With hotels performing exceptionally well in H1 2022, second half looks promising too

Muscat – Revenues of hotels rated from 3 to 5 stars in Oman witnessed a significant increase of 121.4 per cent until the end of June 2022, reaching RO83.36mn, compared to the same period in 2021.

The monthly statistical bulletin of tourism indicators issued by the National Centre for Statistics and Information (NCSI) shows that the number of guests in 3-5 star hotels increased by 44.6 per cent to 770,000 in H1 2022, while occupancy rate in these hotels recorded a growth of 20.1 per cent.

The number of visitors from GCC states recorded the biggest growth of 875.7 per cent, reaching 61,863 guests, compared to 6,340 in H1 2021. This was followed by guests from Europe, whose number grew by 756 per cent to 185,297 in H1 2022 from 21,648 in H1 2021.

The number of Omani guests decreased by 7.5 per cent to 348,788 from 376,970.

Guests from the Americas increased by 199.9 per cent to 27,281, while guests from the African continent reached 3,921, a growth of 94.6 per cent. Asian guests increased 21.4 per cent to 92,637 until June 2022, from 76,328 in June 2021.

With hotels performing exceptionally well in H1 2022, the second half looks promising too.

According to Alpen Capital’s GCC Hospitality Industry Report, Oman’s hospitality sector is expected to record a year-on-year growth of 90.9 per cent, the fastest in the region, to reach US$700mn in 2022.