Oman’s hotel revenue drops 24% as of end of March 2020

Merge 104.8  |  07 June 2020

The total revenue of Oman’s hotels in the three-to-five-star category fell by 24 per cent to OMR 54.2 million until the end of March 2020, compared to OMR 71.3 million for the same period of 2019.

Cover photo credit: Oman News Agency

As Oman News Agency (ONA) reports, hotel occupancy rates fell by 25 per cent to reach 51.3 per cent at the end of March 2020 against 68.4 per cent for the same period in 2019, according to 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 19.5 per cent in the 3-month period of 2020, reaching 389,621 guests, compared to 483,995 guests for the same period of 2019.

Among nationalities, Europeans constituted the maximum number of visitors, reaching 157,098. This was followed by 115,857 Omani guests and 36,056 Asian guests till the end of March 2020, the data released by NCSI revealed.

There was a fall in the number of American guests, Oceanian guests, and GCC guests by 18.1 per cent, 4.7 per cent, and 18.7 per cent respectively, until the end of March 2020 compared to the same period in 2019.

There was also a drop in the number of European, African, and other Arab guests by 26.7 per cent, 16.1 per cent and 29.1 per cent respectively.

Hotels in Oman received 1.77 million guests and generated a total revenue of OMR 229.5 in 2019.

Source: ONA

(Also read: COVID-19: 1,600+ fines issued against businesses in Oman since start of pandemic.)