By the end of October 2024, Oman’s three- to five-star hotels’ revenues had increased by 5% to RO 186.098 million from RO 177.182 million during the same period the previous year.
Muscat: According to data from the National Center for Statistics and Information (NCSI), the surge in revenue corresponds with a 5% increase in the total number of guests, climbing to 1,717,512 by the end of October 2024 from 1,635,041 in October 2023. Occupancy rates also increased by 1.3%, reflecting sustained demand in the hospitality sector.
Omani guests contributed significantly to the growth, with their numbers rising by 5.7% to 668,251. European guests recorded the second-highest growth rate at 8.8%, totalling 392,767.
Other notable increases include:
Arab guests (excluding Gulf nations): Up by 11.5%, reaching 85,809.
Asian guests: Up by 4.5%, totaling 250,903.
Guests from the Americas: Increased by 2.2% to 47,212.
African guests: Grew by 5.4% to 10,074.
However, the number of Gulf guests dipped slightly by 0.8% to 170,193, while Oceania saw a sharp decline of 31.2%, with just 24,517 visitors recorded.
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