Oman's Tourism Industry Soars with 26.3% Revenue Growth
- Publish date: Wednesday، 04 October 2023 | Last update: Friday، 13 October 2023
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Oman's tourism sector is flourishing, showing a 26.3% growth in revenue, reaching OMR 138.38 million ($359.43 million) by August 2023.
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The National Centre for Statistics and Information reports that the number of luxury hotel guests surged by 26.7% to 1.28 million within a year. Notably, European and Asian tourists visiting Oman increased by 44%, while guests from Oceania rose by 229%.
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Oman's government recently approved 19 integrated tourism complex projects worth OMR4.38 billion to boost the industry further.
Stemming from a 2016 strategy, Oman aims to uplift the number of annual tourists to 11.7 million by 2040, up from 2.6 million in 2015.
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Oman seeks to raise tourism's contribution to GDP from 2.6% to 6%. A dedicated OMR20 billion fund backs this program as part of Oman's Vision 2040 economic plan.