Tourism on a roll in Oman with billion dollar investment plan

Published on : Wednesday, February 22, 2017

omanTotal investment in travel and tourism in Oman is set to hit $1.17 billion by 2026. Visitor numbers went up by 15% through October 2016. Hotel occupancy rates are forecasted to rise by 3% this year. Oman’s travel and tourism industry is gradually gathering impetus, with total investment in the sector set to hit US$1.17 billion by 2026, as stated by the WTTC.

 
The Sultanate returns to Arabian Travel Market (ATM) at Dubai World Trade Centre this year (April 24-27), which will showcase its increasing hotel and tourism infrastructure. To quote Simon Press, Senior Exhibition Director, ATM, “It is no wonder that Oman is so popular and was recently named as one of the top ten places to visit in 2017 by a selection of the world’s top media. The country boasts a fantastic mix of culture, history and adventure for travelers, while the $120 million Majarat Oman futuristic theme park, set to open in 2017, will add to the huge selection of options available for families.” According to WTTC, the total contribution of travel and tourism in the country is set to rise to $785 million by 2026.

 
The Colliers report said: “With the recent opening of the Oman Convention & Exhibition Centre, which is expected to host around 28 exhibition events in 2017, the market is expected to see a slight recovery, with the hotel occupancy forecasted to close at 58%.”

 
Oman currently has 15,843 hotels, with another 6,347 rooms under way, representing an increase of 40.1%. A further area of growth for Oman is through passengers arriving at the country’s airports. The new terminal at Muscat International Airport, which is expected to open this year, will have a capacity of 12 million passengers per annum.

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