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The Metaverse for Hoteliers
The Metaverse holds the possibility of fundamentally altering travel and tourism. It is a promising tool for the hospitality industry to enhance guest experiences and provides an opportunity to connect with guests outside of the property. Augmented reality (AR) can be a powerful tool to create a relationship and impression in the guest’s mind before […]
Summer Island reopens after total renovation
The Summer Island Resort has reopened and welcomed back its first guests after renovations and refurbishments.
MVR 4b in resort lease rent penalties waived
A 2020 amendment to resort development regulations has resulted in the waiving of approximately MVR 4 billion in fines for non-payment of rent after the construction period’s expiration on leased islands designated for resort development. The amendment, which took effect in December 2020, reduced the penalty for non-payment of rent from 0.5% to 0.0493% for […]