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Maldives pres bullish on economic recovery, says tourism boom in Q4
Maldives will witness a massive influx of tourists in the last quarter of the year as the novel coronavirus outbreak slows down and the world recovers from its impact, the island nation’s President Ibrahim Mohamed Solih said Wednesday.
President Solih told reporters in capital Male that he was confident the Maldivian economy will enter a recovery phase after the next months, with full recovery expected in six months.
The president pinned his hopes of fast-paced economy recovery on an upbeat outlook for tourism recovery and growth, saying that the Maldives will be able to gradually open its borders to tourist arrivals after the next three months, starting with visitors from Southeast Asia.
“I have been told by tour operators that at least 20,000 booking requests from Germany have been received for later this year. We are also confident that we will be able to begin welcoming tourists from China after the Chinese government begins easing travel restrictions starting next month. I was also informed that 300 Russian tourists enquired about bookings today itself,” he said.
“So, experts say that after this period, in the last quarter of the year and the first quarter of next year, there will be a major tourism boom.”
Maldives on Wednesday announced a blanket suspension of on-arrival visa in a bid to combat the spread of the novel coronavirus.
Even before Wednesday’s announcement, the Maldives had closed its borders to arrivals from some of the worst-hit countries, including mainland China, Italy, Bangladesh, Iran, Spain, the United Kingdom, Malaysia and Sri Lanka. Visitors from three regions of Germany (Bavaria, North Rhine-Westphalia and Baden-Württemberg), two regions of France (Île-de-France and Grand Est) and two regions of South Korea were also banned from entering the country.
All direct flights to and from China, Italy, South Korea and Iran were also cancelled.
Cruise ships and foreign yachts were also banned from docking at any of the country’s ports.
On March 8, Maldives reported its first cases of the novel coronavirus, as two hotel employees tested positive for Covid-19 at a luxury resort in the archipelago. Eleven more cases — all foreigners working or staying resorts and liveaboard vessels — were later identified.
However, eight out of the 13 have made full recoveries, whilst the rest are being treated at designated quarantine facilities.
The Maldives announced a state of public health emergency on March 12, the first such declaration under a recent public health protection law.
The public health emergency declaration has allowed the government to introduce a series of unprecedented restrictive and social distancing measures, including a ban on inter-island travel of tourists, including for excursions and between resort islands.
A nationwide shut down of all guesthouses and city hotels has also been ordered. Spa facilities located on inhabited islands have also been closed.
The Covid-19 outbreak has hit the Maldivian economy hard, as travel restrictions and other preventive measures affect the country’s lucrative tourism industry, which contributes the bulk of the island nation’s state revenue and foreign reserves.
Before the pandemic, the government had been bullish about tourism prospects, targeting two million, high-spending holidaymakers this year after last year’s record 1.7 million.
However, tourist arrivals saw a year-over-year decline of 22.8 per cent in the first 10 days of this month. With arrival numbers falling, several resorts across the Maldives had been closed.
Tourism has been the bedrock of the Maldives’ economic success. The $5 billion-dollar economy grew by 6.7 per cent in 2018 with tourism generating 60 per cent of foreign income.
However, the government is at present projecting a possible 5.6 per cent economic contraction this year — an estimated $446 million hit.
The government has launched an emergency MVR 2.5 billion ($161.84 million) facility and a package of financial measures to shore up the local economy against the coronavirus pandemic.
The MVR 2.5 billion stimulus plan includes MVR 1.55 billion ($100 million) in emergency loans for businesses to meet short-term working capital needs.
The emergency facility is complemented by a package of financial measures, including a six-month moratorium on principal and interest repayments for personal and business loans sanctioned by commercial banks.
Meanwhile, Bank of Maldives (BML) has announced a $2 million short-term financing facility for the tourism industry.
The facility by the country’s largest bank allows operational resorts and guesthouses finance up to $2 million to manage their working capital requirements, with a repayment period of three years.
