Oman’s tourism industry to receive multi-billion-dollar boost
Investments to the tune of $ 1.17 billion already pipelined for the sultanate…
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
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