Oman Tourism Report - Business Monitor International - Industry Reports

Oman Tourism Report

Oman Tourism Report - Business Monitor International - Industry Reports
Oman Tourism Report
Published Oct 22, 2016
32 pages — Published Oct 22, 2016
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Abstract:

Total arrivals, --- (LHS) Total arrivals, ---, y-o-y (RHS) ---- ---- ----e ----f ----f ----f ----f ----f - --- -,--- -,--- - -.- - -.- -.- e/f = BMI estimate/forecast. Source: National sources, BMI Oman s regional source markets for inbound tourism arrivals are relatively diverse, which helps to lessen the impact of a decline in any particular region. The Asia Pacific region is the largest source market, followed by Europe and then the Middle East. Oman benefits from its proximity to affluent countries in the Middle East and Asia Pacific regions where increasing numbers of the population have disposable income for luxury non-essential purchases such as foreign holidays, though there is some potential for travel to be dampened by the decline in global oil prices which is affecting regional economies. Oman also benefits from a multitude of regional travel links as well as visa schemes, which reduce barriers to entry (such as the inclusion of visa-free travel for visitors from Gulf Cooperation Council countries). We expect to see growth in arrivals from all regions over the remainder of the forecast period, with the Asia Pacific region continuing to post the strongest annual growth rates, averaging around -.- each year between ---- and ----. This growth is predicated upon major economies such as India and China which, although not repeating previous boom year growth rates, are still expected to show healthy growth which in turn will

...Oman s tourism industry will have grown by -.- by the end of ----, picking up after a slow ---- (when -.- was achieved). Growth is expected to continue across ----, despite a drop in arrivals from the UAE and Germany following increasingly difficult economic and regional issues. ...Growth is expected to continue across ----, despite a drop in arrivals from the UAE and Germany following increasingly difficult economic and regional issues. Oman is largely considered a stable and safe destination for tourists and could benefit from a downturn in travel to destinations such as Egypt, though, as with other countries in the region, it is vulnerable to a reduction in tourism due to negative regional security perceptions. The government is keen to increase tourism, with measures such as the introduction of e-visas and expansion of regional and global flight routes likely to facilitate greater visitor numbers. Coordinated government investment (such as the acquisition of strategic travel and tourism industries) has continued, allowing a concerted effort to diversify the country s revenue streams away from natural resources and to provide high levels of employment. Over the medium term, ---------, we expect growth in inbound tourism to gather pace, averaging around -.- year-on-year (y-o-y) throughout the remainder of the

...< ALACRA META ABSTRACT>BMI View: The Omani government has firmly set out its stall in backing tourism as an industry in a move to diversify away from oil and gas for revenue. Over the next five years there is set to be solid growth in this area as transport infrastructure is improved and the hotel base expands significantly. ...

  
Source:
Document ID
1758-4930
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Oman Tourism Report" Oct 22, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Oman-Tourism-Report-2026-676>
  
APA:
Business Monitor International - Industry Reports. (2016). Oman Tourism Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Oman-Tourism-Report-2026-676>
  
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