BOLDEN African News · Friday 6 November 2026
Mauritian hotel group Riveo more than doubles its quarterly revenue
Riveo's revenue for the quarter to 30 September rose 117.15% to Rs923 million from Rs425 million, and its net loss narrowed to Rs11.5 million from Rs179 million. EBITDA was Rs167 million against a loss a year earlier, and net debt fell by Rs218 million to about Rs5 billion. Its Four Seasons Resort at Anahita, reopened in November 2025 after refurbishment, and Shangri-La Le Touessrok both ran above 60% occupancy.
Why it matters
It shows how quickly a refurbished luxury resort can turn round a hotel group's numbers.
Source: Ecofin Agency · 6 November 2026