Revenues of luxury hotels in Oman by over 8 per cent

Energy Sunday 20/January/2019 21:48 PM
By: Times News Service
Revenues of luxury hotels in Oman by over 8 per cent

Muscat: Total revenue of Omani hotels in the three-to-five-star category rose by 8.5 per cent to OMR188.7 million in the first 11 months of 2018 compared to OMR173.9 million for the same period of the previous year.
Hotel occupancy rates also increased by 0.9 per cent to reach 57 per cent during January-November 2018 against 56.5 per cent for the same period of 2017, according the latest monthly statistics released by the National Centre for Statistics and Information (NCSI).
However, the total number of guests in Omani hotels in the 11-month period of 2018 declined by 2.8 per cent to 1,350,000 from 1,388,771 for the same period of 2017. Among the nationalities, Europeans constituted the maximum number of visitors, reaching 476,875. This was followed by 369,373 Omani guests, 180,840 tourists from GCC countries, and 168,807 Asian visitors.
However, there was a drop in the number of European, Omani, GCC tourists, and other Arab guests by 7.8 per cent, 3.5 per cent, 8.8 per cent, and 3.5 per cent, respectively.
Meanwhile, there was an increase in the number of African, Asian, Oceanian and American visitors by 15.8 per cent, 17.3 per cent, 3.3 per cent and 0.8 per cent to 10,888, 168,807, 13,787, and 48,454 guests, respectively, during the January-November 2018 period, the provisional data released by NCSI revealed.
Omani hotels received 1.53 million guests and the hotels generated a total revenue of OMR194.66 million in 2017, added the NCSI report.