Maldives Monetary Authority (MMA) reports shows a large number of guesthouses newly operating in first quarter of 2018.
Along with the 56 newly operating guesthouses, 129 resorts are in operation. With the additional 3,849 beds, total bed capacity stands at 40,893 beds, which is a 10% increase compared to the end of first quarter last year.
With the additional bed capacity, average occupancy rate rose from 70% of first quarter of 2017 to 75% at the end of the first quarter
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