Revenue from Tourism Land Rent Increased 12.5%
In January 2023, the revenue from the tourism land rent increased by 12.5% compared to the same period last year. Last month the state collected MVR 6.1 million in tourism land rent. Last year, the government proposed an amendment to the Tourism Act that would reduce resort land rent. The amendment would have cut USD […]
19 Maldivian Resorts Awarded 4 or 5 Stars in 2023 Forbes Travel Guide Star Awards
19 Maldivian resorts were awarded either 4 or 5 stars in the 2023 Forbes Travel Guide Star Awards. The Forbes Travel Guide is the largest independent, global rating agency for luxury hotels, restaurants, spas and ocean cruise ships. Every Star Rating is given through an objective, independent process. The Forbes Travel Guide began in 1958, […]
The Ritz-Carlton Maldives, Fari Islands Awarded Forbes Travel Guide 5 Star Award
The Ritz-Carlton Maldives, Fari Islands has earned a Forbes Travel Guide Five-Star award, the only global rating system for luxury hotels, restaurants, spas and ocean cruises. The resort’s excellence in hospitality is unquestionable as The Ritz-Carlton Maldives, Fari Islands, received this honor during its first full year of operation. “We are incredibly honored to receive […]
Government to Relinquish Shangri-La Villingili Stakes
Shangri-La Villingili Resort & Spa is a three-km-long archipelago studded with 147 villas and over 12-hectares of lush foliage. The Hong-Kong multinational hospitality brand was developed in Addu through collaborative investments of Addu Investment Pvt (70 percent) and the government of Maldives (30 percent). Last month – during a visit to Addu City – President […]
FHAM Dates Announced for May 2023
Food and Hospitality Asia Maldives (FHAM) has announced the dates for the next exhibition will be held on May 8-10, 2023 in Hulhumale Central Park. FHAM is the premier international hospitality trade fair in the Maldives. Interested exhibitors are invited to book stalls now to showcase their latest products, services and innovations. FHAM is also […]
Maldives Discards Written Approval Requirement for Resort Share Transfer
On Sunday, the Maldives government amended regulations to allow resort owners and operators to transfer shares without obtaining a prior approval from the Tourism Ministry. The amendment eliminates the following clauses: Requirement for a prior written permission from the tourism ministry for share transfers related to tourism businesses. The requirement to submit a share certificate […]
Maldives Records The Highest Daily Arrivals Post-Pandemic
Maldives welcomed 8,028 arrivals on Saturday, 11th February 2023. The Tourism Ministry stated that it is the highest number of arrivals to be recorded within a single day since the pandemic. The most recent peak prior to this instance was on 26th December with 7,621 arrivals. The world’s leading destination of the past three years […]
65% Increase in TGST Revenue
Maldives Inland Revenue Authority (MIRA) has reported an increase of 65 percent in Tourism Goods and Service Tax (TGST) revenue, as compared to the previous year. The Monthly Revenue Collection Report published on MIRA’s website states that an increment of 43.1 percent was recorded in January 2023 in comparison to the same period last year. […]
World’s First Underwater Jet Pack at Siyam World
Siyam World launched the world’s first underwater jet pack in collaboration with CudaJet. The CudaJet allows divers to fly weightless underwater. It is controlled by simply angling the body towards the direction of travel. The jet has a thrust of 40 kg and a speed of 3 meters a second. The device is easily mounted […]
45 New Jobs Announced at GDh. Faresmaathoda Airport
Over 40 new jobs at Gaafu Dhaalu atoll Faresmaathoda Airport have been announced by Regional Airports Company Limited (RACL). Candidates for 45 new posts, including airport managers, operations and administrative officers, supervisors, support staff, maintenance, security, and firefighters, are invited to apply. Applicants are requested to submit necessary documents before February 20, 2023. GDh. Airport […]
Coco Palm Dhuni Kolhu joins Kind Traveler as a New Way for Guests to Help Sea Turtles
Coco Palm Dhuni Kolhu joins Kind Traveler, the first socially conscious Give + Get hotel booking platform that empowers travellers to positively impact the communities they visit. Travellers unlock special rates & perks with curated Kind Hotels upon a $10 donation to a local charity. Coco Palm Dhuni Kolhu has long been collaborating with the […]
Kuramathi Maldives to Celebrate International Day of Women and Girls in Science
This International Day of Women and Girls in Science, Kuramathi Maldives joins the call to advocate for female representation in science among the younger generation. On 10th February, Kuramathi will host an exhibit at the Eco Centre highlighting the contributions of women leaders from various marine science institutes and the transportation sector in the Maldives, […]
