Luxury Hoteliers Magazine 4th Quarter 2019 | Page 49

Madagascar, located in the Indian Ocean
400 km off the coast of Mozambique, is
the 4th largest island in the world and
one of the mega-biodiversity countries
in the world: 89% of plant and 92%
mammal species are unique to the island.
Thanks to its unparalleled natural beauty,
both on terrestrial and marine, this green
country offers a huge potential not only
as luxury hotel investment opportunities
but also as a tourism destination.
To emerge Madagascar, the new
government is committed to making
Tourism sector as an effective and
sustainable lever for its economic, social
and environmental development. By
2023, it is anticipated that 500,000
visitors will be reached.
© Time+Tide
Madagascar government has put
in place favorable incentives and
strategic measures in order to attract
foreign direct investment, promote
Madagascar as an attractive and
unique tourism destination, increase
flight connectivity and agreements
with International airlines, refurbish
main infrastructures such as airports,
ports and main roads and encourage
private investors to develop hotels
and resorts. The government is also
identifying and preparing a number
of world-class sites to be offered
to investors and international hotel
operators. Madagascar offers investors
the opportunity to develop sustainable
tourism products and experiences
in some of the most remarkable and
unspoilt tourism destination in the world.