Oman’s Hotel revenues increase by 4.9%, reaching US$550.6M

OMAN – According to the National Centre for Statistics and Information (NCSI), revenues from Oman’s three to five-star hotels rose by 4.9% to OMR 212.37 million (US$550.6 million) by November 2024, compared to OMR 202.5 million (US$525.8 million) in 2023.

Revenue growth has been accompanied by a 3.9% increase in the total number of hotel guests, reaching 1,929,485 by November 2024, up from 1,857,729 in 2023.

The occupancy rate also saw a slight improvement, rising by 1.5% to 48.7%, compared to 47.9% during the same period last year.

Omani guests formed the largest share, with a 4.9% increase, totaling 739,406 visitors. Guests from the Gulf Cooperation Council (GCC) countries saw a small increase of 0.1%, amounting to 182,408 visitors.

The most significant growth was recorded among other Arab visitors, which surged by 12.4%, reaching 95,586. European visitors, a significant portion of the guest base, grew by 4.7% to 466,827.

Visitors from the Americas increased by 4.3%, totaling 53,813, while African visitors rose by 6.4% to 11,108.

Guests from Asia grew by 4.8%, reaching 277,627, but there was a notable decline of 30% among visitors from Oceania, totaling 28,038.

These figures reflect the continued growth of Oman’s hospitality sector, fueled by steady increases in both domestic and international visitors.

The rapid advancement of the hospitality industry in Oman is also highlighted by the opening of several new hotels, reinforcing the country’s appeal to both business and leisure travelers, offering a blend of local heritage, luxury, and exceptional service.

In an interview with the Observer, Talal Humaid al Khusaibi, Assistant Director General of Tourism Licenses and Investor Services at the Ministry of Heritage and Tourism, emphasized the expansion of Oman’s luxury hospitality sector.

He noted the opening of high-end hotels such as the Mandarin Oriental and St. Regis this year, demonstrating the rising demand for investment in luxury tourism.

The official explained that these developments are part of a broader strategy to strengthen the tourism infrastructure, attract affluent travelers, and diversify the national economy, solidifying Oman’s position as a leading luxury tourism destination.

Recent openings include the Mercure Muscat, Oman’s first Mercure-branded hotel, offering 186 rooms, suites, and large meeting spaces.

The Mandarin Oriental Muscat, located in the prestigious Shatti Al-Qurum area, offers stunning views of the Arabian Sea. Lastly, the St. Regis Al Mouj Muscat Resort, located along the waterfront at Al Mouj, features 250 luxurious rooms and suites with yacht-inspired design.

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