Maldives tourism in 2025: Growth in numbers and decline in revenue?
As we move into 2025, the Maldives—a destination synonymous with luxury, pristine beaches, and crystal-clear waters—continues to attract travellers from around the globe. While initial projections indicate a slight increase in tourist arrivals this year, the underlying narrative is less optimistic. Despite the increase in visitor numbers, tourism revenue is unlikely to see a corresponding […]
Maldives sets $5 billion tourism receipts target for 2025
Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) has set an ambitious target of $5 billion in tourism receipts for 2025. The announcement was made during a press conference held at the MMPRC headquarters on Sunday by Abdulla Ghiyas, Chairperson of MMPRC, and Ibrahim Shiuree, CEO and Managing Director of MMPRC. Building on the achievements […]
President ratifies forex bill requiring dollar exchange in tourism
President Mohamed Muizzu on Saturday ratified the Foreign Exchange Bill, which introduces new regulations requiring foreign exchange earners in the tourism sector to exchange a portion of their foreign currency earnings to Maldivian rufiyaa. Parliament on passed the bill on Thursday. Key provisions of the law include: Category A establishments (resorts): Resorts can either exchange $500 […]
Forex bill proposes optional $500 per tourist exchange
Parliament on Monday received the new foreign exchange bill, which proposes to change the current mandatory requirement for resorts to exchange $500 per tourist optional or to enable them to exchange 20% of revenue instead. The bill was presented by Inguraidhoo MP and PNC parliamentary group leader Ibrahim Falah on behalf of the government. It […]
Maldives loses cruise line business to neighbouring destinations over high taxes
Cruise liners have stopped arriving in the Maldives due to increased costs stemming from the imposition of Tourism Goods and Services Tax (TGST) on tourists. This development has significantly impacted the operations of agents facilitating cruise line visits to the Maldives. Under a regulation introduced during the previous government, cruise tourists are required to pay […]
Tourism minister calls for greater Maldivian ownership in resorts
Tourism Minister Ibrahim Faisal has reiterated the government’s commitment to increasing Maldivian ownership and leadership in the tourism sector, particularly within resorts. Speaking on World Tourism Day, Faisal highlighted this as one of the government’s key objectives. Faisal said that Maldivians show strong interest in tourism and that the government is encouraging young people to […]
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, […]
The GM’s View: Mohamed Shareef
[vc_row][vc_column][vc_column_text]Hotelier Maldives spoke to Mohamed Shareef, the General Manager of Mirihi Island Resort about his journey to the top echelon of the hospitality industry, the challenges of managing a small resort, and his plans for the future. What attracted you to work in the industry? When I was younger I had always heard about the […]
How to use online learning to develop your career in the hospitality industry
While working in the hospitality industry it can be hard to gain the qualifications you need to develop your career further, but UDOL can offer you the flexibility to do this.
Careers: Thoha Yoosuf, Operations Manager at Olhuveli Beach Resort and Spa
Thoha Yoosuf started his career in the hospitality industry as a teenager working as a waiter. Presently he is the operations manager at Olhuveli Beach Resort and Spa.
A Day in the Life Of: Ahmed Raihaan, waiter at Centara Ras Fushi Resort & Spa
For this edition of ‘A Day in the Life Of ‘, Hotelier Maldives speaks to Ahmed Raihaan about his typical day as a waiter at Centara Ras Fushi Resort & Spa.
Hotelier Maldives marks two years in print
The bi-monthly print and online magazine launched in January 2014 celebrated two years in print with a dinner hosted for partners and friends.
