Maldives tourism leaders to probe revenue drop despite increased arrivals
Tourism Minister Ibrahim Faisal and the new Managing Director of MMPRC, Fathimath Thaufeeg, highlighted plans to investigate why the surge in tourist arrivals in Maldives hasn’t translated into increased revenue. The government’s target of hosting 1.8 million tourists for the year was hit with the arrival of the 1.8 millionth tourist on Wednesday. Following a […]
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, […]
Ministry of Economic Development formally launches partnership opportunities for MIF
The Ministry of Economic Development hosted an event at Hotel Jen to launch partnership opportunities for Maldives Investment Forum 2015.
Patterns of Tourism Development in the Maldives and Sri Lanka
Sri Lanka and the Maldives are geographic, cultural and economic neighbors whose lives and livelihoods have been historically and even today intermingled and integrated.
International Tourism Exports Reach USD1.5 Trillion
International tourism receipts rose by USD48 billion in 2014, reaching a record of USD 1.25 billion, the World Tourism Organisation (UNWTO) has revealed.
Tourist Arrivals Reach a Record High in February
February’s tourist arrivals reached a record high, according to Maldives Monetary Authority’s Monthly Economic Review (March 2015).
Maldives Marine Expo 2015 opens in Male’
The Maldives Marine Expo 2015, the official exhibition of the Liveaboard Association of Maldives (LAM), opened at the Dharubaaruge convention centre today.
