Sun Resorts Mauritius is waiting for revenues

10 years, 6 months ago - April 18, 2011
With the opening of Long Beach in April 2011, the group will increase its inventory

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.

Text by NewsNow.mu

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