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Income Received From Tourism Sector Falls by 100%

by Hushma Shakir
August 1, 2019
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Income Received From Tourism Sector Falls by 100%

The total income tourism industry received in the second quarter of 2019 fell by 100%.

According to the business survey report released by Maldives Monetary Authority (MMA), resort booking has fallen by 82% in the second quarter as it coincides with the off-season.

The statistics are expected to gradually fall will through the third quarter. However, the numbers most likely to rise once the tourist seasons begins in October.

Furthermore, the report noted that the low employment rate and the lack of competitiveness in the tourism sector as an issue of concern.

 

 

 

 

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