New Mauritius Hotels Ltd. Is Popular Among Travelers According to BAC Company Report
16 Mar 2012 • by Natalie Aster
LONDON – New Mauritius Hotels that runs business under the brand Beachcomber Hotels was recently awarded for its high quality services that attract tourists. The award “Travellers’ Choice - Best Hotels Awards 2012” was granted to Dinarobin Hotel Golf & Spa and Shandrani Resort & Spa, making a good present for New Mauritius in its 60th anniversary year. The former appeared in “Top 25 Hotels in Africa” category, the latter was named as one of the “Top 25 Relaxation/Spa Hotels in Africa”.
New Mauritius Hotels has been financially unstable last years. Recreational business suffers first from decreasing tourists’ purchasing power and ability to spend money. Traditionally popular summer months brought financial loss in 2011, while moderate winter season was rather profitable. Visitors shifted their preferences to cheaper vacation, and winter season has always been less costly. Thus December 2011 returned good results: revenues of MUR 2.6 B, operating profit of MUR 722 M, net income of MUR 549 M, profit margin of 21.3%.
Annual results, however, expose a stable decline in profits despite idle levels of revenues. Comparing to FY ended September 2008, the last FY brought sales down 5.9% to MUR 7.6 B, gross profit down 21.8% to MUR 3.7 B, operating profit down 54.4% to MUR 1 B, net income down 60.6% to MUR 727 M. In general, 2011 was more successful than 2010, and this gives a hint of financial recovery for New Mauritius Hotels.
Founded in 1964 and headquartered in Curepipe (Mauritius), New Mauritius Hotels Ltd engages in operation of 8 luxury hotels in Mauritius, one in Seychelles, and also an airline catering unit in Mauritius. Currently the company invests in two projects – a hotel in Mauritius and a luxury real estate complex in Marrakech. New Mauritius Hotels is public and trades on Stock Exchange of Mauritius under the ticker NMH.
All the details on the company’s activities, business opportunities and experts’ forecasts can be found in the report "New Mauritius Hotels Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: New Mauritius Hotels Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Mar, 2012
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