (In-Flight, Oil & Gas, Hospitality, Healthcare, Education, Corporate and Others)
- Australia Catering Services Market Outlook To 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
- China Catering Market Outlook 2027F driven by increasing demand & innovative business Model
- India Catering Services Market Outlook to 2027F By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
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