Market Report Maldives

HVS Report - Maldives | Sustaining for the Future - Tourism, Environment and Investment - By Victoria Jia Li Chan and Hok Yean CHEE

This article showcases the potential of the Maldives and evaluates its current performance under the given changes in its tourism market, while highlighting key considerations for investors regarding hotel development and investment in the region.


The Republic of Maldives has approximately 1,192 inhabited and uninhabited islands, with the nation spread in two rows of 26 natural atolls across an area of 90,000 square kilometers in the Indian Ocean. 

Famous for its natural beauty with white sand beaches and crystal clear waters, the Maldives is ranked as one of the best diving destinations in the world. High-end tourism has propelled the economy’s strong expansion over recent decades and enabled the Maldives gain middle-income status. According to World Travel & Tourism Council, the direct and total contribution of Travel and Tourism to the Maldives Gross Domestic Product (GDP) was 52.4% and 96.5% of the total GDP in 2015, respectively; thus, making tourism the key industry for the economy. Hence, it is crucial for the island nation to maintain its image and attractiveness as a tropical island getaway for special events and occasions. 

The Ministry of Tourism plays an important role in shaping the tourism landscape in the Maldives. To boost tourism arrival, the government has planned to expand the country’s main gateway airport in Malé.

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