Maldives to sell carbon credits: A feasible and beneficial move?
The Maldives is one of the countries most vulnerable to climate change. With rising sea levels and more extreme weather events, the Maldives is facing a number of challenges, including the need to reduce its own carbon emissions and find ways to adapt to the impacts of climate change. One way that the Maldives can […]
Maldives tourism sector shining amidst global real estate headwinds
The Asia Pacific hotel sector is emerging from the shadows of the COVID-19 pandemic and navigating through the turbulence of global real estate markets. With borders reopening and the gradual resumption of airlift, the industry has been on a steady ascent. Hotel performance, measured by Revenue per Available Room (RevPAR), has surged and now stands […]
Baros Maldives celeberates golden jubilee of authentic Maldivian hospitality, legacy and innovation
Baros Maldives, is on the brink of an extraordinary milestone as it commemorates 50 years of existence. This anniversary not only pays homage to the resort’s illustrious history but also exemplifies its unwavering commitment to values that have shaped it into an iconic emblem of Maldivian hospitality and environmental stewardship. A Timeless Retreat: Nestled in […]
Hotelier Maldives GM Forum 2023: Atmosphere Core shares sustainability success story
Atmosphere Core, a leading hospitality group in the Indian Ocean, showcased its sustainability achievements and initiatives at the Hotelier Maldives General Managers (GM) Forum, which was held at Bandos Maldives resort on October 19. Ashwin Handa, Senior Vice President of Operations at Atmosphere Core, delivered a keynote speech titled, ‘Why sustainability can go hand in […]
Hotelier Maldives GM Forum 2023: Lessons from Soneva Namoona on making CSR meaningful, strategic, sustainable
Katarzyna ‘Kash’ Izydorczyk, Director of Operations and Community Engagement at Soneva Namoona, shared her insights and experiences on how to create meaningful corporate social responsibility (CSR) initiatives that go beyond token gestures and address the real needs of communities. She was speaking at the Hotelier Maldives General Managers (GM) Forum 2023, which took place at […]
Maldives faces $1.7b annual economic loss from 88 unfinished resorts
The Maldivian tourism industry is grappling with a substantial setback as 88 resorts designated for development remain incomplete, resulting in an annual economic loss of $1.7 billion, as per the Finance Ministry’s fiscal statement for 2024-26. Maldives, heavily reliant on tourism, considers these unfinished resorts a linchpin of its economic prosperity. However, these 88 islands, […]
Maldivian, the national flag carrier starts making profits after 3 years
Island Aviation Services (IAS), the operator of the Maldivian national flag carrier airline, is celebrating a significant turnaround in its financial performance this year. After three years of losses, the company has bounced back into profitability, posting a net profit of MVR 10.74 million in the first quarter of 2023. The encouraging news was revealed […]
Fitch affirms Maldives’ B- rating, cites economic and financial challenges
Fitch Ratings, a leading global credit rating agency, has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Negative Outlook. This decision is based on a careful assessment of various economic and financial factors affecting the nation. Here are the key rating drivers and highlights from Fitch’s assessment: Negative Outlook: The […]
World Bank forecasts Maldives’ debt to reach 115%, GDP growth to slow
The World Bank has forecast that Maldives’ debt will reach 115 percent of GDP this year, and that GDP growth will be slower than previously forecast. The World Bank said in its South Asia Development Update that the Maldivian economy is expected to grow by 8.2 percent this year, but that this growth will slow […]
Kaage: Award-winning epicurean escapade at VARU By Atmosphere Maldives
As you bask in the warm embrace of the sun-kissed waves on the pristine shores of the Maldives, a culinary oasis awaits at Kaagé, the specialty restaurant at Varu By Atmosphere. Nestled amidst turquoise waters and lush greenery, this cosmopolitan property offers you an unrivalled gastronomic experience that will tantalise your taste buds and nourish […]
Maldives: 1,261 Tourist Facilities in Operation
The Ministry of Tourism recently announced that as of September 12, 2023, a total of 1,261 tourist facilities in operation. The breakdown of these tourist facilities is as follows: 172 resorts, 913 guesthouses, 14 hotels, and 162 live-aboard vessels. This diverse range of accommodations caters to travelers with various preferences and budgets, ensuring that all […]
World Tourism Day: A celebration of tourism’s importance to the Maldives
As World Tourism Day 2023 approaches, the picturesque nation of Maldives eagerly prepares to join the global celebration under the theme of “Tourism and Green Investments.” In a world that’s becoming increasingly aware of the importance of sustainable practices, the Maldives, with its breathtaking natural beauty and reliance on tourism, is at the forefront of […]
