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      • Maldivian economy continued to expand in Q1 2023 by 5.5 percent year-on-year, surpassing pre-pandemic levels. This growth is expected to reduce poverty rates below 2019 levels. Tourist arrivals also increased, reaching 1.2 million by August 2023 and projected to be 1.9 million in 2023, a 13.8 percent increase compared to 2022. › en › country
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  2. Level of tourism development. Tourism in the Maldives has started in 1972 with only two hotels, now – there are more than 100 operational resorts. The unique condition of Maldives is that one island is one resort, meaning that one hotel occupies the whole island. By doing so, resorts provide more privacy and more luxury for their visitors.

  3. Apr 25, 2022 · FEATURE STORY April 25, 2022. Maldives Development Update: Rising Uncertainty Following the Strong Tourism-Led Recovery. STORY HIGHLIGHTS. Driven by a rebound in tourism, Maldives’ economy recovered sharply in 2021 and is expected to return to pre-pandemic levels by 2023.

  4. DEVELOPMENT OF TOURISM IN MALDIVES. Suresh Kumar Kundur. Published 2012. Business, Economics, Sociology. Tourism is the largest sector of the economy in the Maldives, as it plays an important role in earning foreign exchange revenues and generating employment in the tertiary sector of the country.

  5. Dec 31, 1989 · Tourism and the Development of the Maldives. December 1989. Annals of Tourism Research 16 (2):254–269. DOI: 10.1016/0160-7383 (89)90071-6. Authors: Rajasundram Sathiendrakumar. Clement...

  6. TOURISM DEVELOPMENT Tourists first started coming to the Maldives in significant numbers in 1972 when the first resort, with a 280-bed capacity, was established. In the years since, five phases can be identified in the development of the Maldivian tourism industry (MTCA, 2008a). The first phase is considered to be from 1972 to 1978, when ...

  7. Oct 4, 2023 · MMA’s asset exposure to government further rose to 52 percent of its total financial assets at mid-2023, from 47.3 percent in 2022. Outlook, Risks, and Challenges. The economy is projected to grow by 5.6 percent on average in the medium-term, supported by robust tourism performance.

  8. Oct 3, 2023 · The economy has maintained its strong growth momentum, with the expansion in tourism, and poverty is expected to fall further in 2023. The number of tourist arrivals grew by 14 percent (y-o-y) to 1.25 million by early September 2023, reaching a historic high compared to similar periods in other years (Figure ES.1).

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