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Travel and Tourism in Maldives to 2020

  • March 2016
  • -
  • Canadean Ltd
  • -
  • 65 pages

Summary
The Maldives' tourism sector is largely dependent on international arrivals. China and European countries, including Germany, the UK, France, and Italy are the key source markets. The country is famous globally for its ultra-luxury resorts and beaches. Over the forecast period (2016-2020), international arrivals are projected to grow at a CAGR of 7.5% and inbound expenditure is expected to expand by 10.94%.

Key Findings
- After recording strong growth of 17% in 2013 and 7% in 2014, inbound trips to the Maldives slowed with an increase of just 2% in 2015. This can be attributed to a decrease in trips from China and Russia due to economic problems in those countries; in 2015, trips from Russia and China fell by 33% and 1% respectively. There was also a decline in trips from France. Almost 75% of the tourists from China and Russia visit the Maldives for the purpose of relaxation, whereas 61% of Indians visit the country for the purpose of honeymoon, according to a 2015 survey by the Ministry of Tourism. Neighbouring country, India, was the fastest-growing source market at a CAGR of 14% during 2011-2015. Inbound, domestic, and outbound trips are projected to grow at CAGRs of 7.5%, 6.1%, and 8%, respectively, over the forecast period (2015-2020)

- Arrivals from France, the seventh largest source market for the Maldives, have been declining in recent years. According to French tour operators, there was a 17% decline in 2015, which can be attributed to rising competition from other destinations such as Sri Lanka, Mauritius, and Bali. Furthermore, following the Charlie Hebdo terror attacks, the French are reluctant to travel to Muslim majority nations. Negative press about the country (such as the emergency declaration in 2015) is also discouraging French tourists from visiting the Maldives

- Occupancy rate in resorts and hotels in the Maldives fell in 2015 due to a decreasing number of international visitors from key source markets including Russia, China, and France. Furthermore, the nationwide emergency declared towards the end of the year resulted in booking cancellations and had a negative impact on occupancy rates. In resorts, occupancy rate decreased from 81.6% in 2014 to 76.2% in 2015, while in hotels it plunged from 42.5% to 38.5%

Synopsis
Canadean's report - Travel and Tourism in Maldives to 2020 - provides detailed information on the country's tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline and hotel industries.

What else does this report offer?

- Historic and forecast tourist volumes covering the entire Maldives Travel and Tourism sector

- Detailed analysis of tourist spending patterns for various categories, such as accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others

- Analysis of trips by purpose and mode of transport, and expenditure across various categories including domestic, inbound, and outbound tourism, with analysis using similar metrics

- Analysis of the airline and hotel industries

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the Maldives' Travel and Tourism sector

- Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

- Direct promotional efforts on the most promising markets by identifying the key source and destination countries

Table Of Contents

Travel and Tourism in Maldives to 2020
Table of Contents
1 Executive Summary
2 Introduction
3 Travel and Tourism Sector in Context
4 Domestic Tourism
4.1 Market summary and key developments
4.2 Domestic trips and domestic expenditure
5 Inbound Tourism
5.1 Market summary and key developments
5.2 Inbound trips and inbound expenditure
5.3 Tourist arrivals from top 10 countries
6 Outbound Tourism
6.1 Market summary and key developments
6.2 Outbound trips and outbound expenditure
6.3 Tourist departures to top 10 countries
7 Airlines
7.1 Market summary and key developments
7.2 Competitive landscape
8 Hotels
8.1 Market summary and key developments
9 Airport Profile
10 Market Data
10.1 Domestic tourism
10.2 Inbound tourism
10.3 Outbound tourism
10.4 Airlines
10.5 Hotels
11 Definitions
12 Methodology
13 About Canadean
14 Disclaimer

List of Figures
Figure 1: Executive Summary
Figure 2: Introduction
Figure 3: Travel and Tourism Sector in Context
Figure 4: Market Summary and Key Developments
Figure 5: Domestic Trips and Domestic Expenditure
Figure 6: Domestic Trips by Purpose of Visit, Overnight Stays and Average Length of Trip
Figure 7: Market Summary and Key Developments
Figure 8: Inbound Trips and Inbound Expenditure, 2010-2020
Figure 9: Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 10: Inbound Trips by Purpose of Travel and Mode of Transport
Figure 11: Market Summary and Key Developments
Figure 12: Outbound Trips and Outbound Expenditure, 2010-2020
Figure 13: Tourist Departures to Top 10 Countries (Thousand), 2010-2020
Figure 14: Outbound Trips by Purpose of Travel and Mode of Transport
Figure 15: Market Summary and Key Developments
Figure 16: Airline Industry Revenues and Seats Sold
Figure 17: Airlines - Seats Available and Sold, Revenues, Load Factor and Revenue per Customer
Figure 18: Passenger Airlines: Company Market Share by Total Number of Passengers Carried (%), 2015
Figure 19: Market Summary and Key Developments
Figure 20: Hotel Industry Revenues, Rooms Available and Revpar
Figure 21: Number of Establishments and Number of Beds Operational by Type of Accommodation
Figure 22: Total Number of Bed Nights and Occupancy Rates by Type of Accommodation
Figure 23: Accommodation Snapshot in Major Atolls of Maldives
Figure 24: Hotels - Room Nights Available and Occupied, Occupancy Rates, Number of Guests by Customer Type
Figure 25: Main Airport
Figure 26: Number of Domestic Trips by Purpose (Thousand), 2011-2020
Figure 27: Domestic Trips - Overnight Stays (Thousand), 2011-2020
Figure 28: Total Domestic Tourism Expenditure by Category (MVR Million), 2011-2020
Figure 29: Average Expenditure per Domestic Tourist by Category (MVR), 2011-2020
Figure 30: International Arrivals by Region (Thousand), 2011-2020
Figure 31: International Arrivals by Purpose of Visit (Thousand), 2011-2020
Figure 32: International Arrivals by Mode of Transport (Thousand), 2011-2020
Figure 33: Inbound Trips - Overnight Stays (Thousand), 2011-2020
Figure 34: Total Inbound Tourism Expenditure by Category (MVR Million), 2011-2020
Figure 35: Average Expenditure per Inbound Tourist by Category (MVR), 2011-2020
Figure 36: International Departures by Region (Thousand), 2011-2020
Figure 37: International Departures by Purpose of Visit (Thousand), 2011-2020
Figure 38: International Departures by Mode of Transport (Thousand), 2011-2020
Figure 39: Outbound Trips - Overnight Stays (Thousand), 2011-2020
Figure 40: Total Outbound Tourism Expenditure by Category (MVR Million), 2011-2020
Figure 41: Average Expenditure per Outbound Tourist by Category (MVR), 2011-2020
Figure 42: Passenger Airlines - Key Performance Indicators, 2011-2020
Figure 43: Hotels - Key Performance Indicators, 2011-2020
Figure 44: Hotels - Total Revenue (MVR Million), 2011-2020
Figure 45: Hotels - Number of Guests by Customer Type, 2011-2020
Figure 46: Travel and Tourism Sector Definitions
Figure 47: Travel and Tourism Sector Definitions
Figure 48: Travel and Tourism Sector Definitions
Figure 49: Travel and Tourism Sector Definitions
Figure 50: Travel and Tourism Sector Definitions
Figure 51: Methodology
Figure 52: Methodology
Figure 53: About Canadean
Figure 54: Disclaimer

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