Oman hotel revenues drop 24pc in March
CONSUMER NEWS
The total revenue of Omani hotels in the three-to-five-star category fell by 24 per cent to RO54.2 million ($140.3 million) until the end of March compared to RO71.3 million ($184.6 million) for the same period of 2019.
However, hotel occupancy rates fell by 25 per cent to reach 51.3 per cent at the end of March against 68.4 per cent for the same period of 2019, according the latest monthly statistics released by the NCSI.
Meanwhile, the total number of guests in Omani hotels fell by 19.5 per cent in the three-month period of 2020, reaching 389,621 guests from 483,995 guests for the same period of 2019.
Among the 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, 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 of 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.
Omani hotels received 1.77 million guests and the hotels generated a total revenue of RO229.5 ($594.4 million) in 2019. - TradeArabia News Service
