Oman Tourism Q4 2018
The short- and medium-term outlook for Oman’s tourism industry is positive with healthy growth forecast on the five-year horizon out to 2022. Strong capital investments into the accommodations and infrastructure sector coupled with activemarketing campaigns will provide the backdrop for a dynamic market growth. Positive momentum will be further bolstered byincome growth in crucial source markets, rising demand for international travel and relaxed visa restrictions. We note that themarket remains small by regional standards but contains significant untapped organic growth potential that is being unlocked aspart of the government’s wider economic diversification strategy.
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