Total tourist arrivals in Oman to reach record levels in 2024, with BMI forecasting over 5 million visitors

Total tourist arrivals in Oman to reach record levels in 2024, with BMI forecasting over 5 million visitors

Oman's tourism sector is on a positive growth trajectory, with BMI, a Fitch Solutions Company, forecasting a significant surge of 24.7% year-on-year in arrivals for 2024.

The post Total tourist arrivals in Oman to reach record levels in 2024, with BMI forecasting over 5 million visitors appeared first on The Arabian Stories News.Muscat – Expected to breach the 5-million mark for the first time, this projection marks a substantial increase from the 4.3 million arrivals recorded in 2023.“We at BMI forecast Oman’s arrivals to grow by 24.7% y-o-y in 2024 to reach 5.3mn. Our view is supported by Oman’s National Centre for Statistics full year arrivals figures for 2023, published in a report in January 2024, indicating that the market had 4.3mn arrivals in 2023. According to the report published by the Centre, GCC markets accounted for 1.6mn arrivals in 2023. Arrivals from India reached 610,000 in 2023 while arrivals from Germany reached 150,000,” states the report.BMI’s report forecasts continued growth in the medium term, with arrivals reaching a projected 10.8 million by 2028. This puts Oman well on its way to achieving its Vision 2040 target of attracting 11 million tourists annually.While global economic challenges may pose risks, Oman’s tourism