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Growth in Key Sectors Up as Fisheries Sector Declines in Q1 2024
The Maldives Monetary Authority's Quarterly Economic Bulletin reported that key Maldives industries grew in Q1 2024 apart from fisheries, with GDP expected to rise year-on-year mainly on tourism growth. About 604,000 tourists arrived in the quarter, up 15% from Q1 2023, while the number of resorts rose from 170 to 175 and occupancy increased from 71% to 75%.
Sources1carried itMR1 of 19 news outlets we monitor
Figures10as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
How the reporting differs
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Maldives RepublicNews outlet
Growth in Key Sectors Up as Fisheries Sector Declines in Q1 2024
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Figures in these reports
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Approximately 604,000Tourist arrivals in Q1Maldives RepublicApproximately 604,000 tourists arrived in Q1; marking a 15% increase compared to Q1 2023, and a 25% increase compared to Q1 2019.
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15%Increase in tourist arrivals versus Q1 2023Maldives RepublicApproximately 604,000 tourists arrived in Q1; marking a 15% increase compared to Q1 2023, and a 25% increase compared to Q1 2019.
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25%Increase in tourist arrivals versus Q1 2019Maldives RepublicApproximately 604,000 tourists arrived in Q1; marking a 15% increase compared to Q1 2023, and a 25% increase compared to Q1 2019.
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10,214 arrivalsSingle-day tourist arrivalsMaldives RepublicOn 10 February alone, the Maldives recorded 10,214 arrivals, the highest single day tourist arrivals since the Covid lockdown in 2019, the Bulletin noted.
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9 percentIncrease in bed-nights overallMaldives RepublicBed-nights increased by 9 percent overall where resorts noted a 7 percent increase and guesthouses a 5 percent increase.
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7 percentIncrease in resort bed-nightsMaldives RepublicBed-nights increased by 9 percent overall where resorts noted a 7 percent increase and guesthouses a 5 percent increase.
Word for word from the report in Maldives Republic. Open the report
5 percentIncrease in guesthouse bed-nightsMaldives RepublicBed-nights increased by 9 percent overall where resorts noted a 7 percent increase and guesthouses a 5 percent increase.
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66 percentShare of visitors from EuropeMaldives RepublicThe largest number of tourists, region wise, were from Europe, making up 66 percent of visitors in Q1 2024.
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175 resortsNumber of tourist resortsMaldives RepublicThe number of tourist resorts in Q1 2024 increased by five; from 170 to 175, over the same period in 2023.
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2 percentIncrease in bed capacityMaldives RepublicBed capacity increased by 2 percent over 2023 while the occupancy rate rose from 71 percent to 75 percent.
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