This festive season, Banyan Tree Vabbinfaru is inviting travellers to return to where the story of the “Original Maldives” began — a sanctuary of barefoot elegance, ocean tranquillity and heartfelt connection.
From 22 December 2025 to 10 January 2026, the island will celebrate its 30-year journey with the theme “A Season to Return” — a tribute to gratitude and renewal, where moments of wellbeing, community and culinary artistry come together.
The festive period at Banyan Tree Vabbinfaru is designed as a time to slow down, restore balance and reconnect with what truly matters. Each day begins with sunrise yoga or meditation by the ocean, followed by regenerative spa rituals at the award-winning Banyan Tree Spa, recognised at the Travel + Leisure Asia Awards 2025.
Programme highlights include the New Year’s Yoga Awakening on the Lagoon Platform, Gratitude Meditation sessions and Herbal Massage Oil Workshops. Each experience reflects Banyan Tree’s holistic approach to wellbeing, harmonising nature, mindfulness and rejuvenation as the new year unfolds.
A celebration of global flavours with local inspiration will be presented across the resort’s three restaurants and two bars.
Each evening will offer a distinctive dining journey that highlights a sense of place. At Saffron, the Thai Degustation Dinner will showcase refined interpretations of Thai cuisine, while at the award-winning Madi Hiyaa, an elegant Omakase and Sake Pairing menu will be served, with each course crafted to tell its own story of flavour and artistry.
At Sangu Garden, themed evenings such as Maldivian Oasis and Fisherman’s Night will pay homage to the island’s vibrant heritage. The Orthodox Night, curated in honour of the Russian New Year, will bring additional warmth to the season with a candlelit dinner under the stars, featuring ocean-fresh delicacies and live music.
The programme will also feature indulgent tasting experiences, including Japanese Lobster and Champagne dinners and Lagoon Wine and Chocolate tastings, curated to inspire curiosity and delight. Hosted at Madi Hiyaa, the overwater restaurant overlooking the Indian Ocean, these evenings will unfold against a backdrop of tranquil lagoon vistas — a celebration of togetherness and the timeless beauty of the Maldives.
Guests interested in culinary creativity will be able to participate in a series of interactive classes. The Saffron Signature Cooking Class, Maldivian Curry Class and Island Barman Japanese Cocktail Workshop will offer opportunities to learn new skills under the guidance of the resort’s culinary team, combining technique with the simple joy of creation.
As the sun sets, the island will transform into a setting for connection and celebration. The festive line-up includes Christmas Eve Sunset Cocktails, a New Year’s Eve Gala Dinner with a Masquerade theme and a beachside countdown, complemented by traditional Bodu Beru performances under the stars. Each moment is designed to reflect Banyan Tree Vabbinfaru’s legacy of hospitality, nurturing a sense of connection, wellbeing and belonging.
In line with the brand ethos “Embracing the Environment, Empowering People”, the festive season will also be anchored in purpose. Guests will have the opportunity to join meaningful activities led by the resort’s pioneering Marine Lab — the first of its kind in the Maldives. Initiatives such as Christmas Coral Micro-Fragmentation Planting, “Save the Reef” snorkelling experiences, local reef clean-ups and educational marine talks will support the island’s long-standing conservation mission and encourage deeper engagement with the ocean environment.
With the theme “A Season to Return”, Banyan Tree Vabbinfaru’s festive programme reflects the spirit of the resort’s 30-year journey — a tribute to the people, culture and heritage that have helped define the Original Maldives for generations.
Travellers choosing to return to Banyan Tree Vabbinfaru for the 2025 festive season will enjoy exclusive benefits, including savings on villa stays for bookings of five nights or more, along with a range of additional privileges designed to inspire joy, balance and renewal.
As the year draws to a close, A Season to Return offers moments of gratitude and gentle anticipation for new beginnings — a celebration of love, romance and the enduring appeal of returning to where it all began.
