Oman’s tourism in­dus­try to re­ceive multi-bil­lion-dol­lar boost

In­vest­ments to the tune of $ 1.17 bil­lion al­ready pipelined for the sul­tanate…

Travel Daily ME - - News -

In­vest­ment in Oman’s bur­geon­ing tourism sec­tor set to hit $1.17 bil­lion by 2026, ac­cord­ing to the World Travel and Tourism Coun­cil (WTTC).

The to­tal con­tri­bu­tion of travel and tourism in the sul­tanate is also set to rise to $785 mil­lion over the same pe­riod, the WTTC said.

Oman will show­case its tourism in­fra­struc­ture pipe­line at Arabian Travel Mar­ket (ATM) in Dubai in April as vis­i­tor numbers in the first 10 months of 2016 grew to reach 2.5 mil­lion, rep­re­sent­ing a yearon-year in­crease of 15 per­cent.

To cope with the pro­jected in­creased de­mand, ho­tel sup­ply in Oman in­creased by 2,022 keys in 2016, although oc­cu­pancy rates were down 11% over that pe­riod, largely due to lower oil prices, which sub­dued busi­ness travel, as well as the ef­fect that weaker cur­ren­cies had on the UK and EU leisure mar­kets.

How­ever, this is ex­pected to re­cover by 3% through 2017, said 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,” he said.

“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.” Click here for full story

Grand Mosque Mus­cat

Newspapers in English

Newspapers from Bahrain

© PressReader. All rights reserved.