Oman hotel guests fall 10.7% and revenue 11%
Oman's hotel guests fell 10.7% to 1.35 million and revenue dropped 11% to OMR 156.5 million between January and August, with occupancy down in September.
The number of hotel guests in Oman fell 10.7% to 1.35 million between January and August, and sector revenue dropped 11% to OMR 156.5 million, equivalent to $407 million, according to Skift.
In September, occupancy fell 6.4 percentage points to 47.3%, while the average daily room rate dropped 10.5% to about $100.
Revenue per available room fell 21% to about $47, an indicator that measures room revenue regardless of whether the room is occupied.
According to the source, regional visitors kept arrivals steady but did not compensate for the decline in hotel occupancy.
What do these terms mean?
Revenue per available room (RevPAR): An indicator measuring average revenue from every available room, whether occupied or empty.
Average daily rate (ADR): The average price a guest pays for one night in a room.
Occupancy rate: The ratio of occupied rooms to total available rooms in a hotel during a given period.
Arrivals: The number of travellers coming into a country from abroad during a specific period.
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