Africa -  Mauritius

For a comprehensive review of the Africa market, click below:
HVS In-Depth Africa Hotel Valuation Index:   2016 | 2015 | 2014

2017 was a record year in tourism arrivals for both Mauritius and Seychelles and it is expected to continue in the next few years thanks to strong marketing strategies, an increased accessibility and governments efforts to promote the destinations to new source markets.

Mauritius is a growing investment destination and was ranked by the World Bank as the most attractive destination in Africa for business and investors in 2017. Being the richest country in Africa thanks to a strong economy and stable government, Mauritius benefits from strong investors’ confidence. The new Business Facilitation Law, which facilitates investment and business developments, is part of the government’s effort to reposition the island as a gateway for investment between Asia and Africa.

Tourist arrivals in Mauritius reached 1.3 million in 2017 exceeding its population size. The increased air capacity boosted the demand from Europe. British Airways and KLM launched two weekly direct flights to Port Louis from Gatwick and Amsterdam respectively. In addition, South African Airways opened new routes from Johannesburg in early 2018. Sadly, the typhoons in the Caribbean Islands and the volcano eruption in Bali benefited the atoll. Values increased by 20.5% in 2017 owing to a 15% increase in ADR and the growth is expected to continue in 2018 (+10 %) and soften in 2019 and 2020.

 

The widespread impact of the coronavirus (COVID-19) has had an unprecedented impact on hotels and hotel values worldwide. Consequently, the latest HVI analysis may no longer reflect the most current measure of lodging industry strength or the hospitality investment market.

In each of our offices across the globe, we are working tirelessly to analyze the impact of recent events and provide timely insights to help you navigate these uncharted waters. Because it is unclear how long the pandemic will last or how long related restrictions will be in place, we are updating our analyses on a weekly basis using the most current data.

Additionally, examination of value trends in prior cycles can provide useful information. Historical patterns, together with an understanding of the market’s current expectations for the eventual recovery of the industry and its performance, can provide insights on the likely trajectory of decline and recovery for hotel values.

For the Latest Information and Analysis on the Impact of COVID-19Click Here

If you’d like to speak to someone personally to review details of our most current analysis, please don’t hesitate to contact us directly.

For more information, please contact:

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