Revenue of Oman’s luxury hotels rise 18% to $136m

Oman News Agency

The revenue of Oman’s three star to five star hotels rose 18 percent to OR52 million ($136 million) by the end of February 2024, compared to OR44 million a year ago.

The revenue increase was driven by an 18 percent year on year rise in hotel guest numbers to 433,856 by the end of February, state-run Oman News Agency said, quoting National Centre for Statistics and Information data.

Occupancy levels grew by 11 percent annually.

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Room bookings by Omanis rose nearly 6 percent annually to 141,335, while GCC hotel guest numbers jumped 14 percent to 25,607

European hotel arrivals surged by nearly 30 percent year on year to 153,422.

Hotel bookings by Africans grew 10 percent to 2,029, while the number of hotel guests from Asia rose 30 percent to 54,562.

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The number of hotel guests from the Americas and Oceania stood at 14,829 and 6,347, respectively.

In 2016 the sultanate launched a 25-year strategy to increase the number of tourists visiting more than fourfold, from 2.6 million in 2015 to nearly 12 million a year by 2040.

Oman wants to increase tourism’s contribution to GDP to 6 percent, from 2.6 percent, by building hotels and promoting destination “clusters”.