412 hotels, 22,182 rooms till the finish of 2018: MoT

Next up is South Sharqiyah with 52 hotels and 1,077 hotel rooms, Dakhliyah 41 hotels and 1,254 rooms, North Batinah 30 hotels, 1,138 rooms, Buraimi 28 hotels, 977 rooms, North Sharqiyah 27 hotels, 484 rooms, South Batinah 16 hotels, 427 rooms, Al Wusta 13 hotels, 592 rooms, Musandam nine hotels, 471 rooms and Dhahirah seven hotels and 80 hotel rooms.

From 10,924 hotel rooms in 2017 to an anticipated 16,866 rooms in 2021, Muscat is to witness the biggest quantity of new hotel chains opening in the capital, and is anticipated to drive a 12 per cent Compound Annual Growth Rate (CAGR) in the subsequent 3 years, according to information released by Colliers International.

According to Oxford Business Group report, other internationally branded hotels with completion dates in the coming years contain 3 brands of Starwood Hotels &amp Resorts in the capital: the 175-area Aloft Muscat, a 250-crucial W and a 100-area 3-star extended-keep apartments beneath the Element name. In 2020 Accor’s new 200-area Novotel Muscat Azaiba is scheduled to open, whilst IHG’s Intercontinental Muscat Hills Golf Resort and Spa started operates in 2017. Work on the 206-area, 5-star Saraya Bandar Jissah Resort was beneath way as of October 2018, as was the 320-area JW Marriott Muscat Convention Centre hotel. Wyndham Hotel Group’s Ramada Encore and Ramada Hotel &amp Suites brands are also each constructing hotels in Muscat’s Ghubra suburb, the former a 3-star, 200-area venue and the latter supplying 90 4-star suites.

Tourism arrivals to Oman will boost at a CAGR of 13 per cent among 2018 and 2021, according Colliers. The boost in arrivals will be fuelled by guests from across the GCC, who accounted for 48 per cent of guests in 2017. Furthermore, supported by new visa processes and enhanced flight connections, arrivals from India (ten per cent), Germany (six per cent), the UK (5 per cent) and Philippines (3 per cent) are also anticipated to contribute heavily to the country’s tourism development.

However, Oman’s biggest supply marketplace has been the Middle East with arrivals growing at an annual price of 20 per cent recorded among 2012 and 2017.

Information Source: Muscat Daily