The Mauritius Chamber Of Commerce and Industry's most recent report outlining consumer confidence shows significant improvement in the fourth quarter of 2011. According to the report, private sector businesses have a favourable outlook of the nation's economy at a rate of 39%, as opposed to 17% whose economic outlook was unfavourable. Those who gave the Mauritian economy good grades cited several reasons for their positive views.
Among those reasons are the rise in tourist numbers and the fiscal reforms the government included in the 2012 budget. As part of that budget taxes on capital gains, dividends, and interest income were all eliminated, encouraging foreign investment in the nation's leading industries of tourism and sugar production. The tax cuts also have spurred many Mauritian business owners to invest significant funds to develop and expand their own companies.
As for the contribution of tourism to the economic outlook, local business owners have observed an increase in the number of arrivals this year of about 7%. The increase translates into most of them doing better than the year before and thus, increased consumer confidence.
The combination of increased consumer confidence and foreign investment are seen as positive steps in maintaining the Mauritian economy's position as the best in the Indian Ocean region. This is especially true when you consider Mauritius' relationship with Europe. Europeans provide a customer base which makes up roughly 67% of all exports and nearly 70% of tourists visiting the island. It's expected that increased investment in the tourism industry will only make those numbers better.
As the Mauritian economy continues to strengthen she will further enhance her position as one of the world's premier tourist destinations. Already known for great Mauritius wedding packages, romantic honeymoons, and luxury family vacations, this Indian Ocean paradise will be debuting new resorts and tourist venues in 2012 and beyond. There are currently two new resorts being built as well as a huge entertainment and tourist venue in the northern region. Furthermore, one of the island' largest resort operators announced this past week plans to secure funding for a ninth resort on Mauritius.
The gorgeous tropical climate and stunning beautiful environment are the main draws to the region. But Mauritius is working hard to develop other things that will bring new visitors in; things like professional and amateur sports. The island has seen a rise in golf holidays and tournaments, as well as events focused around key water sports like surfing, kite surfing, and sport fishing. Tour operators, resorts, and other tourism-related businesses are all joining forces to offer inviting an exciting combination packages.
Europeans who have never visited Mauritius will find that there's no better time to do so than right now. Heading into the island's peak tourism season, there is still space available into January and February of next year. Tourists are encouraged to contact their local tour operator for pricing information and booking details.
Mauritius Holidays Direct, the specialist holiday company based in the UK, has plenty of holiday deals for you to choose from including Mauritius wedding packages.