Constance Hotels of Mauritius Sees 20% Revenue Increase in 2011

10 years, 4 months ago - April 26, 2011
The hotel group owns and manages seven resorts in Mauritius, the Seychelles and Maldives

Constance Hotels Services Ltd., a Mauritian luxury leisure operator, expects sales to increase at least 20 percent in 2011 after the opening of resorts in the Seychelles and Maldives, Managing Director Patrice Binet-Decamps said.

“A minimum of 20 percent increase in the revenue is targeted,” he said in an interview on April 14 in Belle-Mare, on the east coast of the Indian Ocean island nation. “It will depend on the world travel market with its lesser appetite for five-star and four-star resorts and amidst competitive pricing.”

The hotel group owns and manages seven resorts in Mauritius, the Seychelles and Maldives and a lodge on a private island in Madagascar. It has invested $190 million in the new resorts in the Maldives and Seychelles, with construction coinciding with the start of the global financial crisis, Binet- Decamps said.

The group is the only Mauritian leisure operator with hotels in the four islands of the Indian Ocean. An annual average of 46 percent of guests come back for another visit, according to the managing director.

Constance’s net loss for 2010 widened to 147 million rupees ($5.3 million) from 68 million rupees a year earlier, it said in a statement on March 31. Revenue fell 5.5 percent to 1.36 billion rupees.

The company expects to break even or “swing back to profits” this year, said Binet-Decamps, who has headed the group since 1992. “New hotels do not generate profits 10 minutes after opening. Ripening takes at least two years.”

Constance Hotels has a stronghold on golf tourism with two professional courses in Belle-Mare, according to the managing director.

“About 60 percent of tourists in the world play golf,” he said. “And a golfer spends 50 percent more than the average. Half of our clients in our Mauritian resorts, Belle-Mare Plage and Prince Maurice, come for the greens.”

 

Text by Bloomberg

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