Oman forecast to see 63% hotel sector growth

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Oman's hotel sector is set to grow by more than 60 percent if all 4,613 rooms in the country’s total active pipeline open, according to new data.

STR Global said the sultanate was poised to grow the most in the Middle East and Africa (63.9 percent), with five other countries in the region set to expand by more than 30 percent.

Its latest data for January showed the Middle East/Africa hotel development pipeline comprises 480 hotels totalling 118,023 rooms.

As well as Oman, STR Global said Saudi Arabia's hotel market is expected to grow by 53.2 percent with 27,783 rooms in its active pipeline.

Other Gulf nations forecast to see significant growth over the next few year, according to STR Global, are Qatar (up 39.6 percent to 6,205 rooms), the UAE (up 33.6 percent with 31,827 rooms), and Kuwait (up 33.5 percent to 2,069 rooms).

The expected growth in Oman comes as total passenger traffic through Muscat International Airport increased by 16 percent to more than 7.5 million in 2012 compared to the previous year.            

Officials attributed the increase in traffic into Muscat International Airport to the introduction of new airlines operating in the sultanate including IndiGo, Ethiopian Airlines and United Airways of Bangladesh.

The Middle East/Africa hotel industry opened 68 new hotels with 15,735 rooms in 2012.

Top-end hotels again dominated the new-builds in the region's tourism sector while economy hotels contributed only two properties.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Insider: What hotel general managers really think

Insider: What hotel general managers really think

The major challenge facing bosses is competition from the endless...

Review: Waldorf Astoria, Ras Al Khaimah

Review: Waldorf Astoria, Ras Al Khaimah

Set against the backdrop of the UAE’s northernmost emirate, the...

Review: Le Royal Monceau – Raffles Paris

Review: Le Royal Monceau – Raffles Paris

The hotel is one of just six in France to be awarded the prestigious...

Most Discussed