Eco-Tourism Development and Value Chains

Eco-Tourism Development and Value Chains

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Eco-Tourism Development and Value Chains
Eco-Tourism Development and Value Chains
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Services
Hospitality and Recreation
Business Model Description

Design, refurbish and operate guest houses, hotels, and tourism establishments with eco-tourism and green design practices, improving operational performance in energy and water efficiency as well as waste circularity. Increase local sourcing, including use of local organic food, Sea-to-Table schemes, and agricultural technology. Diversify tourism operations and experiences towards cultural and natural offerings and eco-activities such as trails and culinary tours, increasing community engagement and links with terrestrial and marine national parks.

Expected Impact

Lessen the industry-induced environmental burden on the planet and encourage the participation of local communities and actors in tourism value generation.

How is this information gathered?
Updated: 6 Jul, 2023 Date of Production: 1 Feb, 2023
Seychelles
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12) Clean water and sanitation (SDG 6)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Climate Action (SDG 13) Life Below Water (SDG 14) Life on Land (SDG 15)

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Sector Sources
  • 1) UNDP. 2022. The impact of the war in Ukraine on sustainable development in Africa. https://www.undp.org/africa/publications/impact-war-ukraine-sustainable-development-africa 2) UNDP. 2020. An Assessment of the Socio-Economic Impact of COVID-19 in Seychelles. https://www.undp.org/africa/publications/assessment-socio-economic-impact-covid-19-seychelles 3) Department of Economic Planning Ministry of Finance, Trade, Investment and Economic Planning. Seychelles National Development Strategy. 2019-2023. http://www.finance.gov.sc/uploads/files/Seychelles_National_Development_Strategy_2019_2023.pdf 4) World Economic Forum. 2019. The Travel & Tourism Competitiveness Report 2019. https://www3.weforum.org/docs/WEF_TTCR_2019.pdf 5) Ministry of Finance, Trade, Investment & Economic Planning. Voluntary National Review. 2020. Republic of Seychelles. https://sustainabledevelopment.un.org/content/documents/26382VNR_2020_Seychelles_Report.pdf 6) Department of Economic Planning Ministry of Finance, Trade, Investment and Economic Planning. Seychelles Vision 2023: Towards Sustainable and Inclusive Future. http://www.finance.gov.sc/uploads/files/Vision_2033.pdf 7) Government of Seychelles. 2019. Seychelles Tourism Master Plan II. Destination 2023: A Strategy for Sustainable Tourism Growth. http://www.tourism.gov.sc/lib/TOURISM_MASTER_PLAN_PART_2_TOURISM_SECTOR_STRATEGY_DESTINATION_2023.pdf 8) Seychelles Investment Board. 2022. Tourism - Taxes and Incentives. https://investinseychelles.com/investors-guide/investor-resources/seychelles-tax-guide/tourism-taxes-and-incentives 9) Government of Seychelles. 2022. Budget 2022. https://www.statehouse.gov.sc/uploads/cabinet_downloads/126_SXUXuA3m.pdf 10) National Bureau of Statistics. 2020. Employment earnings 2020. https://www.nbs.gov.sc/downloads/economic-statistics/employment-earnings/2020 11) Government of Seychelles. 2018. Seychelles Tourism Master Plan. Part 1: Situational Analysis for a Sustainable and Responsible Tourism. http://tourism.gov.sc/wp-content/uploads/2019/07/SEYCHELLES-TOURISM-MASTER-PLAN_PART1-SITUATIONAL-ANALYSIS.pdf 12) Ministry of Fisheries and Blue Economy. 2018. Seychelles Blue Economy: Strategic Policy Framework and Roadmap Charting the future (2018-2030). http://www.seychellesconsulate.org.hk/download/Blue_Economy_Road_Map.pdf
IOA Sources
