Oman’s Hotel Development Rate Grows by 7%

21st July 2011 (Last Updated July 21st, 2011 18:30)

Oman's growth in the number of hotels and hotel rooms progressed at an average rate of around 7% per year over the last five years, despite fluctuations, according to figures released by Oman's Ministry of Tourism. The figures show that the comparative rate of hotel development in the

Oman’s growth in the number of hotels and hotel rooms progressed at an average rate of around 7% per year over the last five years, despite fluctuations, according to figures released by Oman’s Ministry of Tourism.

The figures show that the comparative rate of hotel development in the country slowed during 2006-10 compared with 2000-05.

According to property consultant Cluttons, Oman’s hotel projects are identified as having a moderate-to-high chance of being built over the next five years and will add approximately 5,000-6,000 rooms to the three-to-five star hospitality sector in Muscat.

This equates to an average annual growth rate of 18-21% over the next five years.

Oman’s tourism industry to set to grow from 1.5% of total GDP in 2010 to 2.4% of GDP by 2020, according to the World Travel & Tourism Council.