Pandemic Challenges Qatar's Retail Market, but FIFA World Cup Ignites Dining Scene: What's the Future? – Ken Research

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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:

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Retail Restaurant Market In Qatar

Qatar's Ambitious Plans: Over 40 Malls and 300 Hotels by 2027 to Bolster the Retail and Restaurant Industry, but What's Next? : Ken Research

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The Hotels & Restaurants Market in Qatar is highly fragmented with highly competitive rivalry among the competitors. Some of the popular restaurants like Asha’s, Ipanema, Bandar Aden compete on the basis of menu prices, average sitting capacity, Waiting Time, and many more.

1.Exploring Qatar's Key Catchment Areas: How West Bay, Al Wakrah, Al Khor, Masaieed, Umm Salal Ali, and Umm Salal Mohammed are Vital for the Hotel Industry.

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• Opening of more than 50 hotels in the country in 2022 led to the establishment of 70+ fine dining restaurants, 90% of which are located in the hotels like Al Hubara, Iksha 360.
• Qatar has unveiled a 6,000-cabin fan village in an isolated lot near its airports, an offering for housing toward the lower end for the FIFA World Cup.
• Also, temporary hotels have been added in the country with the partnership of MSC cruises for Peosia and Europa which docked at Doha port to supplement hotel demand in the country.

 2.Qatar's Hotel Room Count to Surpass 50,000 by 2027: A Booming Hospitality Industry Fueled by New Developments and Investments.

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• The Hotel Rooms in Qatar is expected to reach to over 50K in 2027 due to influx of visitors in the country.
• It is expected that over 10% of the hotel keys will be 3 star and over 2% will be 1 or 2 Star in 2027.
• The luxury segment could present the greatest opportunity to transform Qatar’s appeal to a wider audience.
• Restoration of diplomatic ties between KSA and Qatar in 2021 to contribute in boosting tourist arrivals, positively impacting the hotel industry.

3.Qatar's Mall Rental Occupancy Hits 95.5% in 2022: New Malls to Flourish in Doha Province in the Coming Years.

• During the last 3 years, F&B markets have favored “less onerous” rents and more occupants have increased in the sector due to the high demand of food delivery.
• Occupancy rates in Qatar’s retail sector have fallen during 2017 and 2021 as new supply has come to the market.
• With an average footfall of 1.5 Mn per month, The Mall of Qatar offers 500 retail, dining, and café options.
• Outside of the main retail malls, high street showrooms, local convenience retail, & F&B destinations are typically available to lease for between QAR 90 & QAR 150 per sqm per month.

Qatar Retail Restaurant and Hotel Market Segmentation

By Type of Restaurant

• Fine Dining
• Desert Parlous and Beverages
• QSR and Chains
• Cafeteria and Cafes
• Casual Dining

By Franchise & Non-Franchise

• Franchised Outlets
• Non- Franchised Outlets

By Type of Outlets

• Standalone
• Hotel Based
• Mall Based

By Hotel Stars

• 5 Star
• 4 Star
• 3 Star
• 1 or 2 Star
• Apartments

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Restaurants and Hotel Chains
• Food Aggregators
• Catering Companies
• Real Estate Companies
• Potential Market Entrants

Time Period Captured in the Report

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027

Major Players Mentioned in the Report

• Spice Market
• Nusr Et
• Hakkasan
• Three Sixty
• Al Hubara
• Bandar Aden
• Damascas One
• Paper Moon
• Chef's Garden
• Burj Al Hamam
• Cheesecake Factory
• Roti and Boti
• Morimoto
• Paper Moon Doha and more

For More Insights On Market Intelligence, Refer to the link Below: –

Qatar Retail Restaurant Industry 

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Revolutionizing Qatar's Restaurant Industry: Exploring the Impact of 3 Mn Orders from Cloud Kitchens and 40 Mn from Online Food Delivery Market - What Does the Future Hold? – Ken Research

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In 2022, The Food Delivery and Cloud Kitchen Markets in Qatar Demonstrated Growth Rates of around 10% And 85%, Respectively, Providing Crucial Support to the Qatar Retail Restaurant and Hotel Industry, says a report by Ken Research.

1. The Emergence of Deliveroo Expected to Heat up Competition in Qatar's Highly Consolidated Food Delivery Market Dominated by Talabat, Rafeeq, and Snoonu.

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Talabat has partnered with a variety of restaurants such as Beans Café, Chips & Dips, ciao, and Burger hood, among others. Restaurants that partner exclusively with Talabat are eligible for a moderate commission rate. Talabat's market leadership is attributed to its quick delivery, aftersales services, and reduced commission rates. Snoonu and other online food delivery platforms are investing in technologies such as IoT-enabled fleet management solutions and advanced analytics to better understand customer behavior and optimize their operations and logistics in highly populated areas. In Qatar, players in the food delivery market are expanding their restaurant offerings by establishing partnerships with various outlets. For example, new player Deliveroo has partnered with Pinkberry, Nando’s, Tim Hortons, Wendy’s, and others to attract more customers.

2. Exploring the Dominance of Waka Cloud Kitchen, Cloud Kitchen QA, and Kitopi in Qatar's Thriving Cloud Kitchen Market with Over 1.5 Mn Orders in 2022.

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In 2022, Rafeeq Al Darb Trading Services and Transportation introduced "Waka-Cloud Kitchen," a central kitchen that collaborates with 120 restaurants and provides various cloud restaurants. Meanwhile, Kitopi, a company headquartered in the UAE, established its initial kitchen in Qatar in July 2022 and announced its Series C funding round, with Softbank Group Corp's Vision Fund 2 as the primary investor. KLC Virtual Restaurants, on the other hand, aims to take advantage of an unexplored online food delivery market in Qatar by launching three virtual kitchens in 2022 and planning to open a fourth one in Q1 2023.

