Project Scope

Horwath HTL Italy was engaged to perform market due diligence for the proposed construction of the Fasmendhoo Resort, a luxury property planned for development on the uninhabited island of Fasmendhoo in the Raa Atoll, Maldives. The objective was to evaluate the market and operational assumptions underpinning the project, focusing on revenue projections, operating costs, and alignment with regional market dynamics.

The study began with a comprehensive analysis of the Maldivian tourism market, particularly the Raa Atoll, known for its pristine beaches, vibrant marine life, and increasing popularity among luxury travellers. Key demand drivers, including international visitor trends, air connectivity, and the growing appeal of eco-conscious and experiential tourism, were assessed to establish the resort’s market potential.

A competitive benchmarking exercise was conducted to position the proposed resort against existing and planned luxury properties in the Maldives. This included a review of occupancy trends, average daily rates (ADR), and guest preferences for accommodation, dining, and recreational offerings. The analysis highlighted opportunities for differentiation through unique experiences, sustainable practices, and exclusive amenities tailored to the target market.

Operational assumptions were critically evaluated, including projected revenues from room sales, food and beverage services, and wellness or recreational facilities. Operating costs such as staffing, maintenance, and utility expenses were scrutinised to ensure alignment with industry benchmarks and the remote location’s logistical challenges.

Financial modelling incorporated these insights to validate the overall business case for the Fasmendhoo Resort. Sensitivity analyses were performed to assess potential risks, such as fluctuations in visitor demand, currency exchange rates, and operational costs associated with the island’s uninhabited status.

The final deliverable was a detailed market due diligence report, providing actionable insights and recommendations to refine the project’s operational and financial assumptions. This report enabled the client to proceed confidently with the development, ensuring the resort’s concept was market-aligned and financially viable.

By delivering a meticulous and data-driven analysis, Horwath HTL Italy supported the client in laying a solid foundation for the Fasmendhoo Resort, positioning it to become a standout destination in the competitive Maldivian luxury hospitality market.

Localização do projeto

Fasmendhoo Island, Italy