According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.
Oman's GDP growth is expected to rise to 5.2% next year, aided by the introduction of natural gas production at the Khazzan gas field and the opening of the new airport in Muscat.
A government-led delegation of UK investors and developers are set to visit the Middle East to strike deals with investors as they continue to plough their wealth into the UK post-Brexit.
According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
International property consultant Cluttons is now predicting a rise in build-to-suit developments in Oman as occupiers seek a tailor made approach to commercial developments.
According to international property consultant Cluttons, after five consecutive quarters of stability in the residential lettings market, rents across Muscat dipped slightly during Q3 2015.