Maldives has recorded an increase in tourist occupancy rate during the first quarter of the year, central bank, Maldives Monetary Authority (MMA) figures have shown.
MMA’s Quarterly Business Survey (QBS) for the first quarter of 2025 said activity in the tourism sector continued to expand albeit at a slower pace, according to the tourism businesses responding to the survey.
The survey shows that the occupancy rate of the tourism industry increased by eight percent in the first quarter of this year compared to the last quarter of 2024.
Labour market indicators for the tourism sector also continued to expand in terms of employment in the first quarter of 2025 with an eight percent increase, while wages and other labour costs per employee index climbed by four percent during the review quarter.
The QBS report shows that the financial position of the tourism industry also improved in the first quarter. The companies' financial position increased by three percent in the first quarter of this year compared to the same quarter last year.
Overall, the tourism industry has performed remarkably well so far this year, coinciding with the sustained increase in the number of tourist arrivals to the Maldives.
As of 20 May, a total 923,390 tourists had holidayed in the Maldives as opposed to the 854,928 tourists during the same period last year, marking an eight percent increase.