Oman hotel price drops as there number of hotels increases

Published on : Thursday, September 14, 2017

Oman and QatarThe cost of the hotel rooms in Oman has almost dropped about 9% over the last there months as there are more number of hotels grown across the country.

 

 

Oman, officially known as the Sultanate of Oman dotted with many religious and natural destinations have opened many luxury and comfortable hotels and accommodations. For this reason, all the prices in hotels are dropped.

 

 

 

During the 2005 to 2016 period, the hotel supply in Muscat has tripled from 2,900 to 9,600 keys.

 

 

This pace of hotel expansion apparently visualized the boosting of tourism economy and it is also expected to be maintained moving forward, with almost 3,400 keys currently under construction and expected to become operational by 2018, with a further nine thousand new rooms to open by 2021, depending on the pace of planned and on-hold projects.

 

 

In the recent economy there is a new addition to the hotel market during the first half of the year.

 

The pressure on Average Daily Rate (ADR) at hotel rooms has remained intense, with an 8.9 per cent decrease for the period June year-to-date, as rates dipped to OMR65.89 per room per night from OMR71.81 per room per night in the same period last year.

 

 

The revenue per available room (RevPAR) also saw a notable decline in the this economical, falling from OMR42.79 per room per night in the first half of 2016 to OMR39.82 per room per night in 2017, reflecting a 6.9 percent drop.

 

 

Foreseeing the drop, Firas Rashid, director of Sales and Marketing, Anantara Jabal Akhtar, said that the average cost of hotel rooms will go down as the number of hotels increases, but it must also to remember that the number of tourists coming to Oman is also increasing organically, year on year.

 

 

One of the reasons for that is the new airport, which will bring more flights to Oman and connect the country with more direct routes.

 

 

 

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