Tourism occupancy hits 75% in Q1 2018

The tourism occupancy rate in Maldives for the first three months in 2018 has reached 75% according Maldives Monetary Authority (MMA).

According to Maldives central bank's quarterly business survey the tourism industry's occupancy rate hiked to 75% in first quarter of 2018 from 70% of last year over the increased average guest night stay.

The tourism industry capacity increase is also attributed to the occupancy bump in 2018.

One of the prime assessment factors in understanding tourism industry performance includes guest visits to the island nation. The tourist visit rate increased by 17% in first quarter of 2018 compared to the same quarter of last year.

Similarly in the first quarter of 2018 the average night-stay of tourists increased by 18 percent.

Maldives tourism industry in estimation garnered USD993.5 million in 2018 first quarter marking a 20% jump from the same period of 2017.

European traveler rate in future may slide due to their respective economies hitting slight pauses this year, according to central bank's projection.

The comparative increase in Maldives tourism industry is attributed to the healthy economical status enjoyed by most European countries so far in 2018; which also are considered as the prime tourist markets to Maldives.