Sey­chelles

Tourism Tattler - - BUSINESS & FINANCE -

The Sey­chelles has been very good at rein­vent­ing them­selves af­ter a few years of “cri­sis”. The tourism au­thor­i­ties put in a lot of ef­fort and it is likely to foster the at­trac­tive­ness and mar­ketabil­ity of the ar­chi­pel­ago. The Sey­chelles tar­geted new feeder mar­kets, such as China, In­dia and the GCC coun­tries. The open­ing of new air routes in­creased the ac­ces­si­bil­ity to the is­land: Air Sey­chelles opened four flights per week to Jo­han­nes­burg and one flight to Bei­jing and Turk­ish Air­lines and Qatar Air­ways also started to fly in. Oc­cu­pancy in­creased to above 70%, its high­est level since 2009 and rates ex­ceeded US$400, ben­e­fit­ing from the high-spend­ing pro­file of GCC vis­i­tors. It's worth not­ing that the Sey­chelles sub­stan­tially boost the African Value Av­er­age; with val­ues that are dou­ble the val­ues of the sec­ond high­est mar­ket in Africa. While the African Av­er­age is US$152,431 in­clud­ing the Sey­chelles mar­ket, it drops to US$134,220 when it is ex­cluded. A sig­nif­i­cant amount of new sup­ply is ex­pected to open in the near fu­ture, in­clud­ing a Four Sea­sons and a Six Senses. How­ever, these are likely to be the last to open in the next few years as the gov­ern­ment an­nounced a mora­to­rium on large scale projects to pre­vent any large-scale prop­erty from en­ter­ing the mar­ket in the next few years and keep oc­cu­pancy level at their high­est. Ho­tel val­ues in­creased by 14.8% in 2016 prov­ing the health of the Sey­chelles tourism mar­ket. For de­tailed anal­y­sis visit http://hvi.hvs.com/mar­ket/africa/Sey­chelles

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