Maldives expects 8.3% surge in tourist arrivals for 2024
The Ministry of Finance predicts an 8.3% increase in tourist arrivals to the Maldives in 2024, according to the Medium-Term Fiscal Strategy Report 2024-2026. In 2022, the Maldives witnessed a more rapid recovery than projected, with an initial estimate of 1.63 million tourists and 10.4 million bed nights. However, the actual figures exceeded expectations, as […]
China set to become Maldives’ top tourism market by year-end
Maldives is witnessing a surge in tourism arrivals from China, signalling a significant shift in its tourism landscape. Tourism Minister Dr Abdulla Mausoom predicts that by the end of the year, China will surpass all other countries to become the number one source market for tourism in the Maldives. This year alone, the Maldives has […]
Maldives hospitality market expected to reach $864b by 2028
The hospitality market in the Maldives has reached a valuation of USD 558.10 billion, with projections indicating a Compound Annual Growth Rate (CAGR) of 9.15% that will drive it to USD 864.81 billion by 2028. These findings emerge from a recently released market research report titled “Maldives Hospitality Market Report (2023-2028).” The Maldivian hospitality sector […]
Hospitality consultancy firm HVS publishes In Focus Report on the Maldives
HVS, a global hospitality consultancy firm, has published an in-depth report on the Maldives as part of their In Focus series. The report details the recent tourism trends in the Maldives, covering areas such as tourist arrivals, aviation, overall resort market wide performance and luxury market resort trading performance.
