Personality of the Month
Movers & Shakers
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Connecting the Dots
With 68 percent of the bed capacity occupied by resorts, what challenges and opportunities do you foresee for diversifying accommodation options, considering the current distribution of beds in resorts, guesthouses, hotels, and liveaboard vessels?
PUBLISHED December 15, 2023
In July 2022, the Finance Ministry along with the Tourism Ministry officials met with industry stakeholders MATI, MATATO, NBAM, NHGAM, ATA, MAYA etc. to share information on the increment of taxes in early 2023, in spite of not having an exact date of implementation. These meetings shed light on the proposed GST increments from 6% to 8% and TGST from 12% to 14% - a total increment of 2% from both the taxes. Many across the industry continue expressing their concerns on tax increment and advising authorities of the challenges in keeping up with competitive markets. What is your take on the matter?
PUBLISHED November 07, 2023
MMPRC and the tourism sector’s efforts to increase the inflow of tourists may result in additional flights coming in and new market openings. Then again, is there any positive impact without a new terminal at Velana International Airport or direct flights to regional international airports such as Maamigili, Maafaru, Gan or Hanimaadhoo? What is your take?
PUBLISHED October 08, 2023
The developmental works at Dhiyaneru lagoon began during August 2023. What benefit can Dhiyaneru Safari Harbour / Marina bring to the leisure boating industry of the Maldives?
PUBLISHED September 06, 2023
The first week of 2023 has seen a jump in superyachts visiting the Maldives. According to tracking data compiled by Bloomberg and reported on 6 January 2023, “the Maldives saw 18 superyachts in early January, compared with only one two months ago.” The report indicates a growing number of the global fleet cruising in the Maldives, with the island chain currently seeing more yachts than Hong Kong and Singapore combined, and slightly outpacing Thailand. With the increase of super yachts, the government has prepared and amended the current cruising regulations. What are the pros and cons of having many super yachts choosing the destination?
PUBLISHED August 05, 2023
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