Hussain Thoufeeq Ali, Managing Director, Silver Sands Pvt. Ltd.
The Maldives tourism industry came to life in 1972 with the introduction of 60 tourist beds in two resort islands. Since then, tourism has been flourishing in the country for over four decades now. However, the recent influx of international chain hotels and guesthouses has opened up the Maldives tourism industry from its previous base […]
A decade of guesthouse tourism
[vc_row][vc_column][vc_column_text]The Maldives has been known as an exclusive resort destination since tourism was introduced in 1972. However, the Maldives brand has evolved, and although the destination has remained one of the most desired in the world for honeymooners, the broad profile of holidaymakers has changed over the decades. In the 1980s and the early 1990s […]
Change in order to win; the growth of the luxury market
[vc_row][vc_column][vc_column_text]Editor’s Note: The following is a summary of the report; Rethinking Luxury, by Horwath HTL. All images courtesy of Horwath HTL. As the industry invests in more and more high-value tourism products with exclusive services and one-of-a-kind features in their properties, it is comforting to know that the luxury travel is, in fact, growing at […]
17% growth in arrivals in Q1 2018
[vc_row][vc_column][vc_column_text]Statistics published by the Ministry of Tourism show a year-on-year growth of 17% in tourist arrivals for the first quarter of 2018. Arrivals were higher in each of the three months in the first quarter compared to the Q1 of 2017. This is in comparison to a 4% increase for arrivals in the first quarter […]
Capitalizing on the growth of the Indian outbound market
[vc_row][vc_column][vc_column_text]Indian outbound travel is on the rise. With a seven percent growth rate during the past few years, an increasing middle class, which is estimated to be greater than the total population of the United States, changing attitudes towards spending complemented by a host of other environmental factors have contributed to a massive increase in […]
The effect of crises on tourist arrivals
[vc_row][vc_column][vc_column_text]Natural disasters, political instability, global terrorism and pandemics affect tourism negatively. The impact may vary from country to country due to various reasons. Unlike the times when travel was for the adventurous who embarked on long arduous journeys to the unknown, today’s travelers travel in search of peace and relaxation. They make informed decisions on […]
A worldwide perspective: A look back at 2017 and future trends and projections
[vc_row][vc_column][vc_column_text] Looking back at 2017 The year 2017 saw a growth in the arrivals of 8%, contributed mainly by the 12% increase in arrivals from Europe. Arrivals from the Asia Pacific region increased by a mere 3.2%. However, all major source markets in the Asia Pacific region with the exception of China showed strong growth, […]
Industry performance: Supply, demand and external factors
[vc_row][vc_column][vc_column_text]As of the end of November 2017, arrivals are up by 6.8% with Europe registering the largest increase compared to the previous year. European arrivals increased by 11.3% year-on-year. Looking at specific regions in Europe, Central and Eastern Europe, which includes Russia, registered a growth of 23.4%. Russia is the biggest contributor to this growth […]
Tourism Indicators: A look at the numbers for 2017
[vc_row][vc_column][vc_column_text]What is most significant in arrival numbers for the year as at end October 2017 is the shift in the proportion of European arrivals in comparison to that from Asia and the Pacific? There is a decrease in absolute numbers from Asia and the Pacific region of less than 5000, which amounts to a decrease […]
