Indian Ocean Trends and Outlook
With international borders reopened, destinations in the Indian Ocean are on the way to a full recovery.
- Wayne Godwin
- Roopa George
- Marina Bracciani
The Maldives, Mauritius, Seychelles and Zanzibar have already recorded a robust recovery since the pandemic due to progressive border policies and pent up demand for luxury and idyllic resort destinations. As airlift continues to recover and global tourism picks up, we expect the Indian Ocean to be a strong beneficiary of this demand, which will in turn continue to attract hotel investment.
The report highlights three major trends that will shape the destination for the next 6 to 12 months:
Less new developments in favour of acquisitions
Disparate demand and diversification of source markets
Inflation headwinds leading to optimisation of cost management