Travel & Tourism - Mauritius | Statista Market Forecast

The projected revenue for the Travel & Tourism market in Mauritius is estimated to reach US$48.61m by 2024.
Moreover, the market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 4.50%, with a projected market volume of US$60.58m by 2029.
The Package Holidays market is expected to remain the largest market in Mauritius, with a projected market volume of US$19.17m by 2024.
By 2029, the number of users in this market is expected to amount to 245.00k users.
The user penetration rate, which is currently 21.4%, is expected to increase to 28.2% by 2029.
The average revenue per user (ARPU) is expected to be US$174.30.
Furthermore, it is projected that 74% of the Travel & Tourism market's total revenue will be generated through online sales by 2029.
In a global comparison, United States is expected to generate the most revenue, with an estimated revenue of US$214bn in 2024.
Mauritius' tourism industry is rebounding with the help of new safety protocols, attracting visitors to its beautiful beaches and cultural attractions.

Definition:

The Travel & Tourism market encompasses a diverse range of accommodation services catering to the needs and preferences of travelers. This dynamic market includes package holidays, hotel accommodations, private vacation rentals, camping experiences, and cruises.

Structure:

The market consists of five further markets.

The Cruises market covers multi-day vacation trips on a cruise ship. The Cruises market encompasses exclusively passenger ticket revenues.
The Vacation Rentals market comprises of private accommodation bookings which includes private holiday homes and houses as well as short-term rental of private rooms or flats.
The Hotels market includes stays in hotels and professionally run guest houses.
The Package Holidays market comprises of travel deals that normally contain travel and accommodation sold for one price, although optional further provisions can be included such as catering and tourist services.
The Camping market includes bookings at camping sites for pitches using tents, campervans, or trailers. These can be associated with big chains or privately managed campsites.

Additional Information:

The main performance indicators of the Travel & Tourism market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. Users represent the aggregated number of guests. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

Prominent players in this sector include online travel agencies (OTAs) like Expedia and Opodo, as well as tour operators such as TUI. Specialized platforms like Hotels.com, Booking.com, and Airbnb facilitate the online booking of hotels and private accommodations, contributing significantly to the market's vibrancy.

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Bookings directly via the website of the service provider, travel agencies, online travel agencies (OTAs) or telephone

Business trips
Other forms of trips (e.g. excursions, etc.)

Mauritius, known for its pristine beaches and vibrant culture, has seen a significant growth in its Travel & Tourism market in recent years.

Customer preferences: Travelers visiting Mauritius are increasingly seeking unique and immersive experiences, moving away from traditional sightseeing tours to more authentic interactions with the local culture. This shift in preferences has led to a rise in demand for eco-friendly accommodations, locally sourced cuisine, and sustainable tourism practices.

Trends in the market: One of the notable trends in the Travel & Tourism market in Mauritius is the growing popularity of adventure tourism. Tourists are now looking for adrenaline-pumping activities such as hiking, water sports, and zip-lining, which has spurred the development of new adventure-based tour packages and services on the island. Additionally, wellness tourism has also gained traction, with an increasing number of visitors seeking relaxation and rejuvenation through spa retreats and yoga sessions.

Local special circumstances: Mauritius' unique geographical location in the Indian Ocean, coupled with its rich cultural heritage, sets it apart as a desirable travel destination. The island's diverse landscape, ranging from lush forests to crystal-clear lagoons, offers a wide array of activities for tourists to explore. Furthermore, the warm hospitality of the Mauritian people and their vibrant festivals and events add to the allure of the destination.

Underlying macroeconomic factors: The steady economic growth and political stability in Mauritius have played a crucial role in driving the expansion of the Travel & Tourism market. The government's focus on infrastructure development, such as the expansion of airports and road networks, has made it easier for tourists to travel within the country. Additionally, initiatives to promote Mauritius as a year-round destination have helped in attracting visitors beyond the peak tourist season.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of hotels, vacation rentals, cruises, package holidays, and camping.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, the Global Consumer Survey, third-party studies and reports, data from industry associations (e.g., UNWTO), and price data of major players in respective markets. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as country-related GDP, demographic data (e.g., population), tourism spending, consumer spending, internet penetration, and device penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, and exponential trend smoothing methods are applied. A k-means cluster analysis allows for the estimation of similar countries. The main drivers are tourism GDP per capita and respective price indices.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

Business or corporate travel is the tourism segment that focuses on people who travel for work or professional purposes and the related tourism services. This branch also includes the meetings industry, which refers to business events, conferences, congresses, trade fairs, and exhibitions. According to the World Travel and Tourism Council (WTTC), business travel accounted for 20 percent of the global tourism expenditure in 2021. In that year, it was estimated that business travelers spent more than 740 billion U.S. dollars worldwide, with Chinese tourists topping the ranking of the biggest business travel spenders.