Oman’s hospitality sector skyrockets: 26.6% surge in 5-star hotel revenues

Oman’s hospitality sector skyrockets: 26.6% surge in 5-star hotel revenues

The Sultanate of Oman's 5-star hotels have witnessed a remarkable financial upswing.

The post Oman’s hospitality sector skyrockets: 26.6% surge in 5-star hotel revenues appeared first on The Arabian Stories News.Muscat – The Sultanate of Oman is experiencing a hospitality renaissance, as 5-star hotels report a substantial revenue surge of 26.6%, culminating in a staggering 204 million and 187 thousand OMR by November 2023. This considerable growth, compared to the OMR 161,262,000 recorded in the corresponding period of 2022, underscores the resilience and appeal of Oman’s tourism industry.In a parallel trajectory, the total number of hotel guests witnessed a robust increase of 30.3%. The end of November 2023 saw a record-breaking 1 million and 883 thousand and 993 guests, a significant uptick from the 1 million and 446 thousand and 189 guests in the same period in 2022.Omani guests increased by 11.3%, totalling 716,000 and 585, while Gulf guests saw a substantial 27.9% rise, reaching 185,671. European guests experienced a remarkable 47.1% surge, recording 447,033 visitors.Oman’s hospitality extended globally, with a 35.6% increase in guests from the African continent, totalling 10,588. The Asian contingent also grew by 41.8%, boasting 270,320 visitors, and Oceania registered a staggering 165.4% rise, welcoming 40,188