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FINANCIAL NEWS
Oman star hotels revenue falls by 8 percent in Q1
08 Jun 2016
(MENAFN) Revenues of star hotels in Oman dropped 8 percent to USD 137.14mn in Q1 of this year, compared to the same period of 2015.
Meanwhile, the fall in income was due to a drop in occupancy and to discounted room rates offered to regional residents as part of attracting local people.
Moreover, there was a 2.4 percent drop in occupancy rate, which fell down to 65.3 percent for the cited quarter of this year.
However, the number of guests in all hotels increased by 8 percent to 360,080 for Q1 2016 from 333,383 guests for the same period of 2015.
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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