For a comprehensive review of the Africa market, click below:
HVS In-Depth Africa Hotel Valuation Index:
2021
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2016
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2015
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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.
Seychelles has a buoyant economy supported by a strong tourism activity and an expanding credit sector. An increased accessibility combined with a growth in cruise tourism resulted in a new record of tourist arrivals in 2017 with nearly 350,000 arrivals. Austrian Airlines launched the third direct flight from Europe and South African Airways opened a new air route from Durban to the island. Joon, the new Air France “millennials” airline started operations in 2018 opening the atoll to the new millennials’ market.
The Seychelles Tourism Bureau increased its collaboration with its partners to implement a new tourism strategy including the diversification of the source markets to less traditional markets and the promotion of non-room revenue to increase overall tourism receipts. Values were up by 15% in 2017 driven by both occupancy and ADR.
The government aims to reallocate 18 hotel developments on hold to new developers who have the financial capacity to complete them. This project aims to increase foreign direct investment and the island room capacity to support tourism growth. Overall Seychelles aims to develop sustainable tourism in the next few years and values are expected to grow steadily by 5% in 2018 and approximately 3% in 2019 and 2020 despite the growth in hotel supply.
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.
ADR, Demand, Occupancy, RevPAR, and Supply Projections:
|
| ADR Change
|
| Market Demand Change
|
| Hotel Occupancy Increase/Decrease
|
| RevPAR Change
|
| Market Supply Growth
|
Exchange Rate:
|
Exchange Rate
2016
|
Exchange Rate
2017
|
Change
2016/2017
|
Exchange Rate
2018
|
Change
2017/2018
|
|
US$
|
1
|
0
|
|
0
|
|
|
Seychelles
|
0.07098
|
0.0697
|
-1.8%
|
0.06989
|
0.3%
|
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:
|
More than -10%
|
Seychelles RevPAR
| Year |
RevPAR |
| 2015 |
217.75
|
| 2016 |
217.20
|
| 2017 |
270.07
|
| 2018 |
283.95
|
| 2019 |
291.19
|
| 2020 |
301.47
|
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