Skip to content Skip to Search
Skip navigation

Oman hotel revenue up 27% to $397m in 2023

By Pramod Kumar
GCC hotel guests in Oman rose 27.6% year on year to 156,703 by the end of September Oman News Agency
GCC hotel guests in Oman rose 27.6% year on year to 156,703 by the end of September

The revenue of Oman’s 3- to 5-star hotels swelled 26.6 percent year on year to OMR153 million ($397.45 million) during the first nine months of this year, according to the National Centre for Statistics and Information.

Hotel guest numbers jumped by 27.3 percent to 1.43 million by the end of September 2023, compared to 1.13 million a year earlier.

Room booking by Omanis grew 5.3 percent annually to 499,840, while GCC hotel guest numbers rose 27.6 percent yearly to 156,703.

European hotel arrivals rose 43.4 percent year on year to 41,079.

Hotel bookings by Asians grew 43.6 percent to 213,980, while the number of hotel guests from Oceania surged 204.5 percent to 30,898.

Abdulla bin Touq Al Marri, the UAE’s minister of economy, last month said a GCC-wide tourism visa, which will allow holders to travel across the six Gulf nations – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – will be introduced next year or 2025.

Latest articles

The retail tranche of Tamkeen's IPO will run from November 5 and 6, with the final allocation taking place on November 11

Saudi HR company to raise $106m from listing

Tamkeen Human Resources Company is expected to raise between SAR365.7 million and SAR397.5 million ($97-$106 million) from its initial public offering on the Saudi stock exchange. The company set its IPO price range between SAR46 and SAR50 per share on Sunday as the institutional book-building period commenced. The final price will be determined on October […]

People, Person, Adult

Saudi Arabia to invest $2bn in Pakistan’s economy

Saudi Arabia and Pakistan have signed 27 memorandums of understanding totalling $2 billion. The investments will target industry, agriculture, information technology, food, education, mining and minerals, health, petroleum and energy, Dawn newspaper reported. The MoUs were signed in the presence of Pakistan’s prime minister Shehbaz Sharif, chief of army staff general Asim Munir and Saudi […]

DP World launched a new berth at London Gateway in August, making the facility the UK’s largest seaport

UK minister confirms DP World to invest in London Gateway

Dubai’s DP World will invest £1 billion ($1.3 billion) in its London Gateway port, business minister Jonathan Reynolds has confirmed. “The investment is going ahead,” business minister Jonathan Reynolds told Sky News after media reports suggested that DP World executives had threatened to boycott the International Investment Summit on October 14 and refrain from investing in […]

Head, Person, Face

India’s Adani set to raise $1bn from Middle East wealth fund

Adani Group, led by Indian billionaire Gautam Adani, is in advanced discussions with an unnamed sovereign wealth fund from the Middle East to raise up to $1 billion for its airports business, a news report said. The first tranche of the fundraising will be finalised by the end of the fourth quarter of 2024, Economic […]