Holiday Inn Resort Kandooma Maldives is set to host an exclusive winemaker’s dinner on 12 November 2025 at its beachfront restaurant, The Asian Kitchen. The evening will feature special guest and vineyard co-owner Carolyn Martin, who will present a curated selection of vintages from Creation Estate, one of South Africa’s most recognised wineries, located in the Hemel-en-Aarde Ridge.
Guests will be served a four-course menu, with each dish paired with a premium Creation wine to showcase the estate’s elegance and terroir-driven character.
Founded by Jean-Claude and Carolyn Martin, Creation has gained international recognition for its innovative approach, commitment to environmental stewardship and its Chardonnay and Pinot Noir. Since its beginnings in 2002, when virus-free vines were first planted, the estate has gone on to be named among the Top Ten of the World’s Best Vineyards and Number One in Africa, reflecting a philosophy rooted in respect for nature, craftsmanship and ongoing innovation.
Situated against the backdrop of the Babylonstoren Mountain and influenced by cooling ocean breezes from the nearby Atlantic, Creation benefits from ancient soils, diverse flora, favourable temperatures and carefully managed vines, resulting in expressive wines with purity, balance and finesse.
“When you are harvesting quality fruit, guide it gently through the winemaking process so as to preserve the sense of place,” said Creation Cellarmaster, Jean-Claude Martin.
Holiday Inn Resort Kandooma Maldives’ Director of Culinary, Restaurants & Bars, Chef Eddie Ng, has created a refined menu to complement the wines. Guests will begin with a choice of Crispy Oysters paired with Creation Rosé 2024 or Shrimp Ceviche paired with Creation Sauvignon Blanc 2023. The soup course features a Vietnamese favourite, Rolled Salmon with Dill in Clear Soup with pineapple and tomato, served with Creation Viognier 2024.
For the main course, diners may select Lemongrass Chicken Dumplings paired with Creation Chardonnay 2023 or Slow-braised Beef Short Rib paired with Creation Pinot Noir 2023. The dinner concludes with a Chocolate Marquise with Cherry Compote and Hazelnut Praline, matched with Creation Syrah Grenache 2022.
The event is open exclusively to in-house guests of Holiday Inn Resort Kandooma Maldives and is priced at US$119 per person. Guests on all-inclusive packages or dinner-inclusive meal plans at The Asian Kitchen are eligible for a special discounted rate of US$69++ per person. The resort currently has availability on 12 November, with a range of villa options on offer for those wishing to attend this guest-only occasion.
Alila Kothaifaru Maldives will mark the festive season with a programme that combines charitable initiatives with its sustainability commitments. Guests will be invited to donate, run, paddle and plant in support of local community and environmental projects, alongside dining experiences that highlight Maldivian produce.
Under its World of Care commitments, the resort has adopted initiatives to improve the school experience for children at R. Maduvvari School on the neighbouring island and to protect the surrounding marine ecosystem. Participation in the season’s activities will contribute directly to these programmes.
From 25 December 2025 to 7 January 2026, guests may purchase wrapped gifts from a Christmas Charity Surprise Tree, with all proceeds directed to the resort’s charitable causes.
On 27 December 2025, Euro Divers will lead a coral-planting session within the house reef. The activity forms part of an ongoing conservation effort to strengthen reef resilience by increasing coral diversity through the careful planting of hardy coral fragments.
Seasalt restaurant will host a “Boat to Table” beachfront barbecue on 28 December 2025 and 4 January 2026. The buffet will feature seafood such as giant tuna sashimi, ceviche and grilled fish prepared from the day’s catch supplied by local fishermen, reflecting the resort’s focus on local sourcing and support for the Raa Atoll community.
A Charity Kayak Race will take place on 30 December 2025 and 5 January 2026. Entry will be by voluntary donation, with funds supporting enhancements at the R. Maduvvari pre-school.
On 2 January 2026, the programme will conclude with a Charity Island Fun Run around the island. Branded t-shirts will be available for purchase, with proceeds benefiting the resort’s community initiatives.
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