Africa -  Indian Ocean - Mauritius

Mauritius continues to be one of the richest and most popular destinations in Africa, the only Sub-Saharan African economy ranked in the top 20 in the World Bank’s latest Ease of Doing Business Survey. Mauritius was able to diversify its economy in the last few years and now boasts one of the highest GDPs in Africa. Whilst the export of sugar was the main income stream for the island for many years, the island has now built up a strong financial sector and a buoyant tourism industry. Its GDP grew by 3.7% last year and is forecast to grow a further 3.8% in 2019. Despite the success, the Mauritian government continues to seek ways to improve the country’s economy. Massive infrastructure investments (47bn MUR) into road, land and sea transportation to turn the capital into a major transport and logistics hub of the region.

The economy is expected to continue to grow on the back of favorable external conditions and strong public investment. Mauritius should benefit from a continuous growth in tourism and good exports due to favorable economic conditions for key trading partners.

Tourist arrivals grew by 4.3% in 2018 compared to 2017, whereas tourist nights grew by 4.8% and tourism earnings by 6.3%. France remains as the island’s major tourist generating country in 2018 and more than 93% of all arrivals come to the island for leisure. The improved airlift to the island through the opening of new air routes and the increase in the number of flights per week, contributed to the growth in arrivals in Mauritius in the past few years. Demand in Mauritius is stable and we expect a slow but steady growth in accommodated bednights in the next few years.

Although occupancy dropped, average rates were up in 2018 leading to an increase in value of 2.1%. Values are expected to grow steadily in the next three years at an average growth rate of 2.6%.

 

Change In Value For Market:

Legend
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%

Indian Ocean - Mauritius RevPAR Change

Indian Ocean - Mauritius RevPAR

Year RevPAR
2015 116.70
2016 139.00
2017 167.50
2018 165.30
2019 166.40
2020 (f) 176.20
2021 (f) 178.30

For more information, please contact:

Tim Smith, MRICS
[email protected]
  • +27 797 342296 (w)
Rishabh Thapar
[email protected]
  • +27 0 792790584 (m)
Laura Dutrieux
[email protected]