Oman hotel revenue grows by 14.3%

Business Tuesday 12/March/2019 17:27 PM
By: Times News Service
Oman hotel revenue grows by 14.3%

Muscat: The total revenue of Omani hotels in the three-to-five-star category rose by 14.3 per cent to OMR22.70 million till the end of January 2019 compared to OMR19.8 million for the same period in previous year.
However, hotel occupancy rates fell by 2.7 per cent to reach 62.4 per cent at the end of January 2019 against 64.2 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 6.9 per cent in the one-month period of 2019, reaching 145,123 from 135,796 guests for the same period of 2018.
Among the nationalities, Europeans constituted the maximum number of visitors, reaching 62,167. This was followed by 37,380 Omani guests, 16,006 Asian tourists; and 11,959 visitors from Gulf Cooperation Council (GCC) countries at the end of January 2019 period, the data released by NCSI revealed.
However, there was a drop in the number of American, Oceanian, and other Arab guests by 13.6 per cent, 13.2 per cent, and 1.0 per cent to reach 5,503, 1,769 and 5,529 guests respectively.
Omani hotels received 1.49 million guests and the hotels generated a total revenue of OMR214.1 million in 2018.