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Oman Tourism Report Q3 2015

59 Pages BMI Research May 06, 2015 SKU: BMI5552906

Oman Tourism Report Q3 2015

BMI View: Tourism plays a key role in the economics of Oman. Through our five-year forecast to 2019weexpect strong growth in all areas. Inbound tourist numbers are set to rise, including those from key marketssuch as Europe. The hotel sector is expected to see significant developments and the country's travelinfrastructure is to receive substantial improvements. Overall, the tourism sector holds good opportunitiesfor investment.

In line with the trend of its Middle Eastern neighbours, Oman has seen a lot of growth in its tourism sector.

Although links with the Asia-Pacific region have always been strong due to good travel infrastructure,important markets such as Europe are beginning to increase the number of inbound tourists to the country.

As further travel links develop and planned hotel developments take shape, we expect these numbers tocontinue to rise throughout the forecast period. By 2019, inbound tourists from Europe are expected to hit384 300 a year. The Omani government has accepted that, in order to release some of the burden on thelucrative hydorcarbons industry, they must look to develop other areas such as tourism. In 2005, in anattempt to realise the potential of the sector, the Omani government established OMRAN, a company set upto develop and manage major tourism projects. The company works with national and international partnersto create revenue and to provide job generation. This committed approach by the government will be vital,with the aim of making tourism an economic driver of the future.

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Oman Tourism Report Q3 2015

BMI Research
May 06, 2015

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