Maldives Sees 11.2% Increase in Tourist Arrivals in Early 2024

Photo: Conrad Maldives

The Maldives continues to solidify its position as a premier tourist destination, as evidenced by the latest statistics from the Ministry of Tourism. Tourist arrivals for the first five months of 2024 show a robust increase, highlighting the nation’s ongoing appeal to international travellers.

According to the Ministry’s daily update on 20 May 2024, a total of 850,971 tourists visited the Maldives from 1 January to 19 May 2024. This marks an 11.2% increase compared to the same period in 2023, which saw 765,134 arrivals.

Monthly Growth in Tourist Arrivals

- Advertisement -

The data reveals significant growth across the first four months of 2024. January recorded 192,385 arrivals, an 11.5% increase from January 2023. February saw an even more substantial rise with 217,392 arrivals, a 22.2% increase from the previous year. March continued this positive trend with 194,227 arrivals, an 11.9% rise. April also saw an increase, albeit more modest, with 168,366 arrivals, a 2.4% growth compared to April 2023. For May, up to the 19th, arrivals reached 78,601, showing a 2.3% increase over the same period last year.

Key Source Markets

China remains a significant source market for the Maldives, contributing 95,263 tourists, making up 11.2% of the total arrivals. Russia follows closely with 85,873 arrivals (10.1%), and the United Kingdom ranks third with 80,962 tourists (9.5%). Other notable markets include Italy with 73,709 arrivals (8.7%), Germany with 67,766 (8.0%), and India leading with 48,940 tourists (5.8%).

Accommodation and Bed Capacity

As of 19 May 2024, the Maldives boasts a total operational bed capacity of 62,501 across various types of accommodations. This includes 44,178 beds in 181 resorts, 2,016 beds in 15 hotels, 14,381 beds in 854 guesthouses, and 2,886 beds in 148 safari vessels. The distribution of bed capacity highlights the diverse accommodation options available to tourists, catering to different preferences and budgets.

Economic Implications

The growth in tourist arrivals is a positive indicator for the Maldivian economy, which heavily relies on tourism. The recent report by the International Monetary Fund (IMF) emphasises the importance of developing additional revenue streams for the Maldives to enhance economic stability. The tourism sector’s performance thus far in 2024 underscores its critical role in supporting the national economy.

Future Prospects

With the ongoing efforts to promote the Maldives as a top tourist destination and the strategic partnerships being formed to enhance the tourism experience, the outlook for the remainder of 2024 appears promising. The sustained increase in tourist arrivals is expected to contribute significantly to the country’s economic growth, supporting various sectors and creating employment opportunities.

The Maldives continues to attract travellers from around the world with its stunning natural beauty, luxurious accommodations, and exceptional hospitality. As the nation navigates the post-pandemic recovery, the tourism sector’s robust performance will be pivotal in driving economic resilience and sustainable development.

- Advertisement -