Minh Ho of Horwath HTL Asia Pacific has written the next in our series of market reports, focusing on the market in the Maldives.
‘Over time, the Maldives has proven itself to be a resilient market and rebounded quickly from downturn. Benefiting from its pristine natural islands, crystal-clear water and idyllic sandy beaches, resorts are able to achieve high room rates compared to other resort destinations, making Maldives one of the most expensive leisure destinations worldwide. After a period of political turmoil and the newly appointed political leadership, Maldives has been stable and is anticipated to continue to retain its appeal in the coming years. The hotel industry is expected to continue growing with several resorts are expected to open within the next few years.‘