According to a recent report from CBRE, the Maldivian tourism industry is becoming an increasingly attractive prospect for investors. The report highlights the country’s strong post-pandemic recovery and growing tourism sector as key factors driving investor interest.
CBRE recommends that investors seize the opportunity to capitalize on the high returns and growth potential in the Maldives’ tourism industry. The report notes that despite a decline in tourist arrivals due to the pandemic, the Maldives has seen a significant increase in visits in recent years. While the country recorded 1.7 million tourist visits in 2019, the number dropped to 600,000 in 2020 before bouncing back to 1.6 million in 2022.
CBRE also points out that the Maldives boasts a high number of repeat visitors, indicating a high level of satisfaction. Additionally, the country has recovered much faster than Bali, another popular resort destination in the region.
Finally, the report highlights the Maldives government’s emphasis on sustainable tourism and environmentally friendly development, with initiatives to protect the marine environment, reduce plastic waste, and develop renewable energy sources. CBRE believes that investors will be encouraged by these efforts and the potential for environmentally responsible tourism in the Maldives.