Tourism industry generated $5.6 billion in 2024, resorts accounted for 83.6%
The Maldives’ tourism industry generated $5.6 billion in revenue last year, with resorts contributing 83.6% of the total, according to Ahmed Nazeer, Secretary General of the Maldives Association of Tourism Industry (MATI). Speaking at the 35th Annual General Meeting of MATI at Kurumba Maldives on Sunday, Nazeer highlighted the changes in the tourism sector over […]
BML launches Green Resort Financing with MVR 50m overdraft, 6.5% interest
Bank of Maldives has launched its Green Resort Financing, a facility designed to support resort investments in sustainable practices. Chairman of Crown and Champa Resorts, Hussain Afeef joined the Bank’s CEO and Managing Director Mohamed Shareef to launch the new financing facility during the Maldives Association of Tourism Industry’s (MATI) Annual General Meeting held Sunday. […]
Maldives central bank governor hints at possible reduction in mandatory dollar exchange
Maldives Monetary Authority (MMA) Governor Ahmed Munawar on Sunday indicated that the mandatory foreign exchange conversion requirement for resorts may be reduced in the future. Speaking at the annual general meeting of the Maldives Association of Tourism Industry (MATI) at Kurumba Maldives, the governor stated that such a change could take up to two years […]
Maldives Association of Tourism Industry holds 35th Annual General Meeting
The Maldives Association of Tourism Industry (MATI) held its 35th Annual General Meeting (AGM) on the 9th of February 2025 at Kurumba Maldives, with 111 members in attendance. The Annual General Meeting began with addresses from Chairman, Mohamed Umar Maniku and Secretary General, Ahmed Nazeer. The proceedings included a video showcasing the association’s 2024 advocacy […]
Reethi Raajje campaign unites communities in Laamu Atoll for climate action and waste management
The Maldives Association of Tourism Industry (MATI), in collaboration with Parley Maldives, hosted a series of events in Laamu Atoll as part of the Reethi Raajje – ރީތި ރާއްޖެ campaign. Supported by the Laamu Atoll Council, Gan Council, and Hamad School, the campaign continued its mission of environmental sustainability and cultural preservation through engaging activities […]
Reethi Raajje Campaign concludes successful events in Addu, Fuvahmulah
Maldives Association of Tourism Industry (MATI), in collaboration with Parley Maldives, held two significant events as part of the Reethi Raajje campaign. Focused on environmental sustainability and cultural preservation, these events in Addu City and Fuvahmulah City engaged communities and schools through various educational and hands-on activities. The Addu City event on November 24, 2024, […]
MATI Insight hosts strategic masterclass led by Mark Pollard
The Maldives Association of Tourism Industry (MATI) hosted the second edition of MATI Insight, featuring a strategy masterclass titled *”Sweathead Masterclass: Strategy is Your Words”* conducted by Mark Pollard. The session, held on November 17, 2024, at the Crossroads Maldives Event Hall, attracted over 75 participants. The workshop focused on enhancing participants’ strategic and planning […]
MATI opens registration for Strategy Masterclass with Mark Pollard
The Maldives Association of Tourism Industry (MATI) has announced the opening of registration for the 2nd Edition of MATI Insight, a Strategy (Marketing) Masterclass titled “Sweathead Masterclass: Strategy is Your Words,” led by Mark Pollard. The event will take place on Sunday, November 17, 2024, from 10 a.m. to 2 p.m. at the Crossroads Maldives […]
MU Maniku calls for increased flights to remote atolls to boost tourism
The Maldives Association for Tourism Industry (MATI) Chairman, Mohammed Umar Maniku (MU Maniku), has emphasized the need for increased flight connectivity to remote atolls to expand tourism in the Maldives. Speaking at a panel discussion on Tourism Day, MU Maniku, a veteran of the tourism industry, highlighted that the lack of adequate flights poses a […]
New foreign currency exchange regulations ‘unacceptable’, MATI says
Maldives Association of Tourism Industry (MATI) has raised concerns over the Maldives Monetary Authority (MMA)’s new foreign currency regulations, stating that the association’s objections were not considered in the final version of the regulation. In a statement issued following the MMA’s press release on Tuesday, MATI emphasised that the proposals presented by the Authority during […]
MATI holds inaugural edition of knowledge-sharing event series
The Maldives Association of Tourism Industry (MATI) on Tuesday hosted the inaugural edition of MATI Insight at H. Meeruma, Male’. Apart from MATI members, high-ranking officials from both the Ministry of Tourism and the Maldives Marketing and Public Relations Corporation (MMPRC) participated in the event. MATI Insight is a series of knowledge-sharing events aimed at […]
MATI backs Maldives’ land reclamation halt to protect reefs amid bleaching
Maldives Association of Tourism Industry (MATI) on Sunday announced its full support for the Environmental Protection Agency’s (EPA) recent measures to combat the severe mass coral bleaching affecting the region. The EPA has called for an immediate cessation of all major coastal development projects until June 10, 2024, in an effort to mitigate the environmental […]
