Oman tourism strengthens as hotel guests hit 2.14m, revenues rise 21% 

Tourists visiting the Sultan Qaboos Grand Mosque in Muscat. Shutterstock
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Updated 04 January 2026
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Oman tourism strengthens as hotel guests hit 2.14m, revenues rise 21% 

JEDDAH: Oman’s tourism sector strengthened through November, with hotel guest numbers rising to 2.14 million and revenues at higher-end properties jumping more than 21 percent, supported by events and air travel. 

Hotel revenues at three- to five-star properties reached nearly 258 million Omani rials ($670 million), up from 212.4 million rials during the same period in 2024, while average occupancy increased to 55.4 percent from 48.6 percent, according to official data published by the Oman News Agency. 

Domestic tourism continued to underpin growth, with Omani guests increasing 7 percent to 791,286. Visitors from Gulf Cooperation Council countries rose 7.4 percent to 195,825, while arrivals from other Arab nations slipped 1.6 percent to just over 94,000.  

“These indicators reflect the positive performance of Oman’s hotel sector, supported by the ongoing growth in tourism activity,” the ONA report stated. 

International demand strengthened across key markets. Guests from Asia increased by 10 percent to 305,460, and African visitors rose by 19.3 percent to 13,246, while European arrivals jumped 23 percent to 574,243.  

Travelers from the US increased nearly 30 percent to 69,697, and arrivals from Oceania surged 35.5 percent to 38,028. African visitors rose 19.3 percent to 13,246.  

Growth in leisure travel was complemented by expanding business and events activity. The Oman Convention and Exhibition Center generated a direct economic impact of nearly 15 million rials in 2025, hosting regional and international events that attracted 20,000 participants and investors from around 60 countries, ONA reported. 

Said bin Salim Al-Shanfari, CEO of OCEC, said the center’s achievements reflect its role as a national platform that directly supports the economy while enhancing Oman’s competitiveness in conferences, exhibitions, and events.  

He highlighted that OCEC hosted over 250 local, regional, and international events, attracting more than 1.9 million visitors, participants, and investors. He also emphasized the center’s support for over 100 small and medium-sized enterprises and graduation ceremonies for 65,000 students, reinforcing its social and economic role. 

Cultural and artistic events, including concerts and exhibitions, attracted more than 11,000 visitors, contributing to longer stays and higher hotel occupancy. 

The CEO concluded that OCEC is progressing confidently, utilizing strategic partnerships to attract more events and strengthen its role as a hub that connects business, culture, and society while boosting Oman’s regional and international standing. 

Air travel data reinforced the recovery trend. Passenger numbers at Muscat International Airport rose 1.8 percent to nearly 11.94 million by the end of November, even as total flights declined 4.1 percent to 84,296. 

“The data showed that international flights at Muscat International Airport totaled 75,460, down 5.2 percent, carrying 10.72 million passengers, up 0.7 percent. Meanwhile, domestic flights rose 6.7 percent to 8,836, carrying around 1.22 million passengers, a 12.5 percent increase,” a separate ONA report stated, citing NCSI. 

At Salalah Airport, passengers rose 10 percent to over 1.57 million, while total flights increased around 6 percent to 10,237. International flights totaled 4,489, carrying 622,198 passengers, down 0.7 percent, while domestic flights rose 13.6 percent to 5,748, carrying 952,098 passengers, up 18.3 percent. 


Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

Updated 22 February 2026
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Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

RIYADH: Saudi Arabia’s foreign reserves climbed 3 percent month on month in January to SR1.78 trillion, up SR58.7 billion ($15.6 billion) from December and marking a six-year high.

On an annual basis, the Saudi Central Bank’s net foreign assets rose by 10 percent, equivalent to SR155.8 billion, according to data from the Saudi Central Bank, Argaam reported.

The reserve assets, a crucial indicator of economic stability and external financial strength, comprise several key components.

According to the central bank, also known as SAMA, the Kingdom’s reserves include foreign securities, foreign currency, and bank deposits, as well as its reserve position at the International Monetary Fund, Special Drawing Rights, and monetary gold.

The rise in reserves underscores the strength and liquidity of the Kingdom’s financial position and aligns with Saudi Arabia’s goal of strengthening its financial safety net as it advances economic diversification under Vision 2030.

The value of foreign currency reserves, which represent approximately 95 percent of the total holdings, increased by about 10 percent during January 2026 compared to the same month in 2025, reaching SR1.68 trillion.

The value of the reserve at the IMF increased by 9 percent to reach SR13.1 billion.

Meanwhile, SDRs rose by 5 percent during the period to reach SR80.5 billion.

The Kingdom’s gold reserves remained stable at SR1.62 billion, the same level it has maintained since January 2008.

Saudi Arabia’s foreign reserve assets saw a monthly rise of 5 percent in November, climbing to SR1.74 trillion, according to the Kingdom’s central bank.

Overall, the continued advancement in reserve assets highlights the strength of Saudi Arabia’s fiscal and monetary buffers. These resources support the national currency, help maintain financial system stability, and enhance the country’s ability to navigate global economic volatility.

The sustained accumulation of foreign reserves is a critical pillar of the Kingdom’s economic stability. It directly reinforces investor confidence in the riyal’s peg to the US dollar, a foundational monetary policy, by providing SAMA with ample resources to defend the currency if needed.

Furthermore, this financial buffer enhances the nation’s sovereign credit profile, lowers national borrowing costs, and provides essential fiscal space to navigate global economic volatility while continuing to fund its ambitious Vision 2030 transformation agenda.