Mauritius Tourism Report - Business Monitor International - Industry Reports

Mauritius Tourism Report

Mauritius Tourism Report - Business Monitor International - Industry Reports
Mauritius Tourism Report
Published Oct 01, 2016
29 pages — Published Oct 01, 2016
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Abstract:

The Mauritian tourism industry has grown rapidly in recent years, breaking through the -mn annual inbound arrivals figure in ----. As a stable domestic market, the country has successfully attracted considerable foreign investment, aided through historical ties with major European source markets, such as France.This has ensured a steady stream of affluent western visitors to the island. ...While Europe accounts for the majority of travel to Mauritius at present, over the long term arrivals from Asia Pacific will gain significant ground. Substantial growth in the outbound travel markets of major economies such as China and India will support sustained long-term growth in Mauritius s inbound travel market, as long as the country can remain competitive compared with other Indian Ocean island destinations. Should long-term growth materialise as expected, tourism will constitute an ever greater proportion of Mauritius s domestic GDP, making it a key focus for government and private investors. ...Substantial growth in the outbound travel markets of major economies such as China and India will support sustained long-term growth in Mauritius s inbound travel market, as long as the country can remain competitive compared with other Indian Ocean island destinations. Should long-term growth materialise as expected, tourism will constitute an ever greater proportion of Mauritius s domestic GDP, making it a key focus for government and private investors.

...Mauritius s tourism industry is important for the island, and continues to enjoy considerable support from the government. Despite issues on the mainland of Africa, Mauritius saw a strong ----, with an increase in inbound travel of --.- from ----, ending the year at more than -.-mn arrivals. Further growth is expected in ----, when arrivals are forecast to grow by -.- . The government has supported tourism by launching a number of investment and marketing initiatives in the past, but a major boost has been given by the evolution of the country s financial services industry, which attracts business travel from the continent, as well as from countries such as China and India. By becoming a financial hub for the continent and offshore banking in general, Mauritius has increased the presence of international banks such as Standard Bank, HSBC, and Barclays, therefore helping to diversify its economy in general. The Mauritian tourism industry can expect to enjoy a stable few years between ---- and ----, with an average annual growth forecast of -.- , leading to a total arrivals figure of -.--mn in ----. One of the greatest strengths of the country is the continuity of a stable government and rule of law, which allow

...� Business Monitor International Ltd Page -- businesses to invest with relative confidence in property rights and other investment considerations. Along with the country s ability to build a financial services industry, the government s open approach to business has allowed companies in other areas to invest in the nation. ...

  
Source:
Document ID
2055-4397
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Mauritius Tourism Report" Oct 01, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mauritius-Tourism-Report-2026-1580>
  
APA:
Business Monitor International - Industry Reports. (2016). Mauritius Tourism Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mauritius-Tourism-Report-2026-1580>
  
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