Search
Close this search box.

World Bank Projects Maldives’ GDP to Grow by 17.1% Thanks to Tourism

Maldives kayaking
According to a new report, the World Bank projects Maldives’ GDP to grow by 17.1% in 2021 and 11.5% in 2022 thanks to tourism.

The World Bank projects Maldives’ GDP to grow by 17.1% in 2021 and 11.5% in 2022 thanks to tourism. According to a report by the World Bank, the Maldives’ strong repute among high-income and high-profile travellers aided the country chart a steady recovery.

In the Maldives’ medium-term outlook, World Bank says International media coverage of the tropical holiday destination reopening to tourism and successful marketing campaigns boosted the Maldives’ global image. Hence, the country attracted travellers from new markets such as Eastern Europe and Central Asia.

Additionally, the ongoing rollout of COVID-19 vaccines in the country further increases travellers’ confidence in the Maldives as a safe destination according to World Bank. Because of these reasons, demand for travel to the Maldives likely will remain high over the medium term.

Despite the positive outlook, World Bank states that Maldives’ recovery from the pandemic also depends on the uncertain recovery of global tourism and aviation industries. As the industry suffered immeasurable losses in 2020, tourism and aviation aren’t predicted to recover to the pre-pandemic levels until 2023 (or beyond).

Also read: Average Duration of Tourists’ Stay in the Maldives Increases

Currently, the World Bank projects that the Maldives will only reach its pre-pandemic levels of tourism and output in 2023.

Maldives is on track to receive an estimated one million tourists in 2021, about 60 percent of the 2019 record of 1.7 million tourists. This is a much more conservative estimate than the government’s current target of 1.5 million tourists.

The World Bank report stated.

However, if global travel restrictions were to be lifted sooner from major markets such as China, United Kingdom, and Italy, World Bank calculates the Maldives’ GDP could pick up strong in 2021.

According to the statistics, Maldives recorded 385,838 tourist arrivals by 29th April 2021. Furthermore, tourists spent an average of 9 days in the tropical holiday destination. Moreover, daily tourists arrivals continue to average above 3000.

Feature image by Kanuhura Maldives
Ad - immaldives.com

Latest

Experience the Thrill of Summer with the Family Fun Summer Package at Sheraton Maldives!

Summer is almost here and Sheraton Maldives Full Moon Resort & Spa is inviting families to experience the breathtaking paradise of the Maldives. Travellers can now explore the thrill of summer and more at Sheraton Maldives with the ‘Family Fun Summer’ Package. If you were thinking about booking a family trip this one is perfect for you. With this amazing package children under 12 dine and stay for free! Families can also immerse themselves in a host of specially curated experiences. This includes educational kids club programs, coral propagation activities, as well as culinary and wellness journeys, all-embracing sustainable travel and catering to eco-conscious travellers.

Families planning a tropical getaway this summer can look forward to exciting adventures at Sheraton Maldives Full Moon Resort & Spa. The five-star resort welcomes families to explore the natural splendour of North Male Atoll on the private island of Furanafushi. Guests can choose from a range of premium villas and overwater bungalows that feature breathtaking views of the lush gardens, pristine white-sand beaches, shimmering blue lagoon, or the Indian Ocean.

Explore the Signature Side by Side Family Program this Summer

Guests can delve into the resort’s signature ‘Side by Side’ Family Program, designed to create memorable moments that bring families together. From cooking classes, mom and daughter face mask making, and Maldivian palm weaving to engaging fun games, ‘Side By Side’ promises cherished memories for families. The resort boasts seven restaurants and bars, each offering a variety of delectable menus sourced with fresh organic produce from Chef Garden and Furana Organic Garden, perfect for families.

A Touch of Sustainability with the Adopt a Coral Activity!

Guests are also invited to participate in the ‘Adopt A Coral’ – coral planting activity led by the resident Marine Biologist and learn about coral propagation to help grow new colonies in the resort’s lagoon. This program, part of Good Travel with Marriott Bonvoy, allows guests to create meaningful travel experiences. Families can enjoy a guided snorkelling tour or join a dolphin cruise on a traditional Maldivian Cruise Dhoni.

Enjoy More with the Family Fun Summer Package

With the ‘Family Fun Summer’ package, guests can savour daily breakfasts and buffet dinners. This includes Feast Restaurant or you can enjoy three-course à la carte meals at select restaurants. Kids will receive a special welcome amenity, and children under 12 can stay and dine for free. Additionally, complimentary access to the Kid’s Club is provided for children ages 4 to 12. The resort is conveniently accessible by a complimentary 15-minute speedboat ride, ensuring a stress-free journey for families.

Guests can reserve their extraordinary summer retreat before May 31, 2024. This is valid for stays until September 30, 2024. With this, guests can enjoy other benefits such as daily breakfasts and dinners, and complimentary access to the gym and kids’ club. Moreover, guests can also enjoy non-motorized water sports activities. For more information, visit the website at www.sheratonmaldives.com or book the Family Fun Summer package here. Marriott Bonvoy members can seamlessly earn and redeem their points on stays and experiences at the resorts. 

Ad - immaldives.com
No more posts to show