Hotelier Maldives GM Forum 2023: President-elect says aim to complete VIA new terminal by 2024 peak season

President-elect Dr Mohamed Muizzu on Thursday revealed plans to expedite the construction of Velana International Airport’s (VIA) new terminal, with the goal of finishing the project by next year’s peak season. Speaking at the Hotelier Maldives GM Forum held at Bandos Maldives resort, Muizzu emphasised the crucial role the new terminal plays in the tourism […]

Debt, weak policies affect Maldives’ tourism, investor appeal, new MATATO report warns

The Maldivian economy is in a fragile state primarily caused by a dollar crisis and excessive government expenditure, with negative impacts on the local tourism sector and investor interest in the destination, a new study by the Maldives Association of Travel Agents and Tour Operators (MATATO) said on Thursday. The report, based on extensive qualitative […]

Urbanco seeks investors for Urban Isle boutique hotels

Urbanco has announced its search for interested parties to submit Expressions of Interest (EOIs) for the development and operation of boutique hotels within the Urban Isle project in Hulhumale. The Urban Isle initiative, unveiled by Urbanco in July, involves the allocation of seven land plots for boutique hotel development. HDC has now reopened three of […]

Th. Ruhthibirah island up for bidding for resort development

On Sunday, the Maldivian Ministry of Tourism officially commenced the bidding process for the development and operation of a resort on Ruhthibirah Island, located in Thaa Atoll. Key details about the bid: The island spans 8.41 hectares in size, providing ample space for the development of tourist facilities The ministry has proposed a minimum requirement […]

Govt opens bidding for resort development in 2 northern islands

The Maldives’ Tourism Ministry has announced the commencement of the bidding process for resort development and operation on two islands located in the northernmost Bodu Thiladhummathi region. The ministry’s official gazette published the announcement, inviting interested parties to submit their bids for these lucrative opportunities. The two islands open for resort development are HA. Medhafushi […]

Muizz unveils ambitious Asseyri Tourism expansion plan for Addu

Opposition PPM-PNC candidate Dr. Mohamed Muizz has put forward an ambitious plan to revitalise tourism in Addu, a city located in the southernmost part of the Maldives. Named the Asseyri Tourism concept, Muizz’s plan aims to create a substantial number of jobs, increase accommodation capacity to 6,000 beds, and establish a seaplane hub to benefit […]

Tourism development in B. Goidhoo, Fulhadhoo, Fehendhoo lagoon announced

In an announcement on Monday, President Ibrahim Mohamed Solih unveiled plans for the development of a resort in the captivating lagoon encompassing B. Goidhoo, Fulhadhoo, and Fehendhoo. The President, addressing a crowd of supporters during his visit to B. Fulhadhoo as part of his ongoing presidential election campaign, expressed his enthusiasm for the potential of […]

Pres announces new resort development project in Gaafu Alif Atoll

President Ibrahim Mohamed Solih revealed on Wednesday that the uninhabited island of Araigaththaa, located near GA. Gemanafushi, will be opened for bidding to facilitate the development of a resort. The announcement was made during the president’s campaign tour of Gaafu Alif Atoll, where he addressed the community of Gemanafushi during an evening meeting. President Solih […]

Waldorf Astoria Maldives’ Qatari owner buys Villa Group’s $20m Vaareddhoo lagoon

Vaareddhoo lagoon in Kaafu Atoll has witnessed a change in ownership as Qatari businessman Ramez Al-Khayyat’s Asset Group acquired its leasehold rights for $20 million (MVR 350 million), local media reported on Thursday. The sale comes as Villa Group, under the ownership of Jumhooree Party (JP) leader and presidential candidate Gasim Ibrahim, strategically divests its […]

Hotels & Resorts Investment Maldives partners with MEYER Floating Solutions to revolutionise luxury real estate and tourism

Hotels & Resorts Investment Maldives (HRIM) and MEYER Floating Solutions have announced an exciting partnership aimed at transforming the tourism and luxury real estate sectors in the Maldives. This collaboration will introduce cutting-edge and luxurious floating products to the resort and luxury real estate market, offering unparalleled experiences and ownership opportunities. With a shared vision […]

Tourism Sector Overview: Q1-2016 Maldives & Asia Pacific

[vc_row][vc_column][vc_column_text]According to the statistics by the Ministry of Tourism Maldives, the year 2016 began with promising performance as international tourist arrivals totaled 344,166 at the end of quarter one. This is an increase of 4.3% compared to the arrivals in the 1st quarter 2015. However, the rest of the key indicators depicted a decreasing trend […]

Hotel Investment Conference for Asia Pacific (HICAP) 2015 underway at the InterContinental Hong Kong

Yesterday saw the opening of the Hotel Investment Conference for Asia Pacific (HICAP) at the InterContinental Hong Kong.