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Sat 15 Feb 2014 10:19 AM

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Oman's top-end hotels see revenues rise 11% in 2013

Combined revenues of 31 four- and five-star properties reach nearly $390m last year - report

Oman's top-end hotels see revenues rise 11% in 2013
Oman tourism, Oman government, Oman economy

Top-end hotels in Oman have posted an 11 percent increase in revenues for 2013 compared to the previous year, according to figures released by the National Centre for Statistics and Information (NCSI).

The combined revenues of 31 four and five-star hotels reached OR149.3 million ($387.8 million) compared to OR134.5 million in 2012.

Five-star hotels registered the bigger portion of the revenue split with OR102.2 million, according to the latest statistics.

The NCSI report also revealed the total number of hotel guests increased by 10.8 percent in 2013, totalling 614,000 against the 2012 figure of 554,000.

European nationalities topped the list with 202,000 guests in 2013, recording an annual growth rate of 16.7 percent, followed by Omani guests and visitors from other GCC countries.

The number of hotel guests from Asian countries dropped from 63,000 in 2012 to 60,000 in 2013.

During 2013, five-star hotels recorded an overall occupancy rate of 60.6 percent versus the 2012 average of 55.3 percent, up by 9.6 percent year-on-year.

Four-star hotels also recorded an increase in their overall occupancy rates of 5.1%, with occupancy rates standing at 56.7 percent in 2013.

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