Africa -  Seychelles

The Seychelles has been very good at reinventing themselves after a few years of “crisis”. The tourism authorities put in a lot of effort and it is likely to foster the attractiveness and marketability of the archipelago. The Seychelles targeted new feeder markets, such as China, India and the GCC countries. The opening of new air routes increased the accessibility to the island: Air Seychelles opened four flights per week to Johannesburg and one flight to Beijing and Turkish Airlines and Qatar Airways also started to fly in. Occupancy increased to above 70%, its highest level since 2009 and rates exceeded US$400, benefiting from the high-spending profile of GCC visitors. It’s worth noting that the Seychelles substantially boost the African Value Average; with values that are double the values of the second highest market in Africa. While the African Average is US$152,431 including the Seychelles market, it drops to US$134,220 when it is excluded.

A significant amount of new supply is expected to open in the near future, including a Four Seasons and a Six Senses. However, these are likely to be the last to open in the next few years as the government announced a moratorium on large scale projects to prevent any large-scale property from entering the market in the next few years and keep occupancy level at their highest. Hotel values increased by 14.8% in 2016 proving the health of the Seychelles tourism market.

Exchange Rate:

Exchange Rate 2015 Exchange Rate 2016 Change 2015/2016 Exchange Rate 2017 Change 2016/2017
US$ 1 1 0
Seychelles 0.07077 0.07109 0.5% 0.07393 4.0%

Change In Value For Market:

Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Seychelles RevPAR Change

Seychelles RevPAR

Year RevPAR
2010 289.26
2011 330.25
2012 264.14
2013 238.14
2014 243.48
2015 254.60
2016 292.16
2017 304.14

For more information, please contact:

Tim Smith, MRICS
[email protected]
  • +27 797 342296 (w)
Laura Dutrieux
[email protected]
Laura Dutrieux
[email protected]