Three, four-star hotels record 60% decrease in revenues

Oman Saturday 30/January/2021 13:06 PM
By: Times News Service
Three, four-star hotels record 60% decrease in revenues
Muscat: The revenues of three-stars to five-stars hotels in the Sultanate has decreased by more than 60 per cent till the end of December 2020 compared to the same period in 2019.
A statement issued online by Oman News Agency (ONA) said, "The decrease in revenues of rated three-stars to five-stars hotels in the Sultanate until the end of December 2020 by 62.9 per cent to reach OMR 85 million and 77 thousand compared to the end of December 2019, while the occupancy rate reached 26.4 per cent, and the total number of guests reached 842,491. "