The three hotel groups including New Mauritius Hotels (NMH), Lux Island Resorts and Sun Resorts, began fiscal year 2013 with massive debt ratio. They all three ended the year 2012 with net debt of more than Rs 22 billion, a debt ratio (Gearing Ratio) averaged 68.2%.
14 Jun 2013, business.mega.mu
If you're used to surf to the website of the Mauritius Tourism Promotion Authority (MTPA), you will notice that the classification of hotels in Mauritius are there anymore. And because a new classification system will soon be implemented. However, it was not until January 2014 that we will know how many stars the hotels on the island.
13 Jun 2013, business.mega.mu
NEW YORK—While such expansion can be fraught with pitfalls, hotel owners need to think global when it comes to making deals, panelists said Tuesday during a general session at the New York University International Hospitality Industry Investment Conference.
12 Jun 2013, business.mega.mu
Bookings are down. Tourist arrivals from Europe do not bode well. The hotel grind black. How to boost the sector? Various experts in this field we speak ...
05 Jun 2013, business.mega.mu
Réouverture de l'établissement hôtelier vers la fin de l'année sous le nom d'Outrigger Mauritius Resort and Spa après rénovation
04 Jun 2013, business.mega.mu
Hotels that do not submit their safety plan by the end of June 2013 will not have their licenses renewed. This was stressed by the Prime Minister Navin Ramgoolam, yesterday at the Prime Minister's Question Time in Parliament.
30 May 2013, business.mega.mu
For the second consecutive year, the nine institutions Beachcomber Mauritius and Seychelles were rewarded for the quality of services, facilities and accommodation. The TripAdvisor Certificate of Excellence was awarded to Beachcomber by customers from around the world.
24 May 2013, business.mega.mu
Weak tourism growth recorded in the first quarter of 2013 reacted Minister of Finance and Economic Development Xavier-Luc Duval. The latter, in a statement to Mauritius, proposes a moratorium on the construction of new hotels, pending a recovery in tourist arrivals. As discussed, he said, with the Minister of Lands.
20 May 2013, business.mega.mu
Two of the largest hotel groups in Mauritius, New Mauritius Hotels and Resorts Sun, saw their net profits fall back to the first quarter of this year as the Constance Hotels group was able to achieve increased profits over the same period.
16 May 2013, business.mega.mu
Deep Kalra, Indian online pioneer, has gained and lost his share of altitude. He keeps finding oxygen
11 May 2013, business.mega.mu
Airport Hotel Limited, a subsidiary of Omnicane Limited, concluded on 2 May in Dubai a franchise agreement for the Holiday Inn with InterContinental Hotels Group (IHG).
10 May 2013, business.mega.mu
The hotel "The Creolias", currently under construction in Calodyne, Grand Gaube, enter into operation before the end of the year. Construction will be completed in October.
26 Apr 2013, business.mega.mu
The price war, a hotel overcapacity crisis in the euro zone, a decrease of arrivals of European tourists ... These factors have contributed to affect the profits of operators. Result: companies are under administration, others are looking for buyers.
18 Apr 2013, business.mega.mu
Change of plans. Crisis forces, group Ramloll decided to make changes to the project Pte Oscorne in Grand-Gaube. He now chooses unerésidence hotel.
16 Apr 2013, business.mega.mu
The sixth edition of HotelWorld be held from Wednesday 15 to Friday, May 17 at Swami Vivekananda Centre at straws. Salon International de l'Hotel Equipment Islands Vanille is hosted by Publi-Promo Ltd.
08 Apr 2013, business.mega.mu
Two days ago, on the 30th March 2013, the country has survived the worst day ever in its history. After the torrential rainfall of the 13th February 2013, Mauritians never thought that there could be worst.
01 Apr 2013, Yashvin, pages of my life
Operational since November 2012, the St. Regis Mauritius Resort 5 * Luxury hotel group Starwood Hotels & Resorts, will be officially opened today night.
18 Mar 2013, business.mega.mu
In time with a decrease in tourist arrived, hotels, restaurants and 'guest houses' struggle to find clients. Nevertheless, the Tourism Authority (TA) does not hesitate to crack.
05 Mar 2013, business.mega.mu
Our wild shores soon disappear under concrete hectares under pressure from property developers and hoteliers, Mauritius and abroad. We strongly decries on the net, accelerating the construction of hotels in Mauritius.
28 Feb 2013, business.mega.mu
The tourist industry in Mauritius, the first victim of the crisis in the euro zone tries to take the helm. If Lux Island Resorts recorded an increase in its net profit, its occupancy rate is declining. New Mauritius Hotels, meanwhile, laments 'heavy discounting' practiced by the hotels in Mauritius.
19 Feb 2013, business.mega.mu