Investing in Mauritius Property Investing in Mauritius Property | Page 17

popular tourist destination. Since 2014, the number of tourists arriving in Mauritius has increased by more than 300,000, a 29% gain. The average length of stay, at the date of publication of this report, was 10.9 nights (2017, 10.8 nights). Gross revenues for 2017 reached EUR1.4bn. There were 114 hotels, with a capacity of 29 656 bed places. Contributing to employment of Mauritius According to the ‘Three-year Strategic Plan 2018– 21 – Adapting to the changing Global Environment’ published by the Government of Mauritius, in 2017 the tourism sector contributed 8% to GDP while providing 10% of active employment in the country and attracting 8% of investments. Five-star hotels performing well Room revenue for five-star hotels increased 16.4% in 2017, buoyed by an 8.3% rise in guest nights and a 7.5% increase in ADR. The increase in overall guest nights in 2017 was largely concentrated among five- star hotels. We expect five-star hotels to continue to outperform the overall market in the coming years. Guest nights will remain steady in 2018 even as the total market declines, and we look for increases in 2020–21 as ADR growth moderates. For the forecast period as a whole, we expect guest nights to increase at a 2.9% compound annual rate. Where are visitors coming from? E urope continues to be our main source of arrivals with an overall increase of 6.2%. France remains at the top of the list with 58% of arrivals. With the introduction of KLM flights from the Amsterdam hub, Netherlands recorded the largest increase with a 31.6% rise fuelling arrivals from neighbouring countries such as Scandinavia, Czech Republic, Russia, Germany, Italy, Poland and Switzerland. The Americas marked the sharpest increase in arrivals with a rise of 25.4% led by Brazil and double digit growth from the USA and Canada. propertyfinder.mu has investor opportunities in the hotel sector incuding Hotel Sales and Land options. Enquire on [email protected] Arrivals from Africa, which accounts for 22.5%, showed a modest growth of 3.4% only whilst the Asia Pacific region recorded the smallest growth with 2.6%.