Maldives resort revenue slumps despite tourist arrival numbers

Revenue from Maldivian resorts fell by $529 million (MVR 8 billion) last year, according to a report by the Maldives Association of Tourism Industry (MATI). Total resort revenue for 2023 reached $3.9 billion (MVR 60 billion), down from $4.4 billion (MVR 68 billion) in 2022. This decline in resort revenue contributed to a $406 million […]

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