MUSCAT: Despite reputable hotel chains such as JW Marriott entering the Oman market recently, occupancy levels in Muscat have declined by over 8% in the past year, Hotelier Middle East reports.
Quoting Tri Consulting director Christopher Hewitt, Hotelier Middle East reported that Oman’s hotel industry has experienced a “challenging year”.
“Although the hotel industry is currently struggling in Muscat, it is unlikely to improve due to poor regional demand,” the reported quoted the official as saying.
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“Muscat’s four and five-star hotel market saw an 8.6% decline in occupancy to 61.3%, on the back of weaker demand and increased supply. The decline in occupancy levels directly impacted RevPAR which fell 9.0% to US$ 120.2.”
“Based on supply projections Muscat is expected to witness another 2,200 keys enter the market in 2019 with the majority of new properties positioned as upscale or higher.”
Monthly statistics released by the National Centre for Statistics and Information (NCSI), said that hotel occupancy rates fell by 2.7% to reach 62.4% in January against 64.2% last year for the whole of Oman.
