St Helena seeks hotel investors ahead of 2016 tourist boom

UK: Island’s tourist board heads to Boutique Hotel Summit in London to promote destination.

St Helena Tourist Board is predicting a tenfold increase in the number of arrivals when the island’s first airport opens in 2016. With less than 50 serviced rooms currently available in five hotels and B&B establishments, St Helena believes that the island offers tremendous opportunities for early investors.

St Helena is an overseas territory of the United Kingdom, with its own legislature and a high degree of internal self-government. It is an island of 47 square miles (122 situated 1,200 miles off the west coast of Africa. Currently the only access to the Island is by sea, via the ship RMS St Helena, plus a number of cruise ships and yachts. On the 3rd November 2011 the International Development Secretary announced the official go ahead for the airport and appointed South African company, Basil Read (Pty), to design and construct the airport. The airport is scheduled to be completed and operational by early 2016.

Representatives from the island will at next week’s Boutique Hotel Summit on Stand 8 to talk to investors in more detail and answer any questions.
There are currently 14 sites identified on the island as suitable locations for investment ranging from coastal to city and suburban locations along with other opportunities.
Julian Morris, head of Enterprise St Helena, said: “Tourism is still relatively undeveloped and untapped on St Helena. As such there are significant opportunities for investors that get in early to capitalise on high end tourism demand and so could achieve a higher return on investment. We are encouraged that the Mantis Hotel Group has already shown interest in developing a hotel on the island and hope that they will set the trend for other hotel groups.”

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