Qatar Airways has no plans to halt its growth despite the economic conditions.
While regional competitor Emirates reports an 88% drop in profits, Qatar's national airline is showing no voluntary signs of slowing down its expansion, with new flights to Houston starting next month. Their expansion plans may, however, be hindered by delays in the delivery of 30 Boeing Dreamlines.
With plunging real incomes and currencies in one of the Gulf States' core markets for tourism abroad, Britain, with the number of flights being made falling and with a huge growth in the number of hotel rooms taking place in Qatar, Qatar's neighbour Dubai may have real cause to worry.
Their economy has a far greater reliance than Qatar on tourism, and much of the retail and hotel development that is taking place is based on predictions of further growth.
According to the Bitter Half, the UAE, which received 7.7 million visitors in 2007, is planning to double the number of visitors it receives by 2015.
It current trends continue and Qatar manages to manufacture itself as a viable alternative to Dubai, they may be lucky to just maintain current numbers.
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