Saturday, February 16, 2013

Oman forecast to see 63% hotel sector growth


Oman's hotel sector is set to grow by more than 60 percent if all 4,613 rooms in the country’s total active pipeline open, according to new data.
STR Global said the sultanate was poised to grow the most in the Middle East and Africa (63.9 percent), with five other countries in the region set to expand by more than 30 percent.
Its latest data for January showed the Middle East/Africa hotel development pipeline comprises 480 hotels totalling 118,023 rooms.
As well as Oman, STR Global said Saudi Arabia's hotel market is expected to grow by 53.2 percent with 27,783 rooms in its active pipeline.

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