Maldives sees drop of 50,000 tourists from India

Sep 25, 2024, 7:18 AM
Indian tourists. -- Photo: Adhadhu

Indian tourists. -- Photo: Adhadhu

Maldives has seen a drop of 50,000 tourists from India which was the largest source market in the past two years.

According to Tourism Ministry figures, 146,057 tourists visited from India by September 24 last year. However, the number was at 88,202 by September 24 this year.

This is a decrease of 57,855 tourists.

Number of Indian tourists each year

  • 2018 - 90,474 tourists
  • 2019 - 166,030 tourists
  • 2020 - 62,960 tourists
  • 2021 - 291,787 tourists
  • 2022 - 241,382 tourists
  • 2023 - 208,430 tourists (by December 26)
  • 2024 - 88,202 tourists (by September 24)

The number of Indian tourists began declining after three deputy ministers insulted Indian Prime Minister Narendra Modi on social media.

The ministers were suspended, but Indian activists launched a massive campaign to boycott Maldives tourism.

Since then, the government has been working to mend ties with India. The "Welcome India" campaign was launched to attract more tourists.

Despite the slowdown in the Indian market, the total number of tourists from China and Western European countries increased.

Comments

Read More

Latest News

MSD launches online booking system to streamline services

The Maldives Securities Depository has launched an online booking system to streamline shareholder services and reduce wait times. Clients can now schedule appointments via the MSD website for services like account opening. After a three-month transition, the office will move from accepting walk-ins to an appointment-only model.

MMA opens applications for Research Fund

The Maldives Monetary Authority has opened applications for its MVR 5 million Research Fund for 2026. The grants support independent research and book-writing on topics like economic stability and fintech to aid evidence-based policymaking. Qualified researchers and institutions must submit their proposals via the MMA portal by October 13.

Foreign investors ordered to exit restricted business sectors

The Maldives Economic Ministry has ordered foreign investors to exit restricted sectors, including retail and cargo services, by October 8. Authorities identified eight unreachable companies operating illegally and urged them to comply immediately. Businesses failing to meet the deadline must cease all prohibited operations.

MIB auctions Kudhimagooge with starting bid of MVR 9.6 million

Maldives Islamic Bank has opened a public auction for the 830-square-foot Kudhimagooge property in Malé with a starting bid of MVR 9.65 million. Interested parties must submit a bid security of MVR 100,000 by the September 28 deadline. Subsequent offers must increase by at least MVR 500,000 to be considered.

HDC grants promotions despite directive to cut costs

The Housing Development Corporation has granted high-salaried promotions to nine employees, including a political figure, despite a directive to cut costs. This move defies instructions from the Privatisation and Corporatisation Board to suspend promotions and reduce spending on salaries across state-owned enterprises.

Gawin launches Weekend Sale in Hulhumale’

Gawin has launched a recurring "Weekend Sale" every Thursday and Saturday at its Hulhumale’ showroom. The event offers deep discounts on home essentials like carpets and bedding, with fabrics starting as low as MVR 15. Customers can also find major price cuts on premium showroom products and new Awing brand washing machines.

BML announces 12-story office building in Malé

Bank of Maldives is seeking partners to design, finance, and build a 12-story office complex and a three-story commercial building in Malé. Interested firms must have high-rise experience and secure their own funding, with BML providing payment only upon completion. Expressions of Interest must be submitted by October 6.

Newsletter

Get the latest news delivered straight to your inbox