Revenue of hotels in Oman up by close to 8 per cent

Energy Tuesday 24/December/2019 21:46 PM
By: Times News Service
Revenue of hotels in Oman up by close to 8 per cent

Muscat: The total revenue of Omani hotels in the three-to-five-star category rose by 7.8 per cent to OMR177.7 million till the end of October 2019 compared to OMR164.9 million for the same period of the previous year.
However, hotel occupancy rates fell by 6.4 per cent to reach 52.3 per cent at the end of October 2019 against 55.9 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 17.6 per cent in the 10-month period of 2019, reaching 1.40 million from 1.19 million guests for the same period of 2018.
Among the nationalities, Europeans constituted the maximum number of visitors, reaching 445,420. This was followed by 438,517 Omani guests and 177,400 Asian tourists till the end of October 2019 period, the data released by NCSI revealed.
There was a rise in the number of American guests and other Arab guests by 28.8 per cent and 16.6 per cent to reach 55,642 and 60,533, respectively.
There was also a rise in the number of GCC and Oceania guests by 0.6 per cent and 10.8 per cent to reach 167,684 and 13,617 guests, respectively.
However, there was a drop in the number of African guests by 3.1 per cent to reach 9,654 guests.
Omani hotels received 1.49 million guests and the hotels generated a total revenue of OMR214.1 million in 2018.