Hotel Construction Pipeline Updates for 2021

As the post pandemic uncertainty still remains in the hospitality and tourism sector, the progress in hotel supply growth around the globe looks stagnant at present. According to a press release issued by STR on 15th April, except for Europe which has shown an increment, hotel construction activity is down among the rest of the […]

Opinion: Getting the Right Exchange Rate Critical to Sustain Tourism Industry

The value of one currency against another is indicated by the foreign exchange rate and it is believed by economic experts that attaining the right exchange rate is a crucial component in achieving economic stability and growth, especially for developing countries. The two most common exchange rate regimes adopted by countries in establishing foreign exchange […]

Tourism Indicators: Hope and Recovery amid the Pandemic

The year 2020 began with hope and positive expectations for Maldivian tourism industry, achieving a monthly growth rate of 14% in international tourist arrival for the month of January compared to January 2019. Yet, within just few weeks, the outbreak of the Covid-19 pandemic led to an immense global health crisis, worldwide panic, uncertainty and […]

Timothy Sawyer, CEO and Managing Director, Bank of Maldives

Hotelier Maldives had an exclusive interview with Timothy Sawyer, who was appointed as the Chief Executive Officer and Managing Director of Bank of Maldives Plc (BML) in July, 2019. In his interview, Tim talked about the current trends within the Maldivian banking sector and how Bank of Maldives managed to maintain its status as the […]

Overview of tourist accommodation facilities in the Maldives: Hotels and guesthouses

The unique and natural beauty of the Maldives coupled with the one-island-one-resort concept attracts droves of tourists to the luxury destination, but it is not solely dedicated for the affluent traveller—the country offers various types of accommodation options catering to a diverse range of preferences; from luxury to budget travellers and backpackers, etc. These facilities […]

Asia Pacific Sustainability Trends 2019

Horwath HTL and Greenview published the third Asia Pacific Survey of Hotel Sustainability Trends with in-depth research on key sustainability practices within the region, giving a special focus on where the hotels in the region stand in relation to energy and water consumption. Highlighting on the fact that sustainability has confirmed to be an environmental, […]

Providing high-quality healthcare services: A guest-centric approach by Tree Top Hospital

Despite the recent beginnings of the multi-specialty facility, Tree Top Hospital (TTH) is one of the finest and premier tertiary healthcare hospitals in the Maldives. Furnished with state-of-the-art technology and medical equipment, together with a vast staff body of medical specialists from multinational backgrounds, this newly-built healthcare facility brings safe, quality and excellent medical services […]

Doing business in the Maldives

Tourism in the Maldives is still strong and resilient with positive tourist arrival growth rates over the recent years despite some occasional political, economic and social uncertainties. As per the statistics of Ministry of Tourism, a total of 1,484,274 international tourists arrived in the Maldives in 2018 maintaining a satisfactory growth rate of 6.8 per […]

Tourism Indicators: The changing traveller behaviour

The Maldives tourism industry performance is favourable for the first half of the year 2017. Arrivals totalled at 657,540 tourists at the end of June with a growth of 6.1% compared to the same period in the previous year. The rest of the key demand-side indicators also reflected positive growth, while notably the average duration […]

Tourism indicators: 2017 1st Quarter Review

Even though the year 2017 began with a promising performance of 15.6% growth in tourist arrivals in the month on January, the quarter averaged to a modest growth rate of 4.3% compared to the first quarter of 2016 with an arrival total of 359,053 tourists registered at the end of March. This is mainly due […]

Tourism Indicators: The 2017 Outlook

Overview As global travel continuously grows in spite of the various challenges, UNWTO predicts a 3 to 4% growth in international tourist arrival for the year 2017 according to the survey of UNWTO Panel of Experts. Meanwhile, the year began with promising figures for the Maldives tourism industry as the month of January recorded a […]

2016 Maldives Tourism Industry Review

Despite the various challenges, the hospitality and tourism industry of the Maldives has been resilient, and the performance of the sector of the showed improvement in the year 2016 compared to the year 2015. With a total arrival of 1,286,135 inbound international tourists, the industry recorded an annual average tourist arrival growth rate of 4.2% […]