Luxury Omani hotels see high increase in revenues

21 May 2019

luxuryOmani hotels in the three-to-five-star category saw their total revenue increase by 10.4% to OMR71.3 million in the end of March 2019, while the same period a year prior had registered a total revenue of OMR64.6 million, the Times of Oman reports.

With that said, the latest monthly statistics shared by the National Centre for Statistics and Information (NCSI) revealed that hotel occupancy rates dropped by 2.3% to 68.4% at the end of March 2019, while the same period of the previous year recorded 70.1%.

The total number of guests staying in hotels in Oman grew by a significant 11.3% in the first quarter of 2019, to a whopping 483,995 guests from 435,033 guests for the same period of 2018.

The majority of visitors were shown to be European, totalling to 214,457. Omani guests followed with a total of 118,220, while Asians made up 54,266 of visitors till the end of March 2019.

There was also a 2.3% increase in American guests, a 9.9% rise in other Arab guests, and a 0.4% rise in African visitors; each reaching 17,460; 18,709; and 3,170 guests respectively.

On the other hand, data showed that GCC and Oceanian guests decreased by 13.5% and 4.2%.

In 2018, previous data had shown Omani hotels acquire 1.49 million guests and a total evenue of OMR214.1 million.