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Hotel revenues in Oman up 34.7% to RO98.426mn 

3 Jul 2023

Muscat – The latest data from National Centre for Statistics and Information (NCSI) indicates a 34.7% increase in revenues of 3- to 5-star hotels in the sultanate to RO98.426mn this year till the end of May compared to RO73mn in the same period of 2022.

This revenue growth aligns with a notable 27.3% increase in the number of guests, totalling 800,952 till May end this year, compared to 629,143 in the corresponding period of 2022. Occupancy rate rose 13.6%.

Breaking down the figures, the data indicated Omani guests accounted for 274,729 of the total – a modest increase of 0.7%. The number of GCC guests rose 17% to 54,571, while European guests increased 47.2% to 239,686. 

There were 26,166 American guests, up 4.1%, while those from the African continent increased 39.7% to 4,542. The number of Asian guests increased 46% to 110,324, and guests from Oceania surged dramatically by 255.2% to 19,007.

Hotels in the sultanate are experiencing a remarkable growth in revenues fueled by a substantial rise in guest numbers from various regions around the globe. The upward trend highlights the attractiveness of the sultanate as a destination for travellers seeking exceptional experiences.Hotel revenues in Oman up 34.7%

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