  • 13) Blue Safari Seychelles. 2020. The Alphonse Lodge. https://www.bluesafari.com/en/accommodation/alphonse-island-lodge 14) Seychelles News Agency. 2018. Constance Ephelia resort in Seychelles recognized as environmentally friendly 5 straight years. http://www.seychellesnewsagency.com/articles/9994/Constance+Ephelia+resort+in+Seychelles+recognized+as+environmentally+friendly++straight+years 15) Booking.com. 2019. Booking.com reveals key findings from its 2019 sustainable travel report. https://globalnews.booking.com/bookingcom-reveals-key-findings-from-its-2019-sustainable-travel-report/ 16) Sustainable Hospitality Alliance. 2020. Business Case for Sustainable Hotels. https://sustainablehospitalityalliance.org/wp-content/uploads/2020/05/Business-Case-for-Sustainable-Hotels.pdf 17) UNDP Project Team stakeholder consultation with a large international tourism enterprise in Seychelles on 17 May 2022. 18) Centre for Aviation. 2022. Seychelles tourist arrivals decline 37% in Dec-2021 compared to Dec-2019, 182,849 tourists in 2021. https://centreforaviation.com/news/seychelles-tourist-arrivals-decline-37-in-dec-2021-compared-to-dec-2019-182849-tourists-in-2021-1113804 19) UN Environment Programme. 2021. Food Waste Index Report. https://wedocs.unep.org/bitstream/handle/20.500.11822/35280/FoodWaste.pdf 20) Seychelles Nation. 2021. Carrying capacity studies on La Digue. https://www.nation.sc/articles/9897/carrying-capacity-studies-on-la-digue 21) UNDP Project Team stakeholder consultation undertaken with a public-owned tourism enterpise in Seychelles, in June 2022. 22) Seychelles Sustainable Tourism Foundation. 2020. Food waste in Seychelles. http://seychellessustainable.org/dont-waste-eat/ 23) IRENA. 2020. Energy Profile: Seychelles. https://www.irena.org/IRENADocuments/Statistical_Profiles/Africa/Seychelles_Africa_RE_SP.pdf 24) ILO. 2018. Seychelles Decent Work Country Programme 2019-2023. https://www.ilo.org/wcmsp5/groups/public/---ed_mas/---program/documents/genericdocument/wcms_674580.pdf 25) World Bank and Ministry of Environment, Energy and Climate Change of Seychelles. 2019. Seychelles Coastal Management Plant. http://www.natureseychelles.org/knowledge-centre/scientific-papers-database/national-documents/seychelles-coastal-management-plan-2019-2024 26) Andrea Giampiccoli, Oliver Mtapuri & John Nauright. 2020. Tourism Development in Seychelles: a proposal for a unique community-based tourism alternative. https://www.tandfonline.com/doi/abs/10.1080/14766825.2020.1743297?journalCode=rtcc20 27) Tourism Department of Seychelles. 2021. CC La Digue. http://tourism.gov.sc/wp-content/uploads/2021/07/CC-La-Digue-FEB-2021.pdf 28) Tourism Department of Seychelles. 2019. Accommodation Policy (Revised), 2018.http://tourism.gov.sc/wp-content/uploads/2019/04/Accomodation-policy-Revised-December-2018-2-1.pdf 29) Tourism Department of Seychelles. 2016. Policy on Tour Operator. http://tourism.gov.sc/wp-content/uploads/2016/09/New-Policy-Tour-Operator-1.pdf 30) SeyLII. Tourism (Incentives) Act 2003. https://seylii.org/sc/legislation/act/2003/7. 31) WIPO Lex. 2014. Licences Act, 2010. https://wipolex-res.wipo.int/edocs/lexdocs/laws/en/sc/sc020en.html. 32) Tourism Department of Seychelles. Tourism Development Act (2019). http://tourism.gov.sc/wp-content/uploads/2016/07/Tourism-Development-Act_2019.pdf 33) L'Union Estate Park. 2022. https://www.lunionestate.com/ 34) National Bureau of Statistics. 2022. Employment - Earnings. https://www.nbs.gov.sc/downloads/employment-earnings-2022-q1/viewdocument 35) Development Bank of Seychelles. 2020. COVID-19 Relief Scheme. http://www.dbs.sc/product-loans/covid-19-relief-scheme 36) The Ministry of Finance, Trade, Investment and Economic Planning. 2020. Policy Paper on Economic Activities Reserved for Seychellois. https://www.investinseychelles.com/component/edocman/reserved-economic-activities-policy-reap-_april-2020/download?Itemid=0 37) Ministry of Investment, Entrepreneurship, and Industry. 2022. Seychelles Investment (Economic Activities) Regulations, 2022. https://www.gazette.sc/sites/default/files/2022-07/SI%2076%202022%20-%20Seychelles%20Investment%20%28Economic%20Activities%29%20Regulations%202022.pdf 38) Republic of Seychelles Climate Change and Energy Department of the Ministry of Agriculture, Climate Change and Environment. 2021. Seychelles’ Updated Nationally Determined Contribution. https://www4.unfccc.int/sites/ndcstaging/PublishedDocuments/Seychelles%20First/Seychelles%20-%20NDC_Jul30th%202021%20_Final.pdf 39) National Bureau of Statistics. 2023. Statistical Bulletin December 2022. https://www.nbs.gov.sc/downloads/dec-2022-tourism/viewdocument. 40) UNDP Project Team stakeholder consultation undertaken with Seychelles MSP Initiative in July 2022.