Hotel revenues rise 18.2% to ROO41.21mn in H1 2025
Guests rose 9.2% year-on-year to 1,142,702, up from 1,046,224. Occupancy rates increased 14.4% to 54.7%, compared to 47.8% in the first half of 2024.
By nationality, Oceanian visitors recorded the highest growth rate, up 57.9% to 24,681 guests, followed by African visitors, up 40.6% to 7,794. Guests from the Americas increased 22.3% to 39,293, while European arrivals rose 20.1% to 358,190.
GCC visitors grew 10.6% to 83,140, and Omani guests rose 5.7% to 384,222. Asian arrivals increased 2.4% to 163,286, while guests from other Arab countries declined 1.4% to 48,453.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
11 hours ago
- Observer
Oman's sale contract values up 12.4%
MUSCAT: The value of sale contracts in the Sultanate of Oman rose by 12.4% to RO 613 million by the end of June 2025, compared with RO 545.6 million during the same period in 2024. Figures from the National Centre for Statistics and Information (NCSI) showed that total real estate transactions stood at around RO 1.36 billion by June 2025, down 3.5% from RO 1.41 billion a year earlier. Fees collected from all legal transactions increased by 25.5% to RO 40.5 million, up from RO 32.3 million last year. However, the number of sale contracts fell by 2.3% to 31,831 compared with 32,596 in the same period of 2024. The value of mortgage contracts dropped by 13.4% to approximately RO 742.2 million for 10,647 contracts, against RO 856.7 million for 10,028 contracts last year. Swap contracts also declined, with 596 agreements worth RO 4.8 million, compared with 671 worth RO 7.3 million a year earlier. Meanwhile, the number of real estate titles issued rose slightly by 0.8% to 110,551, from 109,666 last year. Titles issued to GCC citizens grew by 4.7%, reaching 697 compared with 666 in June 2024. — ONA
Observer
11 hours ago
- Observer
Is Trump winning on economic policy?
Six months into his second term, it is fair to say that US President Donald Trump has swept the board when it comes to economic policy – at least by the standards he set for himself. In fact, he has imposed his will to a degree no other post-World War II president, with the possible exception of Ronald Reagan, has been able to achieve. For starters, Trump got his One Big Beautiful Bill Act passed, despite a razor-thin majority in the House of Representatives and credible projections that his signature tax and spending package will add more than $3 trillion to the federal deficit over the coming decade (barring a miraculous AI-driven economic boom). And the southern US border is now more tightly controlled than it has been in decades. On tariffs in particular, Trump got what he wanted. Europe and Japan effectively capitulated – agreeing to eliminate their own trade barriers while accepting a 15 per cent US tariff on their exports. Given these humiliating terms, it was more than a little absurd to see European Commission President Ursula von der Leyen hail the deal as a success simply because Trump backed down from his initial threat of a 30 per cent tariff. Both the European Union and Japan also committed to invest hundreds of billions of dollars in the US economy, with Trump exerting significant influence over where that money would be directed. His self-styled 'Tariff Man' persona clearly rattled world leaders, many of whom failed to recognise that his threats were unsustainable in the long run. In retrospect, they would have been better off calling his bluff. Instead, last Thursday, an emboldened Trump announced new tariffs on nearly every country in the world. While European policymakers were busy mitigating the impact of American tariff threats, Trump pushed through legislation aimed at bringing cryptocurrencies into the mainstream financial system with minimal oversight. Astonishingly, despite the Trump family's multi-billion-dollar crypto holdings, Congress has shown little interest in investigating the president's glaring conflict of interest. In fact, Trump has faced more public scrutiny for withholding the Jeffrey Epstein files than for his crypto dealings. Trump has faced more public scrutiny for withholding the Jeffrey Epstein files than for his crypto dealings. To be sure, the GENIUS Act does contain some worthwhile ideas. One provision, for example, requires that stablecoins – cryptocurrencies pegged to a traditional currency or commodity, usually the dollar – be backed by safe, liquid assets. But overall, instead of laying out clear guidelines for taming the crypto Wild West, the GENIUS Act amounts to little more than a regulatory skeleton. As several critics have noted, Trump's