China returning to first place as top tourist market

Jul 23, 2023, 9:52 AM
First batch of Chinese tourists in three years. -- Photo: Tourism Ministry

First batch of Chinese tourists in three years. -- Photo: Tourism Ministry

China has edged closer to its former place as the top source market for tourists to the Maldives before Covid-19, six months after Chinese tourists started returning.

A large number of Chinese tourists started visiting the Maldives as China reopened its borders after three years on January 8 this year.

Two weeks after borders reopened, China was among the top 10 markets for tourists to the Maldives.

China was the ninth largest market with 2239 tourists, according to statistics released by the tourism ministry on January 22.

The number of tourists from China increased day by day and reached nearly 100,000 over the past six months.

According to the 'Maldives Tourism Update' released by the tourism ministry on Friday, 80,769 Chinese tourists visited by July 19, representing a 7.9 percent market share.

From the ninth spot in January, China is now ranked as the fourth largest market.

Russia remains the top source market for tourists, according to the tourism ministry's statistics. Some 119,405 Russian tourists have visited the Maldives, representing 11.7 percent of all tourist arrivals.

Neighbouring India was in second place with 118,638 tourists. The United Kingdom was the third largest market with 85,884 tourists.

A total of 1,016,719 tourists visited the Maldives by July 19.

China is likely to regain its place as the top tourist market for the Maldives if the number of Chinese tourists increases at the current rate.

Before the pandemic, China was the top market in 2017 and 2018 as well. More than 280,000 Chinese tourists arrived in 2019.

But the figure dropped by 87 percent due to covid in 2020. Only about 35,000 Chinese tourists visited the Maldives during the year.

There are 1,253 tourist establishments in operation across the Maldives, including 171 resorts, 908 guesthouses, 161 safari vessels and 13 hotels. The combined bed capacity is 61,116.

Comments

Read More

Latest News

Maldivian bolsters luxury tourism with new King Air 360 aircraft

Maldivian has acquired a luxury King Air 360 aircraft to provide high-end transport for resort guests. Launched in partnership with Nilaa Coral Island, the eight-seat plane features a pressurized cabin and night-flight capabilities. While primarily serving the new resort, the aircraft is also available for private charters nationwide.

Government workforce increased by 6500 in three years

The government workforce grew by 6,530 employees over the last three years, reaching a total of 55,466. This rapid recruitment has driven the national wage bill to a projected MVR 14.4 billion for next year. The current administration's hiring rate significantly outpaces the previous three-year period.

Government to provide guarantee for BML sukuk

The Maldives government will provide a sovereign guarantee for BML’s $300 million sukuk to fund northern resort development. This move raises the state's guaranteed debt target to 15% of GDP. The initiative aims to boost tourism, expand the banking sector, and address dollar liquidity challenges without funding the state budget.

MVR 12.6 billion spent on SOEs over three years

The state injected MVR 12.6 billion into State-Owned Enterprises over three years, exceeding initial budgets by MVR 7.1 billion. While spending peaked last year at MVR 6.2 billion, the Finance Ministry projects a decrease to MVR 1.98 billion next year. Efforts are underway to streamline operations and reduce these consistent overruns.

Dhiraagu opens EliteClub+ loyalty program to all customers

Dhiraagu has expanded its EliteClub+ loyalty program to all mobile customers, offering tiered rewards and discounts at over 100 outlets. Users can earn points through bill payments and recharges to unlock benefits like free data and gift cards. New members receive a 100-point welcome bonus by signing up via the Dhiraagu App.

Maldives fisheries could plummet by 75 percent

A new study warns that climate change could reduce Maldivian fish stocks by 75% by 2100 as rising temperatures drive fish to cooler waters. Local fishermen already report traveling much further offshore to find catches. Experts caution against switching to industrial netting, as it could further deplete stocks and damage the nation's reputation.

Budget 2027: Domestic debt projected to surpass MVR 100 billion

The Maldives' domestic debt is projected to exceed MVR 100 billion by the end of this year, driven by heavy reliance on the domestic market for financing. Government estimates show debt rising to MVR 108.1 billion by late 2025. This year marks the highest borrowing period for the current administration to meet its fiscal needs.

Newsletter

Get the latest news delivered straight to your inbox