Oman Wires It's all about Oman
Muscat –
Oman’s push for a liberal visa regime is turning issues about for the tourism market in the nation. After witnessing a downward trend in the final 3 years, the hospitality market in the sultanate has observed a rebound in 2018, which can, in component, be attributed to Oman’s keenness to attract guests from newer markets like India, China, Russia amongst other people.
For final 3 years, the hotel market has been confronted with unfavorable forecasts of ever declining revenues, top to a compounded 33 per cent decline in RevPAR (Revenue Per Available Room), according to Colliers International, that reports the state of the market each and every quarter for MENA area.
Bucking that trend, the new year brought about a optimistic alter. For the very first 3 months of 2018, Colliers’ MENA Hotel Forecasts showed a two per cent Year on Year (YoY) boost in RevPAR for the Muscat hotel market. While it forecast a nine per cent YoY boost in RevPAR for the subsequent 3 months and a complete 4 per cent YoY development for 2018.
According to Colliers’ report on China as supply industry for the GCC, 154mn Chinese are estimated to travel overseas in 2018. Countries about the globe are jostling to get a share of the Chinese travel industry and GCC is not far behind.
According to the report, two.5mn Chinese arrivals are anticipated to GCC by 2021, an boost of 21 per cent in annual development. “GCC countries are expected to receive more travellers in the coming years with Chinese tourists arrivals expected to grow annually in the UAE and Saudi Arabia by 20 per cent and 35 per cent respectively, followed by Oman with 12 per cent till 2021.” Opening of new leisure attractions and enterprise possibilities in the GCC and falling barriers for Chinese travellers to GCC will contribute to this trend, the report added.
“UAE and Oman have successfully been able to put themselves on the travel wish list of Chinese leisure travellers. The introduction of on-arrival visas for Chinese in Oman in May this year, the UAE in November 2016 and Bahrain in 2014 has made travel hassle free.”
Information Source: Muscat Daily
