EIB to lend €20 million towards sustaining SMEs in tourism industry
The loan is a part of Team Europe efforts to speed up the post-COVID-19 economic recovery of the Maldives, improve access to finance and reinforce the local banking sector. The first COVID-19 recovery support activity in Asia supports the two sectors contributing up to 40% of the Maldives’ GDP. The European Investment Bank (EIB) has […]
Maldives Resorts: Commandeered for Quarantine Facilities
As a matter of light conjecture, the Maldives is reported to offer the best quarantine facilities – fully functional tourist resorts. As we all know, the Maldives is under a public health emergency since 12 March 2020. That was a step taken in reaction to the first positive Covid-19 case in a visiting Italian tourist […]
Maldives Tourism Reaches 2019 Milestone Following Growth in India Arrivals
A new calendar year often leads to reflection on the previous 12 months and whether that period brought a raft of challenges or a wave of success. For hotel operators, understanding your property’s occupancy and revenue performance is crucial to determining whether your business has been successful over any time period. And by benchmarking your […]
Maldives tops preferred destinations for UAE holidaymakers
[vc_row][vc_column][vc_column_text]The Maldives is the top destination for holidaymakers from the United Arab Emirates, according to a survey by HolidayMe, a website offering customised holiday solutions across the Middle East. The survey, which was conducted online, with over 1500 HolidayMe customers in the UAE, revealed that Maldives was the top destination with 27.1 per cent, followed […]
Moody’s assigns first sovereign credit rating to Maldives
[vc_row][vc_column][vc_column_text]The global credit ratings agency Moody’s has assigned a first-time local and foreign currency issuer rating of B2 with a stable investment outlook to the Maldives. According to the agency, with its sovereign credit rating, Maldives became the fifth smallest nation by GDP that the agency’s Investor Service rates. Maldives is also one of the […]
An analysis of demand and supply in the Maldives
[vc_row][vc_column][vc_column_text]Visitor arrivals and major indicators Maldives has been maintaining its position as one of the most attractive holiday destinations in 2016 with an average arrival growth rate of 1.7% for inbound international tourists in the first half of the year 2016. The year began with a strong performance with a growth rate of 11.7% on […]
Hospitality Investment Conference Indian Ocean kicks off in Colombo
[vc_row][vc_column][vc_column_text]The 3rd Hospitality Investment Conference Indian Ocean kicks off at the Hilton Colombo, Sri Lanka, bringing together the who’s who of the hospitality industry in the Indian Ocean. The Opening Session held at the Hilton Ballroom was honoured by John Amaratunga , Minister of Tourism and Christian Religious Affairs of Sri Lanka, Ravi Karunanayake, Minister […]
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 […]
Maldives welcomes 750,000th visitor
[vc_row][vc_column][vc_column_text]The Maldives Marketing and Public Relations Corporation (MMPRC) has welcomed the 750,000th visitor to the Maldives this year. The ceremony held today saw the MMPRC, together with the Ministry of Tourism welcome Chinese tourist Wang Shuai and his family, with a free holiday to Meeru Island Resort & Spa and a commemorative plaque. Wang Fukang, […]
Maldives Tourism Development Corporation’s profit for the past quarter increase by 67 per cent
[vc_row][vc_column][vc_column_text]The Maldives Tourism Development Corporation (MTDC) earned a profit of USD 2.2 million (MVR 33.9 million) in the 2nd quarter of 2016. This is a 67 per cent increase when compared to the 1st quarter of 2016. Profit for the 1st quarter totalled at USD 1.3 million. According to MTDC’s 2nd quarter report for 2016, […]
Maldives records 1.1 million tourist arrivals this year at the end of November
Tourist arrivals for the year so far totalled 1,114,993 at the end of November, an increase of 1.3% compared to the same period last year.
Latest Maldives Visitor Survey: 93 percent say holiday expectations were met
The Ministry of Tourism in association with CDE Consulting undertook a Maldives Visitor Survey from September 21 to October 4 this year.
