Lux Island Resorts

Lux Island Resorts Ltd, formerly known as Naïade Resorts Ltd, is a prominent hospitality company based in Mauritius. Established in 1985, the company has developed a portfolio of luxury hotels and resorts across the Indian Ocean region, including Mauritius, Réunion Island, and the Maldives. In 2011, the company underwent a rebranding, adopting the LUX* Resorts & Hotels brand to reflect its commitment to providing unique and innovative guest experiences.

Financial Performance:

For the fiscal year ending June 30, 2024, Lux Island Resorts Ltd reported a revenue of MUR 9.51 billion, reflecting a significant increase from MUR 7.77 billion in the previous year. The company achieved an operating profit of MUR 1.9 billion and a net profit of MUR 1.1 billion, underscoring its robust financial health and effective operational strategies. The Maldives operations contributed 28% to the company’s revenue and 29% to its EBITDA, highlighting the strategic importance of this market.

Leadership:

The leadership team of Lux Island Resorts Ltd is composed of experienced professionals dedicated to steering the company towards continued success:

• Jacques Désiré Laval Elliah: Serving as the Chief Executive Officer since December 2018, Mr. Elliah has been instrumental in driving the company’s strategic initiatives and growth.
• Hurrydeo Ramlagun: As the Director of Finance, Mr. Ramlagun oversees the financial operations and ensures the company’s fiscal integrity.
• Jean-Claude Béga: Holding the position of Chairman, Mr. Béga provides strategic oversight and guidance to the board.

The board of directors includes individuals with diverse expertise, contributing to the company’s governance and strategic direction.

Through its strategic leadership and commitment to excellence, Lux Island Resorts Ltd continues to be a significant player in the luxury hospitality industry within the Indian Ocean region.