stablecoin framework bears striking similarities to the free-banking era of the 1800s, when the United States did not have a central bank. At the time, private banks issued their own dollar-backed currencies, often with disastrous consequences such as fraud, instability, and frequent bank runs. With thousands of stablecoins expected to flood the market, similar problems are bound to emerge. That said, some criticisms may be overstated, as today's leading issuers are generally more transparent and better capitalised than their nineteenth-century counterparts. A more urgent and underappreciated problem is that the new legislation will make it far easier to use dollar-based stablecoins for tax evasion. While large-denomination paper currency presents similar challenges, the scale of the threat posed by stablecoins is much greater. And yet, despite these risks, Trump once again got exactly the legislation he wanted. Fortunately, the US economy has remained resilient amid the uncertainty and chaos unleashed by Trump's tariff war. Although growth appears to be slowing, and the July jobs report was soft – a hard reality that Trump's firing of the technocrat in charge of producing the data will not change – second-quarter data show that the country is not yet in a recession. Likewise, higher tariffs have not yet triggered a surge in domestic inflation, and the US is on track to collect $300 billion in tariff revenue in 2025. So far, importers have been reluctant to pass those costs on to consumers, but that could change if the current tariff war ever winds down. Some analysts have even argued that the apparent success of Trump's heterodox policies proves that conventional economic models are wrong. I doubt that, though the jury is still out. This short-term optimism, however, overlooks long-term consequences. While some of former President Joe Biden's policies were damaging, numerous economists have warned that Trump's actions could prove devastating to American institutions and the global economic order. Most critically, the rule of law would be severely weakened if the expanded presidential powers Trump has claimed are allowed to become permanent. A big test is coming if the Supreme Court ultimately decides that he lacks the authority to impose tariffs without Congress's approval. If they stand, Trump's sweeping tariffs may have long-term effects on US growth. The rest of the world is unlikely to tolerate Trump's protectionist policies indefinitely. If he starts to look weak for any reason, expect foreign governments to retaliate with sweeping tariffs of their own. The Big Beautiful Bill could compound the damage, triggering a cycle of higher interest rates, rising inflation, and financial repression. Still, we should give Trump his due and acknowledge that his second presidency is off to a far stronger start than almost anyone – aside from Trump himself and his most fervent acolytes – could imagine six months ago. We should not be surprised by whatever comes next – and that might be the scariest part. @Project Syndicate, 2025
Times of Oman
17 hours ago
- Times of Oman
Real estate sale contracts in Oman rise by 12.4% to OMR613mn
Muscat: The value of real estate sales contracts in the Sultanate of Oman increased by 12.4% to reach OMR613 million by the end of June 2025, up from OMR545.6 million during the same period in 2024. Data from the National Centre for Statistics and Information (NCSI) shows that the total value of traded real estate in Oman was approximately OMR1.36 million by the end of June 2025, marking a 3.5% decrease compared to OMR1.41 million in the corresponding period of 2024. The data also revealed a 25.5% increase in fees collected from all legal transactions, reaching OMR40.5 million, compared to OMR32.3 million in the same period last year. In contrast, the number of sales contracts declined by 2.3% to 31,831, down from 32,596 contracts during the same period last year. Furthermore, the value of mortgage contracts decreased by 13.4% to approximately OMR742.2 million, covering 10,647 contracts. This is a drop from OMR856.7 million for 10,028 contracts recorded by the end of June 2024. Exchange contracts also saw a decline, with 596 contracts traded for a value of OMR4.8 million by the end of June 2025, compared to 671 contracts worth OMR7.3 million during the same period in 2024. The number of issued real estate title deeds saw a slight increase of 0.8%, reaching 110,551 by the end of June 2025, up from 109,666 titles in the same period of 2024. Additionally, the number of titles issued to GCC citizens increased by 4.7% to 697, compared to 666 by the end of June 2024.
