Business
Hospitality investors, leaders to gather in Maldives for first tourism investment briefing
Global event organiser Bench Events has announced the launch of the inaugural Maldives Hotel and Tourism Investment Briefing in November, providing a platform for global investors to easily explore investment opportunities in the Maldives tourism industry.
The briefing to be held on November 30 in capital Male will follow on from the Asia Hotel and Tourism Investment Conference (AHTIC), which is scheduled to take place in Sri Lankan capital Colombo from November 28-29.
AHTIC is a top-level gathering of international investors, business leaders, government ministers and officials. It is anticipated that investors and other delegates will travel from Colombo to Male for a one-day briefing, with project showcases and a networking reception followed by a day of FAM trips to various islands around the region to show potential investors and partners the projects available for collaborations. These will include a range of both public and private investment opportunities.
The briefing is organised by Bench Events in partnership with ultra-luxury tourism promotion and event management company Luxury Collections, and will be hosted by the Maldives tourism ministry under the patronage of the minister Moosa Zameer.
Luxury Collections CEO and Founder Adeel Ahmed said: “We are thrilled to announce the Maldives Tourism and Hotel Investment Briefing. This event will attract some of the world’s premier investors and is co-directed by a leading international consultant who has organised multiple similar events around the globe. This event has incredible potential for tourism investment, and the Maldives is bursting with opportunities, with a tourism-based economy and a strong brand identity which has stood the test of time.”
In 2016, the Maldives hospitality and tourism industry recorded an annual average tourist arrival growth rate of 4.2 percent. According to the UNWTO World Tourism Barometer, the global annual average tourist arrival growth rate for the year was 3.9 percent year-on-year, which is slightly lower than the rate for the Maldives.
To cater for this increase in demand, the country continues to invest in the support infrastructure and connectivity. The main airport is currently under expansion and is expected to be completed by 2018. Several new airlines have recently commenced flights to the Maldives including Saudi Airlines, with European airlines such as Air France and Alitalia set to begin operations to the Maldives later this year.
The Maldives is an attractive destination for the discerning investor and one of South Asia’s most attractive centres for Foreign Direct Investment. Lying in the heart of the Indian Ocean, at the strategic cross roads of the East and the West, the Maldives benefits from a stable and transparent legal system, relative political stability and stable economic growth. With a rate of growth that has averaged 7.5 percent over the past 15 years, the country continues to develop at a steady pace and remains economically resilient.
The recently introduced Special Economic Zones framework provides economic incentives and introduces a flexible regulatory environment for foreign investments. With the right to incorporate businesses with 100 percent foreign ownership and no restrictions on repatriation of profits, the Maldives promotes a liberal trade environment and offers excellent ROI, which are amongst the highest globally (five to eight years on average).
Over the past three years, dozens of uninhabited islands have also been leased to local and foreign resort developers. Several international brands have entered into the market, increasing the number of resorts to 120. That number is set to increase as the government has announced the opening of some 20 new resorts by the end of this year.
Business
Barcelo Nasandhura Malé to open in Q1 2025
Barcelo Nasandhura Malé, the Maldives’ newest luxury destination, is set to open its doors in Q1 2025.
Located on the site of the former Nasandhura Palace Hotel, the property will become the largest hotel in the capital, Malé. With 136 elegantly designed rooms, including 95 with stunning ocean views, and 116 luxurious serviced apartments, Barcelo Nasandhura Malé promises a unique blend of sophistication, comfort, and convenience in the heart of this vibrant city.
Operated by the renowned Spanish hotel chain Barcelo Group, the hotel represents a significant expansion of the brand’s presence in the Maldives and beyond. Barcelo Group, known for its exceptional resorts, recently opened Barcelo Whale Lagoon Maldives in South Ari Atoll in August 2024, further solidifying its growing portfolio in the region. In addition to its Maldivian properties, Barcelo Group manages a range of high-profile hotels across the UAE, Thailand, and several European countries.
Barcelo Nasandhura Malé will feature an array of premium facilities, including four upscale dining outlets, a rooftop shisha bar, an oceanfront pool, a state-of-the-art gym, and a luxurious spa. The hotel will also boast 1,034 square meters of versatile MICE (Meetings, Incentives, Conferences, and Exhibitions) space, making it an ideal venue for corporate events and gatherings.
While some serviced apartments were initially intended for residential use, they will now be available for daily rental, offering guests enhanced flexibility and a wider range of accommodation options. Originally scheduled to open on December 1, 2024, the opening has been slightly delayed due to minor construction work. However, the team remains committed to ensuring Barcelo Nasandhura Malé is ready to welcome its first guests in Q1 2025.
