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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.
Drink
Golden hour bliss with Zoe London and Giorgio Chiarello at Dhigali Maldives

This November, Dhigali Maldives will transform its iconic Haali Bar into a lively stage for music and mixology, as British DJ Zoe London and Italian Flair Bartending Champion Giorgio Chiarello join forces for an unforgettable sunset residency from 11 to 15 November 2025.
Each evening, Zoe London will take to the decks, delivering her distinctive mix of house, classic remixes, and uplifting energy to the shores of the Raa Atoll. With more than 15 years’ experience performing at venues such as Soho House and The Ned, as well as at prestigious events including the Formula 1 Paddock Club and festivals like Glastonbury, Reading & Leeds, and Latitude, Zoe’s sets promise the perfect soundtrack to golden hour in paradise.
As the sun slips beneath the horizon, guests will be treated to masterfully crafted cocktails from Giorgio Chiarello, Italy’s most decorated Flair Bartender. Renowned for his captivating performances and expertise in American-style mixology, Giorgio will present a bespoke menu featuring three classic cocktails alongside three of his own original creations, each prepared with precision and flair at Haali Bar.
Nestled in the heart of the remote Raa Atoll, Dhigali Maldives is an exclusive Premium All-Inclusive resort that seamlessly blends contemporary minimalist design with the island’s natural beauty. From overwater villas and beachfront suites to snorkelling adventures, fine dining, and rejuvenating spa rituals, the resort offers an immersive and refined escape. With its vibrant house reef just steps away, every element is designed for effortless relaxation and indulgence.
Together, Zoe London and Giorgio Chiarello will infuse the island’s evenings with rhythm, flavour, and artistry, creating an immersive fusion of music and mixology framed by the serene backdrop of the Indian Ocean.
Featured
Huvafen Fushi introduces soulful stays for rest, reconnection and renewal

Huvafen Fushi has unveiled a soul-stirring escape created for women who appreciate the power of pause. Whether bringing together a close circle of friends or seeking cherished solitude, this retreat has been designed to smooth the edges and awaken the spirit. Behind closed doors lies the quiet seclusion of Huvafen’s renowned two- and three-bedroom Pavilions, where privacy is paramount, barefoot elegance is assured, and time moves to a rhythm entirely one’s own.
There is little need to leave – unless by choice. Mornings may begin with floating breakfasts on the deck, sunrise yoga by the sea, or tranquil hours drifting in a private pool. With personal butlers, customised mini bars, private coral garden snorkelling, and candlelit feasts, every detail encourages guests to soften, settle, and reconnect with themselves.
Accommodation options include:
- Two Bedroom Ocean Pavilion with Pool – Overwater and sunset-facing, this private retreat sleeps up to six and features a unique indoor–outdoor pool that opens directly into the sea, ideal for dusk dips and long, starlit evenings.
- Two Bedroom Lagoon Pavilion with Pool – Bathed in morning light, this sunrise-facing pavilion offers an uninterrupted view of the lagoon. With space for six, a vast sundeck, and serene water vistas, it invites both connection and clarity.
- Three Bedroom Beach Pavilion with Pool – Positioned directly on the beach and facing the sunset, this expansive hideaway sleeps up to nine. Ocean views, a private pool, and generous indoor and outdoor living areas make it ideal for multigenerational escapes or milestone celebrations.
- Two Bedroom Beach House with Pool – A private sanctuary on the sand, this beach house accommodates up to six. Guests can unwind in their own pool, take in panoramic views of the Indian Ocean, and embrace a slower pace of life.
This is a stay for long conversations and easy silences, for secrets shared over cocktails, for saltwater swims that soothe, for laughter, solo sunrises, and the rare luxury of simply being oneself. Whether with friends, family, or alone, it is not merely a getaway – it is a return to one’s own tide.
Featured
Anantara Kihavah Maldives Villas unveils magical holiday celebrations

This festive season, Anantara Kihavah Maldives Villas will offer guests a journey of connection, wonder and celebration, inspired by the four natural elements: earth, water, fire and air. A series of thoughtfully curated experiences will capture the spirit of the season and the beauty of the island, creating a magical escape for both couples and families.
Christmas celebrations will begin with the lighting of the island tree and Santa’s arrival in true Kihavah style. On Christmas Eve and Christmas Day, guests will enjoy beachfront feasts, sunset cocktails and joyful family gatherings.
Younger guests will be treated to a host of festive activities, from gingerbread house decorating to a children’s pirate cruise exploring local islands, as well as a friendly wall-climbing challenge.
As the year draws to a close, New Year’s Eve will invite guests to celebrate beneath the stars with cosmic-themed cocktails by the sea, followed by a Gala Dinner featuring world-class cuisine, live cooking stations and vibrant entertainment, culminating in a spectacular countdown under the Maldivian night sky.
On 7 January, Orthodox Christmas will be marked with a serene celebration inspired by the element of water, offering oceanfront dining, soulful live music and moments of quiet reflection.
Throughout the festive period, guests will also be able to enjoy signature experiences such as a sunset wine tasting on a private sandbank and a five-course coral-aged wine dinner at SEA, the world’s only underwater wine cellar. Complementing these will be grounding island activities, rejuvenating wellness rituals and culinary delights, all designed to reconnect guests with nature, loved ones and themselves.
With its breathtaking setting, newly reimagined Beach Pool Villas and exceptional holiday programme, Anantara Kihavah promises an unforgettable seasonal celebration in luxury and style.
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