Our strategy
Hospitality
Trimetys Hospi- tality is a leading name in the 3- and 4-star hotel segment. We currently manage Rodrigues, with a total of 200 rooms. We are also one of the most dynamic 4 properties in Mauritius and market players and are working towards building a full-fledged regional hospital- ity platform with around 400 rooms by 2023.
Performance Review O ur FY20 performance was heavily impacted by the closure of most of our hotels for nearly 5 months. Tekoma BoutikHotel remainednon-operational for 9 months and Be Cosy Apart’ Hotel was used for quarantine purposes and closed to guests for the entire year. In terms of financial performance, we reported revenues of Rs 83.8m for the year and losses amounting toRs 135.4m, whichwerehoweverbetter thanbudget.
We essentially worked on re-engi- neering our debt arrangements and finding solutions for the period to 2022. Thehospitality industry came toa stand- still with the COVID-19 pandemic. The Government has come forwardwith the Wage Assistance Scheme and other support mechanisms, and has also been using hotels as quarantine facili- ties since the outbreak. Thesemeasures however only provided a partial remedy as we continue to face certain financial and human issues. After the lockdown period, we worked hard on adapting our offer to the local market and differentiating ourselves from competitors. We rose to the chal- lenge andmanaged to secure a decent market share. Despite the COVID-19 pandemic, Trimetys Hospitality is among the few players in Mauritius to havemaintainedsatisfactoryoccupancy rates while taking advantage of that period for renovation work. Rodrigues was a crowd-puller with restrictions on international travelling and border closure. The destination significantlygrew inpopularitywithvisi - tors fromMauritius, includinganumber of first-timers.
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