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Russia: Biggest Contributor to the Success of Maldives’ Tourism Industry since Border Reopening

Russia maldives
Russia is the biggest contributor to the success of the Maldives’ tourism industry since the country reopened its borders last year.

More than a year has passed since the Maldives reopened its borders. Tourists from all over the world have visited the island archipelago. Experts have called the Maldives’ road to recovery the biggest international tourism success story. World Travel Awards honoured the Maldives with the title of the World’s Leading Destination of 2020.

The island nation has earned various accolades and prestige since reopening its borders in July 2020. All of this is possible thanks to the tourists who put faith in the safety measures placed by the government of the Maldives and resorts in the country. Looking through the list of where these tourists come from, one country among the leading markets stands out: Russia.

Tourists have continuously arrived from Russia every month since the Maldives reopened its borders. While India has been credited as the leading source market of 2020 with 62,905 arrivals, Russia was closely tied with 61,388 arrivals; a small difference of 1,517 visitors.

Russia is also currently the Maldives’ leading source market. From 1st January 2021 to 28th July 2021, Maldives recorded 140,824 arrivals from Russia. Comparing this figure to the same period of 2019 (pre-pandemic), tourist arrivals from Russia have grown by a staggering 195.1%. Likewise, compared to the same period of 2020, this is an increase of 385.7%.

Many might argue that the duration tourists spend is a better way to measure the success of these markets. Even still, Russian tourists spent more nights in the Maldives than an average tourist. “On average our Russian guests tend to stay around 12 nights,” Carissa Nimah, the Chief Commercial Officer of Soneva told Nikkei Asia.

Tourist arrivals from Russia will also play a crucial role in the Maldives’ goal to welcome 1.5 million tourists this year. By 28th July 2021, Maldives recorded 600,252 arrivals. Russia takes a share of 23.5% of this figure.

Feature image by InterContinental Maldives Maamunagau Resort

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President Dr. Muizzu Meets Malaysian Business Leaders to Explore Investment Opportunities

Maldives Investment Opportunities Highlighted in Malaysia Meeting

In a strategic move to enhance the Maldives’ economic landscape, President Dr. Mohamed Muizzu recently held a series of high-level meetings with prominent Malaysian business leaders during his official visit to Malaysia. These discussions, aimed at fostering greater bilateral cooperation, focused on key areas such as tourism, healthcare, education, and infrastructure development.

A key engagement was a meeting with Tan Sri Dr. Jeffrey Cheah, Founder and Chairman of the Sunway Group, one of Malaysia’s leading conglomerates. During the talks, they explored potential collaborations in tourism, education, and healthcare, with Dr. Muizzu emphasizing the Maldives’ growing appeal as an investment destination. Furthermore, the Sunway delegation showed strong interest in the Maldives’ robust investment climate, particularly in areas supported by the recently enacted Foreign Investment Act.

Additionally, the President met with Vincent Tan Chee Yioun, the founder of Berjaya Corporation Berhad, where they discussed expanding Berjaya’s footprint in the Maldives, particularly in the tourism sector. Notably, the Maldives’ well-established tourism industry, along with its strategic location, stood out as a key area for future collaboration. Moreover, the talks covered developments in infrastructure, focusing on the nation’s ongoing efforts to strengthen air connectivity and create a more conducive environment for foreign investors.

These interactions, in turn, form part of the Maldives’ broader strategy to attract sustainable investments and open new avenues for economic growth. With a renewed focus on eco-tourism, renewable energy, and digital transformation, the President’s meetings signal the nation’s readiness to welcome global partners.

As President Dr. Muizzu wrapped up his engagements, both the Maldivian and Malaysian business leaders expressed optimism about future collaborations, thus highlighting the Maldives’ potential as a thriving hub for investment in the Indian Ocean region.

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