Omani hotel industry continues to suffer, revenues drop by 51.5 percent

Published: 28 July 2020 - 6:30 a.m.
By: Josh Corder
The revenue of Omani hotels in the three-to-five-star category fell by 51.5 percent to OMR56.11 million ($145.2 million) until the end of June compared to OMR115.75 million ($299.6 million) for the same period last year, as the pandemic continues to batter the industry.

The National Centre for Statistics and Information (NCSI) updated its findings for the Sultanate, which also had a difficult first four months of the year.

Occupancy fell by 42.1 percent to 32 percent until the end of June against 55.3 percent for the same time last year.

For the first six months of the year, the total number of guests in hotels fell by 53 percent to 409,940 compared to 871,595 in June 2019.

Breaking performance down into source markets, Europeans contributed the most visitors, reaching 154,853 this year. They are followed by 134,567 Omani guests and 38,672 Asian tourists until the end of June 2020,

Omani hotels received 1.77 million guests and the hotels generated a total revenue of OMR229.5 million ($594.1 million) in 2019.

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