Maldives Tourism Sector Analysed in Canadean Research Report Recently Published at MarketPublishers.com
28 Mar 2016 • by Natalie Aster
LONDON – The Maldives’ tourism industry is strongly dependent on international arrivals with such key source markets as China, the UK, Germany, Italy, France and other European markets. This country is famous amid the global tourists for its ultra-luxury resorts and beaches.
Growth in the Maldives’ tourism market slowed in 2015 and was estimates at 2%. This occurred primarily owing to a decrease in trips from Russia and China given certain economic problems in these countries. For instance, in 2015 arrivals from Russia decreased by 33% and from China – by 1%. Neighbor-country, India, emerged as the most rapidly-growing source market during 2011-2015, registering a 14% CAGR.
Occupancy rate in Maldives’ resorts and hotels also fell in 2015 owing to a declining number of international visitors from the key source markets including France, China and Russia. Moreover, the nationwide emergency announced towards the end of the year provoked booking cancellations and, thus, had a negative impact on occupy rates. In hotels, occupancy rate decreased from 42.5% in 2014 to 38.5% in 2015, while in resorts it plunged from 81.6% to 76.2%.
Cutting-edge report “Travel and Tourism in Maldives to 2020” prepared by Canadean gives insights into the Maldives tourism market and uncovers historic, present and forecast market values. It presents a detailed analysis of the key intermediate industries, examines tourist spending patterns for different categories, describes the key inbound and outbound tourism trends, illustrates the demand-side dynamics and outlines lucrative growth opportunities. The new research report offers granular forecasts of the Maldives’ tourism market development through 2020.
Travel and Tourism in Maldives to 2020
Published: March, 2016
Price: US$ 1,950.00
Other reports worked out by this publisher can be found in the Canadean’s catalogue.