Business Tourism

Tourism industry income falls by 100 percent with off-season

The income generated by the tourism industry in the second quarter fell by 100 per cent as it coincides with the off-season.

The Q2 quarterly business survey report released by the central bank, MMA, shows resort booking dropped by 82 per cent in Q2 compared to Q1.

The drop in tourist arrivals resulted in a steep reduction in the income generated by tourism businesses. The drop in income is expected to prevail throughout the current Q3, but pick up once the tourist season begins in October.

MMA’s quarterly business survey report notes a low employment rate of Maldivian nationals in the tourist industry as an issue for concern. It also says that the competitiveness of the tourism industry is low.

Records released by Tourism Ministry show total 862,582 tourists visited the Maldives in the first two quarters of 2019. The number is 18.7 per cent growth compared to the same period of 2018.

Full details are available at the link below:

Source URL: Sun.mv

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