Barcelo Hotel Group, awarded World’s Leading Hotel Management Company 2023 by the World Travel Awards, is the second-largest hotel chain in Spain and ranks among the 30 largest globally in terms of the number of rooms. Founded in 1931, this family-run organisation operates 280 four- and five-star city and holiday hotels, offering more than 62,000 rooms across 25 countries. The group markets its hotels under four distinct brands, each focused on providing diverse and memorable travel experiences.
Renowned for its commitment to excellence and sustainability, Barcelo Hotel Group delivers exceptional stays, seamlessly blending luxury, comfort, and environmental responsibility.
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Denise Hoefer brings world-class Padel to The Nautilus Maldives
As part of its ‘Masters for Masters’ series, The Nautilus Maldives will host Denise Hoefer, Germany’s No. 1 padel player and one of the world’s top 50 most influential figures in the padel industry, for an exclusive Padel Masterclass from March 22 to 25, 2025. This exceptional event invites guests to enhance their padel skills under the expert guidance of a global champion, all set against the stunning backdrop of the Maldives’ Indian Ocean.
Padel, recognised as the world’s fastest-growing sport, has captured the hearts of 30 million enthusiasts globally, according to the International Padel Federation. This March, The Nautilus will provide a unique opportunity for guests to immerse themselves in this thrilling game during a four-day Padel Masterclass led by Denise Hoefer, Germany’s top-ranked female padel player and captain of the German national team. Participants will refine their techniques on The Nautilus’s state-of-the-art padel court, while experiencing the island’s signature blend of world-class coaching and timeless, unscripted hospitality.
The Padel Masterclass will feature a tailored mix of group and private sessions, catering to players of all levels. Younger participants will have the chance to join the Young Wonderers program, offering specially designed classes that introduce the sport in a fun and engaging way. After an energising day on the court, guests can unwind at Solasta Spa, where exclusive treatments by Maison Caulières—such as Spinal Connection Deep Tissue Healing, Volcanic Stone Therapy, and Warm Poultices—promise ultimate relaxation and rejuvenation. These tranquil spa experiences provide a perfect complement to the day’s dynamic activities, leaving participants refreshed and revitalised.
With just 26 ultra-luxury houses and residences, The Nautilus offers an intimate sanctuary within the Baa Atoll, a UNESCO Biosphere Reserve. Surrounded by powder-soft white sands, vibrant coral reefs, and crystal-clear waters, this private island retreat redefines bespoke hospitality. Every element is meticulously crafted to inspire, offering guests an unparalleled ultra-luxury experience focused on relaxation, renewal, and discovery. Whether honing padel skills or embracing the serenity of island life, The Nautilus stands as the ultimate destination for discerning travellers.
Business
BBM, Lifebuoy empowers hygiene practices among Maldivian children
BBM, in collaboration with Lifebuoy, marked Global Handwashing Day 2024 with engaging activities aimed at instilling the habit of proper hand hygiene among Maldivian school children. Held on November 17th, the event continued the successful “H for Handwashing” campaign, blending education with creativity and fun.
The initiative featured info sessions, exciting games, and creative contests designed to teach children the importance of handwashing while giving them a hands-on understanding of the correct techniques. Activities ranged from reimagined board games like “Germs & Ladders” and “Handwashing Ludo” to interactive sessions that reinforced hygiene habits in an enjoyable way.
This campaign underscores BBM’s commitment to fostering healthier practices among the younger generation, contributing to a healthier and more hygienic Maldives. COO of BBM, A.V.S. Subrahmanyam, emphasised, “At BBM, we believe that empowering the next generation with the knowledge and tools for better hygiene practices is vital for building a resilient and healthy community. We are proud to continue our efforts in collaboration with partners like Lifebuoy.”
Adding to this, Muksith Hussain, Head of Retail Sales at BBM, shared, “Reaching children through such innovative initiatives helps us lay the foundation for a healthier tomorrow. We are thrilled to see the enthusiasm and participation of these young minds in learning the importance of hygiene.”
The event also saw valuable support from the Maldivian Red Crescent (MRC), whose contributions enriched the experience for the children. BBM expressed gratitude for MRC’s involvement, as their efforts played a key role in making the event impactful and memorable.
Through campaigns like this, BBM aims to nurture a lifelong habit of handwashing, creating a brighter and healthier future for the Maldives.
Let’s keep the spirit alive—join the Handwashing Revolution with BBM and Lifebuoy!
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