Business Tourism

Decline in Occupancy level despite of increasing Tourist beds

According to the Maldives Monetary Authority (MMA), the occupancy level of the Maldives decreased to 61% while the tourist beds increased by 10% during the first half of this year.

MMA as the central bank of the Maldives has analysed several economic sectors where it released the ‘Quarterly Economic Bulletin’ which reveals that during the period, the Maldives was operating 124 resorts last year which rose to 127 this year while the guesthouses also increased from  432 in last year to 490 operating this year.

The authority also states that with the increased resorts and guesthouses, the beds increased by 3,646 beds which led to a 10% rise compared to the same period of last year. The occupancy level was at 63% during the same period of last year which declined to 61% this year.

The tourist arrivals are estimated to increase during this winter where new flights will also be scheduled. Hence, with the increase in flight capacity, the tourism industry will have a good future. Besides, the ‘Business Rivalries’ between China and America may impact the tourism markets of the Maldives.

Full details are available at the link below:

Source URL: Corporate Maldives

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