FINANCIAL YEAR 2023 HAS BEEN A VERY POSITIVE YEAR FOR THE BUSINESS. MALTA’S TOURISM RESULTS FOR THE YEAR SHOWED A RECORD NUMBER OF INBOUND TOURISTS, EXCEEDING THE 3 MILLION MARK, AND ALSO EXCEEDING 2019 ARRIVALS BY 8.3%. THIS, COUPLED WITH THE GENERAL INCREASE IN THE LOCAL POPULATION, HAS MEANT THAT CONSUMER DEMAND EXPERIENCED A PERIOD OF SUSTAINED GROWTH. AGGREGATE LIKE-FOR-LIKE TENANT TURNOVER AT THE POINT HAS CONSEQUENTLY BEEN BETTER THAN BOTH 2022 AND 2019. DESPITE THIS, TENANTS CONTINUED TO REPORT CHALLENGES ON THE HUMAN RESOURCES FRONT DURING THE PERIOD UNDER REVIEW.
The introduction of Homemate, a leading home-improvement retailer, into our shopping centre during the year under review, marks an important milestone in our centre’s journey.
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