The Mauritius Travel and Tourism Market was valued at USD 59.86 billion in 2022 and is poised to grow at a steady CAGR of 2.75% during the forecast period from 2023 to 2029. The market’s growth is driven by increasing tourist arrivals, government support, and the rising demand for unique travel experiences.
Market Scope
The comprehensive market analysis covers Type (Transportation, Hospitality), Application (Domestic, International), and Travel (Business, Leisure, Others) segments, offering a detailed examination of the market landscape and growth potential.
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Market Drivers and Trends
Key Drivers:
- Economic Contribution
Tourism is a cornerstone of Mauritius’ economy, contributing approximately 16% to the GDP. Over the last two decades, tourist arrivals have increased at an average annual growth rate of 8%, with tourism receipts seeing a 22% boost. - Government Initiatives
The government’s “opening of the sky” action plan aims to diversify the tourism sector by targeting new markets and customer profiles. Projects like Integrated Resort Schemes (IRS) and hosting cultural events are further bolstering the industry.
Key Trends:
- Shift to Experiential Travel
Travelers, especially millennials, are prioritizing one-of-a-kind experiences over material luxuries, fueling demand for adventure tourism and cultural explorations. - Bleisure Travel Growth
The integration of business and leisure travel is becoming more common, offering professionals improved work-life balance and enriching travel experiences.
Segment Analysis
- By Type:
- Transportation: Cruising and railways are emerging as preferred modes due to convenience and unique lodging experiences offered during travel.
- Hospitality: Mauritius’ world-class hotels and resorts cater to diverse traveler needs, from luxury stays to budget-friendly options.
- By Application:
- Domestic vs. International Spending: International travel incurs higher expenses due to airfare, accommodation, and exchange rates. However, the growing desire for global exploration is fueling international spending.
- By Travel:
- Leisure Travel: A dominant segment as tourists seek relaxation and cultural immersion.
- Business Travel: Increasingly includes “bleisure” components, combining work and leisure.
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Regional Insights
Mauritius remains a sought-after destination due to its stunning landscapes, rich cultural heritage, and robust tourism infrastructure. While traditional markets like Europe continue to be significant, growing interest from Asian and African travelers highlights the market’s expanding demographic reach.
Key Players in Mauritius Travel and Tourism Market
The market is characterized by the presence of both global and regional players, including:
- Europamundo (Madrid, Spain)
- Collette (Canada)
- Timeless Tours (Surrey, England)
- Cosmos (Bromley, United Kingdom)
- G Adventures (Toronto, Canada)
- Insight Vacations (Singapore)
- Costsaver (Dunfermline, United Kingdom)
- Vacations to Go Travel (Houston, Texas)
- On The Go Tours (London, United Kingdom)
- Timeless Africa Safaris (Cape Town)
Key Questions Answered
- What are the key growth drivers for the Mauritius Travel and Tourism Market?
- How has the government’s strategy impacted the tourism industry?
- What trends are shaping the future of travel and tourism in Mauritius?
- Which segments are expected to witness the fastest growth?
- Who are the leading players in the market, and what are their strategies?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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