The tourism industry is regarded as one of the major pillars in the Mauritian economy.
Overall market performance has seen modest year on year increases with significant year on year increases on visitors arriving by air and sea. It has also experienced heightened interest from visitors from the Russian Federation and The People's Republic of China.
As with many other tourism centres, the industry is supported by a diverse and growing range of leisure and hospitality businesses providing tourists with a range of culinary experiences and leisure activities.
Whilst the sector is still experiencing moderate growth, it is at a slower rate of growth than it has been in previous years, which has mainly been attributed to the increasingly uncertain global economic and political climate and consumers less ready to commit surplus cash on luxury holiday purchases.
Our team have advised on a wide range of matters for businesses operating in the hospitality, leisure and tourism sector in Mauritius. Some of our recent experience includes:
- Appointed liquidator to a restaurant and retail business holding the monopoly in all food and beverage purchases at Mauritius airport. The business had failed to meet its obligations to its landlord and as a result was forced to cease trading. We were appointed to tidy up the affairs of the business and realise the assets, whilst the airport operator re-let the vacant units within the airport terminal to a range of alternative food and beverage providers.
- Appointed liquidator of an IATA approved travel operator. The business had run into financial difficulties and was unable to continue to meet its obligations to its lender. Upon appointment and due to the late involvement of our team there were no other options available other than to cease the trading of the business and realise the assets of the business.
- Appointed liquidator of a restaurant in Rodrigues, which found itself in financial difficulties and was unable to meet its obligations to its lender. Due to the severity of the financial difficulties, a rescue was not feasible and our responsibility was to wind up affairs of the business in an orderly fashion and realise the assets of the business to provide a return to the creditors.