Revenues of luxury hotels in Oman register a jump

Business Saturday 18/May/2019 19:28 PM
By: Times News Service
Revenues of luxury hotels in Oman register a jump

Muscat: The total revenue of Omani hotels in the three-to-five-star category rose by 10.4 per cent to OMR71.3 million till the end of March 2019 compared to OMR64.6 million for the same period of the previous year.
However, hotel occupancy rates fell by 2.3 per cent to reach 68.4 per cent at the end of March 2019 against 70.1 per cent for the same period of 2018, according the latest monthly statistics released by the National Centre for Statistics and Information (NCSI).
Meanwhile, the total number of guests in Omani hotels showed a significant increase by 11.3% in the three-month period of 2019, reaching 483,995 guests from 435,033 guests for the same period of 2018.
Among the nationalities, Europeans constituted the maximum number of visitors, reaching 214,457.
This was followed by 118,220 Omani guests, 54,266 Asian tourists till the end of March 2019 period, the data released by NCSI revealed.
There was a rise in the number of American guests, other Arab guests, and African guests by 2.3 per cent, 9.9 per cent and 0.4 per cent to reach 17,460; 18,709; and 3,170 African guests, respectively.
However, there was a drop in the number of GCC and Oceanian guests by 13.5 per cent and 4.2 per cent to reach 39,547 and 4,685 guests, respectively.
Omani hotels received 1.49 million guests and the hotels generated a total revenue of OMR214.1 million in 2018.