Now Available: Oman Tourism Report Q2 2013

Fast Market Research recommends "Oman Tourism Report Q2 2013" from Business Monitor International, now available

by Bill Thompson

(WireNews+Co) - Boston, MA - 19 March 2013

This quarter BMI has revised and restructured its tourism reports, incorporating a greater range of data and focusing on the hotel industry, the value of the tourism industry itself, and the impact of macroeconomic factors.

The Oman Tourism Report examines the significant long-term potential offered by the local tourism industry, but flags short-term concerns around the fact that Oman is currently served by significantly fewer direct flights than other tourist destinations in the Gulf, as well as the country's need to invest in improving infrastructure and developing a wider range of tourism facilities. The report also analyses the investment potential which Oman offers to large tourist industries - particularly global hotel groups - as they seek to maximise the growth opportunities being offered by the local market at the present time.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/552363_oman_tourism_report_q2_2013.aspx?afid=201) (http://www.fastmr.com/prod/552363_oman_tourism_report_q2_2013.aspx?afid=201)

Oman's tourist industry performed strongly in 2012. In the absence of full-year tourist arrival figures from the Ministry of Tourism for the year, BMI has considered the total number of passengers travelling through Muscat International Airport as a proxy.

The number of passengers passing through Muscat International Airport was up by 16% year-on-year (y-oy) over 2012, to reach 7,546,715, according to the Oman News Agency. Although a significant number of these passengers were in transit, BMI believes that this upward trend does indicate that 2012 will have proved a strong year for tourist arrivals into the Gulf state once final figures are released by the Omani tourist authorities.

An overview of Oman's top ten inbound tourism markets highlights the fact that its tourism source markets are well diversified around the globe. Its top five markets are India, the UAE, Germany, the US and the UK. This bodes well for future tourism development over the forecast period.

Overall, BMI remains optimistic about the outlook for the Omani tourism industry. The country is planning significant increases in the national room supply, to reach more than 20,000 rooms by 2015, while airport capacity is also set to treble at Muscat and Salalah.

- BMI believes that the number of hotels and other accommodation establishments in Oman will increase across our newly-extended forecast period to 2017. The country is currently perceived as offering extremely attractive investment opportunities for hotel groups and other tourist-related industries, largely due to rising domestic tourism and regional tourism, supported by an increase in higher disposable incomes.
- Among new hotel openings scheduled for 2013 are Carlson Rezidor opening a new 235-bedroom Crowne Plaza property in Duqm, with Starwood Hotels & Resorts soon to reopen the Sheraton Muscat after extensive renovations.
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