General

Hotel Revenue Exceed RO 229.2 Million by End of 2023


Muscat: The revenue of (3-5) star hotels in the Sultanate of Oman by the end of 2023 recorded a surge by 23.4% to stand at RO 229,256,000 compared to the same period in 2022 when it stood at RO 185,772,000, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

Statistics indicate that this rise is attributed to the increase in the total number of hotel guests by 27.1% to stand at 2,071,169 guests by the end of 2023 compared to 2,629,205 by the end of 2022, with an occupancy rate of 8.8%.

Omani guests constituted 10% to stand at 769,790. The number of GCC guests increased by 23.8% to stand at 198,489, followed by the European guests which surged by 43.6% to stand at 517,278.

The number of guests from the two American continents stood at 57,752, while the number of guests from the African continent stood at 11,670, comprising a rise by 29.2%. The number of Asian guests increased by 35.2% to reach 297,270.

Meanwhile, the number of guests from Oceania surged by 133.
8% to stand at 44,726.

Source: Oman News Agency