British billionaire Richard Branson officially opened two new luxury properties on one of his two private BVI islands on Friday, October 1.

Branson officially opened “the Oasis Estate” and “the Point Estate” for guests on Moskito Island. The island is Branson’s second private getaway in the British Virgin Islands after Necker Island.

The Oasis Estate is located at the top of Moskito Island and spans 17,500 square feet with 360 degree views of the Caribbean Sea. Meanwhile, the Point estate is located in the southwest of the island and covers 16,000 square feet.

High rents

Unlike its sister island, Necker, Moskito’s estates are available for individual rental. Staying in luxurious properties comes at a high price.

Rates for Point Estate, for up to 10 people with a four-night minimum, start at $ 17,500 per night while the Oasis Estate starts at $ 19,000 per night.

According to Virgin Island Limited CEO Jon Brown, Moskito is “the Caribbean’s newest gem.” He described it as a one-of-a-kind getaway where guests can enjoy beautiful, unspoiled surroundings in a convenient and private home.

Great attention for BVI

The opening of the two private villas was widely covered by international media and it could indicate an even bigger turnaround for the BVI tourism industry.

The coronavirus pandemic and the resulting restrictions have strongly impacted the arrival of tourists in the region. This had an impact on the economy as it is a key contributor to the territory’s gross domestic product.

However, with the positive coverage of the islands and the government’s successful efforts to catch the peak cruise tourism season, it is expected that the territory could see an increase in tourist arrivals.