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$42.4m contract awarded to reclaim land for 3 regional airports
Capital Marine and Civil Construction Company (CMCCC), a leading Sri Lankan construction company, has secured a lucrative project to reclaim land for airport development in three islands. The agreement, valued at USD 42.4 million, was officially signed on Wednesday between CMCCC’s Managing Director, Sevaraja Manivannan, and Fathimath Shana Farooq, the Director General of the Planning […]
Strong Hotel Revenue Growth Predicted for Asia-Pacific in 2018
[vc_row][vc_column][vc_column_text]Maldives – March 2018 – A survey of 100 leading hospitality industry professionals from across the Maldives and the wider Asian region has predicted a positive outlook for the regional hotel sector in 2018, with 61 percent of respondents forecasting 10 percent or more revenue growth in the year to come. The ‘APAC Hotel Market […]
Industry insiders raise concern over US$6 green tax
Resorts and tour operators have raised fears that imposing a US$6 a day ‘green tax’ on tourists from November 2015 onward could adversely impact the Maldivian tourism industry. Industry insiders expressed concern that the Maldives could become an overpriced destination, reports TTG Asia. “The green tax will definitely have an impact. It is (already) becoming too expensive to go to the top resorts because of all the service charges and taxes,” Managing Director of Viluxur Holidays told TTG.