Companies across Oman are grounding their staff as corporate travel from the Sultanate has its wings clipped by austerity. Airlines serving the Sultanate and travel agents have both reported a drop in bookings from business travelers, both in economy and premium class, another sign that low oil prices continue to impact the country’s economy.
However, if the corporate bookings dip continues it may prove to be good for the general passenger, with airlines saying more offers would be one tactic to tempt back fliers.
A top official from Oman Air, the national carrier of Oman, said many companies are trimming their travel requirements to cope with the falling oil prices leading to the fall in the corporate bookings.
“Many companies are trimming their travel requirement to cope with the falling oil prices. This has impacted Oman Air as well since there has been a dip in the corporate bookings, which constitute an important sale segment for any airline. Our sales and marketing expert teams are always monitoring the market and work on offering a suitable solution, be it with the General Sales Agents or corporate accounts directly.” Says Jamal Al Azki, country manager, Oman, Oman Air.
An official from the UAE-based airline serving Oman said that low oil prices are acting as ‘a double-edged sword’.
Times of Oman