Market Report: Maldives Market Overview
By Georgienne Lee on May 8, 2019
Tourist arrivals to the Maldives grew at a CAAG rate of 8.1% from 2008 to 2018. By end of 2018, total arrivals exceeded 1.4 million. As the highest rate-yielding market in Asia, developers are all vying for a share of the pie. In 2019, the Maldives is expected to witness 17 new resort openings, adding over 2,100 keys to the resort market. Is there room for more resorts in the Maldives?
This latest report by Georgienne Lee of Horwath HTL Singapore seeks to highlight historical trends of the resort market in the Maldives across different tiers and locations, and provides their take on the outlook of the market.