Sun Resorts Mauritius is waiting for revenues
Mauritius-based luxury hotel group Sun Resorts said that 2011 revenue would be lifted by the addition of extra room capacity. Sun Resorts pretax profit sank 44.3% to Rs226.9 million in 2010, hit by the Eurozone crisis and heavy discounting.
“With the opening of Long Beach in April 2011, the group will increase its inventory by around 32% and should see an increase in revenue in 2011,” Fabio Felice Piccirillo, chief executive officer of Sun Resorts, said in an annual report.
Long Beach will represent 24% of rooms available for the hotel group in Mauritius and Maldives. Shares in Sun Resorts climbed 1.7% to Rs60 following the distribution of the annual report.
Tourism typically generates about 10% of the nation’s gross domestic product and European tourists account for some two-thirds of arrivals.
