Author: Mohamed Reehaan
Visit Maldives has successfully concluded the WTM London 2021 along with 58 industry partners. Moreover, the travel and trade fair was held from 01st until 03rd November. The World Travel Market (WTM) London is one of the leading global events in the travel industry providing a grand platform for industry professionals to meet and conduct business deals. The fair creates opportunities to its exhibitors and visitors to network and expand their reach with quality contacts, content and communities. Furthermore, this is the first time the WTM fair is being held as a hybrid event while the physical in-person fair is…
Visit Maldives concludes its training webinar on Sustainability in the Maldives held for the French market, which was held on 28th October via popular video conferencing application Zoom. Moreover, Visit Maldives confirms that the training is part of a series of webinars conducted to provide the latest information about the tourist destination and travel guidelines to travel agencies from France. The webinar was used as a platform to market the destination as a safe haven, emphasizing on the geographical advantage of Maldives allowing natural social distancing for tourists. Furthermore, individual products of the Maldives tourism were promoted in the webinar…
According to the latest collected data from Maldives Ministry of Tourism the total tourist arrivals to Maldives as of 27th October has reached 992,196. Furthermore, the total tourist arrivals to Maldives as of the review period is just 7,804 shy from hitting the 1 million tourist arrival target the government has aimed to achieve. Moreover, from 01st until 27th of the previous month the total arrivals to Maldives stood at 121,334 which is a 564.7% improvement from the same period in 2020 during which the total reached only 18,253. However, the arrival count in the review period is still 3.2%…
Maldives Monetary Authority (MMA) reports that according to the advance estimates of Quarterly National Accounts for second quarter of 2021, the real Gross Domestic Product (GDP) rebounded strongly. Moreover, the central bank of Maldives reported that the real GDP of the country bounced back by 75.3% following the decline of 10.1% during the first quarter of 2021. However, this strong bounce back is still not enough to exceed above pre-pandemic levels and remained 15.9% below in comparison with Q2-2019. Furthermore, MMA reports that the strong rebound in the annual GDP growth in the review quarter is mainly from the pick-up…
The proposed state budget by the Maldives government for the upcoming year of 2022 is MVR36,925.4 million (MVR36.9 billion). Furthermore, the state projects this budgetary total is 0.7% below the annual budgetary total for the current year. Meanwhile, the projections by Ministry of Finance report that the state budget’s intermediary increment will be at 1.1% in the year 2023 and another 1.2% in 2024. According to the Maldives government, 67.2% of the expenditure total will be focused on recurrent needs and the remaining 32.8% will be directed on capital expenses. Moreover, the intermediary recurrent expenses are expected to increase owing…
The Maldives Accountants Forum’s 2021 edition is now officially open for registration. The largest forum held in the country specifically for accounting professionals, opened up registration window on Monday, 01st November 2021. Furthermore, this forum is an annual event created to facilitate for discussions from the regulators and business community. The forum also allows accountants to get updated on their work needs with regards to industry demands. Moreover, the forum acts as a platform of capacity development for the field professionals as well. The theme of 2021’s Accountants Forum is “Readiness Mindset – Striving for Excellence” and will run for…
Premier tourism promoter, Visit Maldives has participated in the fourth edition of the International Maldives Travel Market (IMTM) 2021. Moreover, the IMTM 2021 was initially scheduled from 21st to 23rd September on the virtual platform of the IMTM Air. However, the event was eventually held from 26th to 28th October with the participation of several different countries. The IMTM 2021 is a business-to-business travel and trade fair bringing together international buyers including tour operators, travel agents, destination management companies as well as PR agencies from across the world. The international buyers liaise with local accommodation providers including resorts, hotels, guesthouses,…
The Housing Development Corporation (HDC) of Maldives has signed with Medianet to include the latter’s services in the former’s Open Access Network. Regarding the partnership, HDC affirms that residents of Hulhumale’-Phase 2 and especially Hiyaa Flat residents will receive Medianet services at faster speeds. The Open Access Network by HDC, being deployed at the satellite town is part of HDC’s strategies to strengthen digitalization of state services and the enhancement of businesses, as well as the lifestyles of the residents in the area.
The newest vessel of Maldives State Shipping (MSS) has arrived in the country’s capital Male’ City, on 30th October, Friday. Moreover, this is the first vessel purchased by MSS; a subsidiary of the country’s largest state-owned enterprise, State Trading Organization (STO). MSS confirms that after the branding works come through, the vessel will be put to towards the utilization and provision of shipping services between Maldives and Sri Lanka. In addition to this, the company confirms that 99% of the ship crew will be comprised of locals. The new vessel’s arrival has pushed anticipation of MSS to possible enhancement of…
Maldives was recently promoted virtually on ITB Asia 2021 Virtual, held from 25th October to 29th October 2021. The business-to-business event is regarded as one of the largest such B2B travel and trade show in Southeast Asia. Furthermore, the ITB Asia 2021 Virtual alongside MICE Show Asia 2021 Virtual and the Travel Tech Asia 2021 Virtual were business-to-business platforms that ran through five days, providing back-to-back business appointments for co-exhibitors to expand their networking. Co-exhibitors received interactive networking profiles and five complimentary virtual trade visitor tickets to the event. Moreover, the event featured a comprehensive guide of supplier directory, knowledge…