For more insights on the market intelligence, refer to the link below:-

Qatar Retail Restaurant Industry

Qatar’s National Tourism Strategy 2030 and the FIFA World Cup: A Game-Changer for Retail, Restaurant, and Hotel Industries — What Does the Future Hold? — Ken Research

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Retail Restaurant and Hotel Industry in Qatar is expected to growth at a robust CAGR of 2.5% and 5.5% respectively in next 5 years, says a report by Ken Research

1. How the FIFA World Cup is Boosting Qatar's Retail Restaurant Market: Opportunities and Challenges.

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• The FIFA World Cup Qatar 2022 has significantly fostered sales of about 400 food and beverage outlets in the areas surrounding the tournament stadiums and fan zones.
• More than 450+ new restaurants were added in Qatar in 2021, with industry reviving post-covid & started preparing for the FIFA World Cup to sustain the influx of domestic & international tourism.
• International Tourists influx has risen to 1.2 Mn registering a growth of over 200% during the World Cup months as compared to the pre covid level of 2017 and 2018.

2. Qatar's National Tourism Strategy 2030: Aims to Draw Over 6 Mn Visitors and Encourage Establishment of New Hotels in the Country.

• Qatar Tourism identified geographical zones based on their location to develop tourism products and services in each of the regions like Al Khor, Dukhan, Al Mashabiya, Al Zubarah, etc.
• Turkish architectural firm Hayri Atak Architectural Design Studio plans to build a floating hotel by 2025 in Qatar. The eco-floating hotel will have 152 rooms and will be designed to reduce energy loss and waste production.
• The Marriott Group will continue to fortify its position as Qatar’s leading hotel operator, with about 8,800 rooms under management by 2025.

3. Social-Media: The Key to Boosting Customer Engagement and Building a Strong Brand Identity for Restaurants.

Restaurants

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• Email updates are one of the easiest ways to enable visitors to recognize each other and fuel return visits. It lets to be in touch with your customers.
• Interaction with clients is very critical in acquiring more customers. Timely response to user queries satisfies your clients and urges them to refer your business point to more people.
• Advertise on platforms such as Facebook, Instagram, YouTube, Twitter, etc. Uploading videos or pictures on social media accounts, demonstrating how food is prepared quickly impresses new customers.
• Loyalty programs encourage shoppers to return to retailers, by offering incentives like special discounts or sales, or free goods or services. The rewards encourage to continue to shop at or use the services.

For more insights on the market intelligence, refer to the link below:-

Qatar Retail Restaurant Market

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Qatar Retail Restaurant Market: Ken Research

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The Restaurant sector in Qatar which was earlier registered by franchised American concepts is observing the development of several home-grown concepts propelled by companies such as Food Service Company and more. The sector has flourished owing to the existence of a variety of outlets in the country that serve cuisines from all around the world to all customer segments.

According to the report analysis, ‘Qatar Retail Restaurant Industry Outlook to 2025 - Hosting of FIFA World cup 2022 is Anticipated to Drive Number of Domestic and International Visitors’ states that Qatar Retail Restaurant Industry has deducted at a CAGR of 0.4% on the basis of revenue and a CAGR of 1.9% on the basis of the number of retail outlets over the duration of 2014-2020. The negative CAGR represents the impact of COVID-19 on the industry during 2020 but the market is estimated to revive in the forthcoming 1-2 years due to FIFA World cup 2022. Foremost growth drivers of the industry are largely young and urban population, the effective growth in disposable income of people, heavy tourist traffic, Construction of Malls, Purpose Built Entertainment Facilities and continuing sporting events in the country.

The Qatar Retail Restaurant Industry is quite split and No First-mover Advantage is evident in any type of Outlets in Restaurant Industry across Qatar. In this space, More than 2,000 Restaurants are challenging basis multi-cuisines, end-user dedicated services, great ambiance & superiority food, and more. The worth of Mouth has played a significant role in expanding many outlets around Qatar such as The Cheesecake Factory, Asha’s, Volume Cafe. Moreover, Franchised American Brands likewise Fat Burger, Starbucks are extremely widespread and many Qatari Groups such as Food Service Company are developing new In-house Restaurant Chains/ Brands.

Based on the geographical location, the restaurants in Qatar are majorly concentrated in parts of Al Rayyan, Doha, Al Gharafa, Dafna, West Bay, Pearl Qatar, and many more. Most Number of the outlets that are focused in Al Gharafa and Dafna/ West bay, Pearl Qatar earns higher revenue than other locations. Some of the Prominent Outlets are Diet House, Coffee Time, Pool Grill, and Hwang & many more.

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Not only has this, the Retail Restaurant Industry is projected to flourish in Qatar with the effective growth in income levels and per capita expenditure levels of consumers. It is projected to observe a CAGR of 6.9% in terms of revenue during the forecast duration of 2020-2025F. The government as well as assisting the industry under Qatar National Vision 2030 to motivate the local companies to enlarge into regional and international markets. Moreover, the FWC event during 2022 will enable ample opportunity for incumbents to increase the utilization rate of prevailing restaurants and develop more Cafes, Casual/Fine Dining, and QSRs near the newly opened stadiums and Malls especially designed for the FIFA World Cup around Qatar.

For More Information on the research report, refer to the below link: –

Future Growth of Retail Restaurant Services Industry in Qatar

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