Oman's hotel revenue falls by 54.5%

Business Monday 24/August/2020 14:57 PM
By: Times News Service
Oman's hotel revenue falls by 54.5%

Muscat: The total revenue of Omani hotels in the three-to-five-star category fell by 54.5 per cent to OMR58 million until the end of July 2020 compared to OMR127.60 million for the same period of the previous year.
Hotel occupancy rates fell by 44.6 per cent to reach 29.5 per cent until the end of July 2020 against 53.3 per cent for the same period of 2019, according to the latest monthly statistics released by the National Centre for Statistics and Information (NCSI).
Meanwhile, the total number of guests in Omani hotels fell by 56.6 per cent in the first 7 months of 2020, reaching 428,884 guests from 989,218 guests for the same period of 2019.
Among the nationalities, Europeans constituted the maximum number of visitors, reaching 156,026. This was followed by 150,760 Omani guests and 38,753 Asian tourists until the end of July 2020, the data released by NCSI revealed.
There was an overall drop in the number of guests of all nationalities until the end of July 2020, with American and GCC guests falling by 60.9 per cent and 69.6 per cent to reach 14,959 and 32,666 guests, respectively.
There was also a drop in the number of African, Oceanian and other Arab guests by 56.1 per cent, 46.3 per cent and 67.3 per cent to reach 2,874; 4,668, and 13,865 guests, respectively.
Omani hotels received 1.77 million guests and the hotels generated total revenue of OMR229.5 million in 2019.