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 tourism in precarious state, MATATO says
The Maldives Association for Travel Agents and Tour Operators (MATATO) on Thursday unveiled the findings of a recent survey highlighting the fragile state of the country’s tourism industry. MATATO’s President, Abdulla Giyas, presented the results of the survey, which involved more than 2,000 participants, at a press conference. Notably, these participants included not only local […]
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, […]
Emerging Destinations: Raa Atoll
The first tourism development master plan’s vision was for the Male’ region to be the sole gateway and hub for tourism, but just for a short period. This was to be followed by the establishment of hubs in the north and south.
5 Things Hotel General Managers Need to Know About Revenue Management
It is important that hotel general managers understand the following five principles to focus the entire organisation on driving better revenue in totality.
A Day in the Life Of: Ahmad Nasath
[vc_row][vc_column][vc_column_text] Ahmad Nasath joined Sun Aqua Vilu Reef in 2014. He started his career as a waiter and was promoted to Restaurant Captain within a year. Nasath is a hardworking, dedicated staff, and when he is not on duty, he enjoys his time watching/playing football. Nasath is regarded as one of the friendliest staff at […]
Milestones: Kuredu – Standing the test of time
If you talk to most prospective tourism developers in the Maldives about the importance of location – more specifically, the distance from the country’s only international airport for over 40 years – they would say it is paramount.
Women in Hospitality: Shafa Shabeer, director of marketing at Coco Collection
For this edition of Women in Hospitality, Hotelier Maldives speaks to Director of Marketing for Coco Collection, Shafa Shabeer.
Exclusive: María Zarraluqui, Vice President of Global Development for Meliá Hotels International Group
Spearheading the group’s development worldwide, together with her team, Maria Zarraluqui has signed more than 110 deals worldwide over the last 3 years.
Feature: Revenue Management in a Time of Weak Demand – Strategies for Avoiding a Price War
How do you intelligently counter aggressive competitors with a strategy that no price is too low to win business?
Dusit International announces partnership with UnionPay International
Asian Hospitality group, Dusit International has announced a partnership with UnionPay International.
