HMH – Hospitality Management Holdings recently announced signing of management agreement for Corp Muscat Al Muzn Hotel followed by opening of Coral Muscat Hotel & Apartments.
Speaking at the Arabian Travel Market 2016, Laurent A Voivenel, CEO of HMH said: “Oman is a key development market for HMH in keeping with our strategy to prioritize expansion in GCC. The hospitality industry in Oman is witnessing remarkable growth at the moment and we are eager to capitalize on the market conditions.”
Focusing on the mid-market sector in response to the demand from budget-conscious travellers, HMH has outlined an ambitious expansion strategy to grow its footprint in Oman. Laurent stressed, “Oman saw inbound tourism numbers rise by an average of 7.4% per annum in the last decade and is targeting 12 million visitors annually by 2020 which is fuelling demand for quality mid-market hotels. Oman Ministry of Tourism has forecasted hotel room capacity to expand at an annual growth rate of 5.3% over the next four years while tourism is expected to contribute five percent to the country’s GDP by 2020. Our aim to have six hotels in Oman by 2020 while multiplying by four our total inventory of keys.”
Coral Muscat Hotel & Apartments is part of a shopping arcade and multiplex and features 88 beautifully furnished apartments including 23 one-bedroom apartments, 20 one-bedroom deluxe apartments and 45 two-bedroom apartments.
Corp Muscat Al Muzn Hotel is expected to open its doors by first quarter of 2018. The property features 132 guestrooms along with key features such as a multi-cuisine restaurant with room service, business centre services, conference facilities, basement car parking, free wireless high-speed Internet, rooftop swimming pool and spa facilities.