The owner and operator of seven upscale hotels and a beachfront restaurant on the island of Barbados also said it does not expect recent changes introduced by the new Barbados government to have a material impact on results for the year to the end of September 2018 or 2019.
The island is a favoured destination for UK tourists due to its climate, beaches, security and familiarity and relies on Britain for a goodish chunk of its visitors. However, sterling's volatile performance during the year has been bad news for hoteliers and other travel businesses.
The fall in the pound’s value made it that much more expensive for travellers from Britain but Elegant’s strong second-half performance shows business is picking up.
The AIM-listed group also said that it welcomes the government's plans to invest both in the Barbados tourism industry and in the wider infrastructure of the island.
Shares in the company were 3.6% up at 68p in early trade.