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The average room rent recovery is almost 40% less than other five star hotels in the market due to non- competitive pricing and irrational banquet rates
France is the second most expensive country for renters with an average room rent of pounds 342 per month, followed by Italy, where rents are pounds 282 pcm, still 22 per cent cheaper than in the UK.
Across the UK, the average room rent is pounds 365 per month - 21.
The city of Muscat has more than 1,600 hotel rooms in the luxury category and the current economic scenario would not allow the hotels to raise their average room rent in order to boost revenues, Zubair added.