Hospitality Experience

Market and Financial Feasibility Study for Maldives Havodda Resort

Horwath HTL was engaged by ONYX Hospitality group to conduct an in-depth market and financial feasibility study for a proposed resort in the Gaafu Dhaalu Atoll, Maldives.


Project Scope

Horwath HTL was engaged by ONYX Hospitality Group to conduct a comprehensive market and financial feasibility study for the proposed Amari Havodda resort, located in the Gaafu Dhaalu Atoll, Maldives. The study aimed to evaluate the project’s potential within the highly competitive luxury resort market in the Maldives and provide strategic recommendations for its development and financial planning.

The market analysis involved a detailed evaluation of the Maldives’ hospitality landscape, with a focus on the Gaafu Dhaalu Atoll. The study assessed key demand drivers, such as international tourism trends, accessibility via domestic and international transport links, and the growing appeal of remote, private-island resorts. Competitive benchmarking was conducted to identify trends in guest preferences, pricing strategies, and service offerings among existing resorts in the region.

Based on these insights, Horwath HTL provided tailored recommendations for the resort’s development. This included guidance on optimal room configurations, facilities such as overwater and beachfront villas, dining concepts, wellness amenities, and recreational activities to align with market expectations for upscale, experiential stays. Emphasis was placed on creating a unique identity for Amari Havodda within the Maldives’ luxury market, leveraging its location and the Amari brand’s strengths.

The financial feasibility analysis provided projections for key performance indicators, including average daily rate (ADR), occupancy levels, and revenue per available room (RevPAR). Detailed cash flow forecasts and profitability scenarios were modelled, taking into account operational costs, marketing budgets, and capital expenditure. Sensitivity analyses were also performed to evaluate the financial resilience of the project under varying market conditions.

Horwath HTL’s study equipped ONYX Hospitality Group with a robust framework for planning and executing the Amari Havodda resort, ensuring its competitive positioning and financial sustainability in the exclusive Maldives luxury resort market.

Hospitality
Strategy and Planning
Assets

Project Location

Gaafu Dhaalu Atoll, Maldives


Singapore Office

Singapore office


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