"Oman Tourism Report Q3 2014" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Jun 18 2014

The Oman Tourism Report explores the investment potential that Oman offe rs to large tourist industries, p articularly global hotel groups, as they seek to maximise the growth opportunities in the local market .

In February 2014, the Oman Daily Observer cited an unnamed official from the Ministry of Tourism as saying that tourist arrivals were up by 6% in 2013. This growth, if confirmed by the release of final figures, would be just above BMI's own forecast of 4%.

In 2013, total passenger traffic (including transit and transfer passengers) through Muscat rose by 10% year-on-year (y-o-y) to 8,310,927 passengers, according to a report by the Oman News Agency. The number of arriving passengers was up by 9% y-o-y, at 4,179,863. However, the number of departing passengers was up by 12%, at 4,086,300. These figures tie in with BMI's own view that outbound tourism will show a stronger growth rate (+27.6%) than inbound tourism (+19.2%) over the 2014-2018 forecast period.

Full Report Details at
- http://www.fastmr.com/prod/836147_oman_tourism_report_q3_2014.aspx?afid=302

In February 2014, Arabian Business reported that Omani hotels had registered an 11% rise in revenue across 2013, according to figures released by the National Centre for Statistics and Information (NCSI). The NCSI report found that the total revenues of 31 four- and five-star hotels reached OMR149.3mn (USD387.8mn) in the reported period, compared with OMR134.5mn (USD348.45mn) in 2012. The statistics also revealed that the total number of hotel guests in 2013 rose by 10.8%, to 614,000, compared with 554,000 in 2012. Occupancy rates were also strong at the high end, with five-star hotels posting an overall occupancy rate of 60.6% for 2013, up from 55.3% in 2012, and four-star hotels seeing an increase in occupancy rate of 5.1%, to 56.7%.

Towards the end of our forecast period, the opening of the USD1bn Oman Convention and Exhibition Centre in 2016 is likely to provide a further boon for hoteliers in Muscat as more business travellers will start to come to the country. The centre will...

The Oman Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Oman Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Omani tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for Oman to test other views - a key input for successful budgetary and planning in the Omani tourism market.

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