Total revenue of Oman’s hotels in the three-to-five star category has increased, however occupancy rates have dropped, according to data from the Sultanate’s National Centre for Statistics and Information (NCSI).
Revenue rose by 12.2% to OMR95.4 million ($248 million) till the end of April 2019 when compared to OMR85.1 million ($221 million) for the same period in 2018.
However, hotel occupancy rates dropped by 2.3% to reach 67.1% at the end of April 2019 against 68.6% for the same period of 2018.
The total number of guests at hotels showed a significant increase of 20% in the four-month period of 2019, reaching 683,150 from 569,383 guests for the same period of 2018.
Oman’s hotel revenue grew, occupancy levels dropped in first four months of 2019
Published: 11 July 2019 - 8 a.m.
By: Priyanka Praveen