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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%.

Tracked Approximately 604,000 Tourist arrivals

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Sources 1carried it 1 of 19 news outlets we monitor
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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.

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Figures in these reports

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  • Approximately 604,000 Tourist arrivals in Q1 Maldives Republic Approximately 604,000 tourists arrived in Q1; marking a 15% increase compared to Q1 2023, and a 25% increase compared to Q1 2019.

    Word for word from the report in Maldives Republic. Open the report

    Earlier reports gave 79,507 tourists 17 May, 14:32 Maldives Republic194,227 tourists 14 May, 19:55 Maldives Republic

  • 15% Increase in tourist arrivals versus Q1 2023 Maldives Republic Approximately 604,000 tourists arrived in Q1; marking a 15% increase compared to Q1 2023, and a 25% increase compared to Q1 2019.

    Word for word from the report in Maldives Republic. Open the report

  • 25% Increase in tourist arrivals versus Q1 2019 Maldives Republic Approximately 604,000 tourists arrived in Q1; marking a 15% increase compared to Q1 2023, and a 25% increase compared to Q1 2019.

    Word for word from the report in Maldives Republic. Open the report

  • 10,214 arrivals Single-day tourist arrivals Maldives Republic On 10 February alone, the Maldives recorded 10,214 arrivals, the highest single day tourist arrivals since the Covid lockdown in 2019, the Bulletin noted.

    Word for word from the report in Maldives Republic. Open the report

    Earlier reports gave 10,213 visitors 12 Feb, 15:10 Maldives Republic

  • 9 percent Increase in bed-nights overall Maldives Republic Bed-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

  • 7 percent Increase in resort bed-nights Maldives Republic Bed-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 percent Increase in guesthouse bed-nights Maldives Republic Bed-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

  • 66 percent Share of visitors from Europe Maldives Republic The largest number of tourists, region wise, were from Europe, making up 66 percent of visitors in Q1 2024.

    Word for word from the report in Maldives Republic. Open the report

  • 175 resorts Number of tourist resorts Maldives Republic The number of tourist resorts in Q1 2024 increased by five; from 170 to 175, over the same period in 2023.

    Word for word from the report in Maldives Republic. Open the report

  • 2 percent Increase in bed capacity Maldives Republic Bed capacity increased by 2 percent over 2023 while the occupancy rate rose from 71 percent to 75 percent.

    Word for word from the report in Maldives Republic. Open the report

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