Tourism recovery pace slows down during second quarter of 2021

TGST collection saw improvement in light of modest increment in tourism field in comparison with 2020

Maldives Monetary Authority (MMA) confirms on the slow-down of the country’s tourism sector recovery pace during the second quarter of 2021.

Furthermore, the central bank of Maldives has claims that this slow down is reflective from the end of tourism peak season and the sudden spike of Covid-19 positive cases in the country as well as in the South Asian region.

In April 2021, reports have confirmed of multiple cases of Covid-19 positive cases in the Maldives with widespread infection resulting in a travel ban on visitors originating from South Asian countries that became effective on May 2021.

Moreover, this travel ban lead towards a steep decline in the tourist arrivals from India to the Maldives while the former country has contributed in strong numbers of holidaymakers visiting the island nation; and maintained its position as top source market in 2020 while it continues to remain as a major source market in 2021 as well.

In addition to this, the existing threats of the Covid-19 Delta variant as well as international travel restrictions have placed tourist arrivals to Maldives below pre-pandemic levels.

Meanwhile, the United Nations World Tourism Organization (UNWTO) reports on an a decline by 85% in international tourist arrivals from January until May 2021 in comparison with the corresponding period in 2019 and drop of 65% when compared with the same period in 2020.

However, tourist arrivals have observed gradual increment that was mildly evident during May 2021 in comparison with the same month in 2019.