This is How Much Qatar Residents Spent on Tourism in 2023!
- Publish date: Wednesday، 03 April 2024
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A recent report from CNBC Arabia, dated April 1, 2024, highlights a surge in tourism spending by Qatar residents in 2023. According to data released by the Qatar Central Bank, expenditures on tourism and travel abroad witnessed an increase of 34.5% on an annual basis, reaching approximately QR 60 billion.
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Record-High Spending in Q4
Notably, the report indicates that spending in the foreign tourism sector within Qatar soared to unprecedented levels during the fourth quarter of 2023, hitting a QR 17.8 billion. This surge underscores a substantial appetite among Qatar residents for international travel and tourism experiences.
Qatar's Global Tourism Standing
Qatar emerges prominently among the nations with significant outbound tourism expenditure, as highlighted by the report. Its position underscores the country's robust participation in the global tourism economy, both as a destination for visitors and as a source of enthusiastic travelers exploring the world.