Tourism - RajjeViyu

Tourism | 1 week ago | optimistic

Maldives Tourism and Economy Show Resilience

Maldives sees a 26% jump in Chinese tourist arrivals, reclaiming top source market status. The Sovereign Development Fund revenue rises 18%, and Fitch upgrades the country's credit rating to 'CCC-', reflecting improved economic outlook.

RajjeViyu

Tourism | 1 week ago | concerned

Maldives hikes TGST, blames debt for downgrade amid dollar crunch

The Maldives Inland Revenue Authority (MIRA) raised the Tourism Goods and Services Tax (TGST) from 16% to 17%, effective July 1, 2025. The government attributes the country's credit rating downgrade to inherited debt rather than COVID-19 spending, while a deepening US dollar shortage prompts India to extend a INR 30 billion currency swap facility.

RajjeViyu

Tourism | 1 week ago | concerned

Maldives tourism: arrivals mixed, community model launched

Tourist arrivals to the Maldives in 2026 show a slight year-on-year decline, with a recovery in May after sharp drops in March and April. The Ministry of Tourism and UNFPA have partnered to introduce a community tourism empowerment model, with a pilot in four Baa Atoll islands.

RajjeViyu