Oman's hotel industry continues to reel from pandemic impact
Oman's hotel industry continues to reel from pandemic impact
Published 28 Jul,2021 via Muscat Daily - Oman's hotel industry continues to reel from historic drop in revenues and mounting losses due to the impact of the COVID-19 pandemic.
More than 16 months into the pandemic, hotels in Oman are still struggling with low occupancy rates amid ongoing travel restrictions around the world.
Latest data released by the National Center for Statistics and Information (NCSI) still paints a gloomy picture for the hotel industry. Total revenues of Omani hotels – within 3 to 5 star categories – further plunged by 35.8 per cent to RO37mn in the first half of 2021 compared to RO57.67mn recorded in the same period of 2020.
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