Uncategorized
Oman Hotel Revenue Grows by 5.9 Per Cent

The total revenue of Omani hotels in three-to-five-star category rose by 5.9 percent to RO 143.1 million in the first nine months of 2018 compared to RO 135.1 million for the same period last year, reported ONA.
Hotel occupancy rates also increased by 2 percent to reach 55.7 percent during January-September 2018 against 54.6 percent for the same period of 2017, according the latest monthly statistics released by the National Centre for Statistics and Information (NCSI).
However, the total number of guests in Omani hotels in the nine-month period of 2018 declined by 6.8 percent to 1,042,468 from 1,118,021 for the same period of 2017.
Among the nationalities, Europeans constituted the maximum number of guests at 342,762, but fell by 13.4 percent compared to the same nine-month period of 2017. This was followed by 293,975 Omani guests.
However, the number of Omani hotel guests declined by 7.3 percent compared to the same period of last year. Likewise, guests from GCC countries fell by 10.3 percent to 152,891 guests in the first nine months of 2018, from 170,423 for the same period of last year.
Meanwhile, there was an increase in the number of African, Asian and Oceanian visitors by 17.1 percent, 11.9 percent and 11.8 percent to 8,910, 132,520 and 10,529 guests, respectively, during the January-September 2018 period, the provisional data released by NCSI revealed.
American visitors rose by 0.7 percent to 37,572 guests, while guests from other Arab countries decline a 5.9 percent to 45,735 guests during the period under review.
Omani hotels received 1.53 million guests and the hotels generated a total revenue of RO 194.66 million in 2017, added the NCSI report.
-
Banking & Finance1 month ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain1 month ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance4 weeks ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
Energy1 month ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
OER Magazines1 month ago
OER, June 25
-
Banking & Finance2 months ago
The Future of the International Financial System to be discussed at SPIEF 2025
-
Retail2 months ago
All services are moving toward personalisation says Tatyana Kim, Founder of Wildberries and Head of RWB
-
Business2 months ago
Over 137 Countries and territories confirm participation in SPIEF 2025
You must be logged in to post a comment Login