Oman’s Hotel revenue falls over 50%

July 26, 2020

The total revenue of Omani hotels in the three-to-five-star category fell by 51.5% to RO56.11 million until the end of June 2020 compared to RO115.75 million for the same period of the previous year.

However, hotel occupancy rates fell by 42.1% to reach 32% until the end of June 2020 against 55.3% for the same period of 2019, according the latest monthly statistics released by the National Centre for Statistics and Information (NCSI).

Meanwhile, the total number of guests in Omani hotels fell by 53% in the first 6 months of 2020, reaching 409,940 guests from 871,595 guests for the same period of 2019.

Among the nationalities, Europeans constituted the maximum number of visitors, reaching 154,853. This was followed by 134,567 Omani guests and 38,672 Asian tourists until the end of June 2020, the data released by NCSI revealed.

There was an overall drop in the number of guests of all nationalities until the end of June 2020, with American guests and GCC guests falling by 56.1% and 61.7% to reach 14,238 and 32,630 guests, respectively.

There was also a drop in the number of African, Oceanian and other Arab guests by 52.1%, 41.9% and 63.4% to reach 2,784; 4,589, and 13,371 guests, respectively.

It should be noted that Omani hotels received 1.77 million guests and the hotels generated a total revenue of RO229.5 million in 2019.

Also Read: ‘Oman’s health sector still intact’

Previous Story

Saudi commences a domestic Haj

Next Story

Kuwait Crown Prince thanks Trump

Latest from BUSINESS

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy,

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units