Tourism sector performance worsens with off-peak season

2 weeks ago

The quarterly business survey conducted by Maldives Monetary Authority (MMA) shows the tourism sector performance had worsened in Q3 compared to Q2 due to the off-peak season in Maldives. Total revenues fell by 67 percent and resort bookings fell by 35 percent in Q3. However, the situation is expected to improve in Q4 with the commencement of the peak season in Maldives.