Hotel  Tourism AND Leisure

Tourism is already a major industry in Oman, as outlined by a recent report by Tanfeedh’s ISFU, with plans to increase its contribution to the nation’s GDP to OMR1.5 billion by 2020. The contribution of travel and tourism to GDP in 2017 was OMR849.5 million, or 3.2 per cent of total GDP, according to the World Travel and Tourism Council’s annual report in 2018. A single-entry visa is issued at the point of entry and is valid for one month. There is also an express visa, a multiple entry visa and a common visa with Dubai and Qatar, and GCC resident visa.

Crowe oman brings to the Middle East and Oman its expertise acquired over 25 years of helping the major industries in the Oman. Through involvement in several projects over many years, we have amassed extensive, in-depth knowledge and understanding of the needs of hotel & real estate companies and financial institutions. We provide assistance to investors, developers and hotel and leisure operating companies in the area of improvement and consolidation through a combination of international experience and expert technical knowledge. Our main objective is to provide complete assistance in facing the new and challenging requirements of competition when developing Hotel, Tourism and Leisure (HTL) businesses and in the consolidation of the existing ones.

How we can help:

Services we offer in this industry are world class due to our strong association and partnership with world renowned Horwath HTL. Our services to the Hotel, Resort Owners, Operators, Developers and Investors include:

Planning and Development

• Appraisal reports.
• Destination and large scale project planning.
• Selection of hotel management company and contract negotiation.
• Market entry strategy.
• Market and financial feasibility studies.
• Project capitalization and financial structuring.
• Strategic management and planning.
• Facilities programming.
• Macro tourism analysis.
• Product conceptualization.
• Residual land valuation.
• Strategic planning.

Asset Management and Operational Advisory

• Operational and accountability reviews.
• Asset management advisory.
• Benchmarking.
• Best practice analysis.
• Litigation support.
• Loan underwriting.
• Operational reviews.
• Capital expenditure- Cost/Benefit analysis.
• Reposition strategy and analysis.
• Owner representation property tax appeals.

Transaction and Financial Restructuring

• Asset valuation.
• Corporate merger and acquisition advisory.
• Due diligence.
• Insolvency/Receivership.
• Investment and divestment strategy.
• Loan work-out.