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Reading: By the end of March, hotel revenue in Oman surpasses OMR71.9 million.
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Gulf Press > Business > By the end of March, hotel revenue in Oman surpasses OMR71.9 million.
Business

By the end of March, hotel revenue in Oman surpasses OMR71.9 million.

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Last updated: 2024/05/07 at 4:28 PM
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The Sultanate of Oman has seen a significant increase in revenues for 3-5 star hotels, reaching OMR71,907,000 by the end of March 2024, which is an 8.3 percent increase compared to the same period in 2023. This growth can be attributed to the rise in the total number of hotel guests by 12.1 percent, reaching 598,128 by the end of March 2024. The occupancy rate has also increased by 2.2 percent during this time.

In terms of the breakdown of guests, Omani guests increased by 2.3 percent to reach 189,275, while GCC guests saw a slight decrease of 2.7 percent, totaling 32,283. European guests showed a significant increase of 23.9 percent, reaching 217,284. Guests from America also increased by 13.4 percent to 19,521, while African guests decreased by 7.7 percent to 2,735. Asian guests saw a substantial increase of 21.6 percent, totaling 79,415, and guests from Oceania reached 8,661.

These statistics indicate a positive trend in the tourism sector in Oman, with a diverse range of international guests visiting the country. This increase in guests has contributed to the growth in revenues for hotels, showcasing the potential for further development and investment in the hospitality industry in the Sultanate. It also highlights the appeal of Oman as a destination for travelers from around the world, with a variety of attractions and activities to offer.

The rise in hotel revenues and occupancy rates also reflects the efforts made by hoteliers and the government to promote Oman as a tourism destination. The country’s unique culture, stunning landscapes, and warm hospitality have made it an attractive choice for travelers seeking an authentic and memorable experience. With the continued growth in tourism, there is a growing opportunity for hotels and other businesses in the hospitality sector to expand and enhance their offerings to cater to the increasing demand from visitors.

As the number of international guests continues to increase, there is a need for hotels in Oman to maintain high standards of service and accommodation to meet the expectations of a diverse range of travelers. This includes providing tailored experiences, amenities, and activities that appeal to different preferences and interests. By offering a mix of luxury, comfort, and authenticity, hotels can attract more guests and encourage repeat visits, ultimately driving further growth in revenues and occupancy rates.

In conclusion, the positive growth in hotel revenues and guest numbers in Oman demonstrates the country’s potential as a thriving tourism destination. With a diverse range of guests from various regions visiting the Sultanate, there is a growing opportunity for hotels to capitalize on this trend and further develop the hospitality sector. By focusing on quality services, unique experiences, and tailored offerings, hotels can continue to attract and satisfy travelers, contributing to the overall success of Oman’s tourism industry.

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News Room May 7, 2024
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