Growth in Key Sectors Up as Fisheries Sector Declines in Q1 2024
Maldives Monetary Authority (MMA) reported that key sectors grew in Q1 2024 except fisheries. GDP expected to increase year-on-year due to tourism growth. Tourist arrivals exceeded 604,000 in Q1, a 15% increase over Q1 2023 and 25% over Q1 2019. Bed-nights increased 9%. Number of resorts increased from 170 to 175. Bed capacity up 2%, occupancy rate rose from 71% to 75%.
Maldives Monetary Authority (MMA) reported that key sectors grew in Q1 2024 except fisheries. GDP expected to increase year-on-year due to tourism growth. Tourist arrivals exceeded 604,000 in Q1, a 15% increase over Q1 2023 and 25% over Q1 2019. Bed-nights increased 9%. Number of resorts increased from 170 to 175. Bed capacity up 2%, occupancy rate rose from 71% to 75%.
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Maldives Monetary Authority (MMA) reported that key sectors grew in Q1 2024 except fisheries. GDP expected to increase year-on-year due to tourism growth. Tourist arrivals exceeded 604,000 in Q1, a 15% increase over Q1 2023 and 25% over Q1 2019. Bed-nights increased 9%. Number of resorts increased from 170 to 175. Bed capacity up 2%, occupancy rate rose from 71% to 75%.
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Focus: Growth in Key Sectors Up as Fisheries Sector Declines in Q1 2024
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