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Maldives resorts get year-long lease rent deferral

Published

5 years ago

June 29, 2020

Lease rent payable by resorts in Maldives for the rest of the year will be deferred for a year, the island nation’s finance ministry announced Sunday.

Detailing a plan earlier announced by President Ibrahim Mohamed Solih to grant lease rent deferrals, the ministry said lease rent payable by resorts for the third and fourth quarter of the year will be deferred until June 2021.

Those that have leased land from the government for other ventures such as agriculture will also get a similar deferral.

The deferred payments must be paid in instalments within a year.

Payments can be distributed equally and paid on a quarterly basis starting June 21, 2021. This means that instalments will be due on June 21, September 21, December 21, and March 21.

Lessees can also opt to distribute the payments equally and pay every month.

What is the lease rent?

Maldives allows tourism leases up to 99 years, with rent calculated based on the land area of the island leased.

Lease rent, also called Tourism Land Rent, has to be paid in advance for each quarter. By that requirement, tourist resorts can now get the rent payable for the third and fourth quarter of the year deferred.

Failure to pay lease rent attracts a penalty of 0.5 per cent of the amount that is due. The penalty is levied for each day of delay, and continues to be applied until such time the lease rent amount and accrued penalties are all paid.

In recent months, the issue of lease rent has become a major contentious issue between the government and leading figures in the tourism industry, which has been hard hit by the coronavirus pandemic.

The government earlier offered to defer lease rent for the third and fourth quarter, but it was tied to a key condition that all local employees be retained for three months.

This sparked a rare criticism by the Maldives Association of Tourism Industry (MATI). The influential industry representative body said the offer came too late.

The Maldives is preparing to reopen its borders on July 15.

With the borders reopening on July 15, resorts and hotels on uninhabited islands as well as liveaboard vessels can begin hosting tourists right away.

Guesthouses and hotels located on inhabited islands will be allowed to reopen on August 1. Passengers on cruise ships and yachts will be barred from disembarking at inhabited islands until then.

Thirty-day free on-arrival visa will be issued to all tourists with a confirmed booking for a stay at any registered tourist facility in the country. The entire holiday has to be booked at a single facility except for transit arrangements.

There will be no mandatory quarantine or testing on arrival. Tourists will only have to complete a health declaration form.

But visitors with symptoms of the Covid-19 respiratory disease caused by the novel coronavirus or those travelling with someone who has similar symptoms will be tested at their expense.

The coronavirus outbreak has also 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, only 382,760 tourists visited the Maldives before the country closed its borders on March 27. It was a 40.8 per cent decline over the 646,092 that visited the Maldives from January to March last year.

With arrival numbers falling, several resorts across the Maldives suspended operations.

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 13 per cent economic contraction this year — an estimated $778 million hit.

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.

Eighteen more cases — all foreigners working or staying resorts and liveaboard vessels except five Maldivians who had returned from abroad — were later identified.

A six-case cluster of locals, detected in capital Male on April 15, confirmed community transmission of the coronavirus. Several more clusters have since been identified, bringing the total number of confirmed case in the Maldives to 2,323.

Eight deaths have been reported and 1,911 have made full recoveries.

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 allowed the government to introduce a series of unprecedented restrictive and social distancing measures, including stay-at-home orders in capital Male and its suburbs, a ban on inter-island transport and public gatherings across the country, and a nationwide closing of government offices, schools, colleges and universities.

Non-essential services and public places in the capital such as gyms, cinemas and parks were also shut.

Restaurants and cafes in the capital were asked to stop dine-in service and switch to takeaway and delivery.

A nationwide shutdown of all guesthouses, city hotels and spa facilities located on inhabited islands was also ordered.

These measures allowed authorities to contain the outbreak.

More than half of the people who contracted the virus have recovered and daily recoveries have over taken the number of new infections detected per day.

The restrictions are now being eased in phases, with the second phase lasting at least until June end.

Related Topics:Coronavirus COVID-19 Economy Maldives Economy Resorts Tourism

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ELE|NA and VOYA unite for ocean-inspired wellness at THE OZEN COLLECTION

Published

9 hours ago

June 8, 2025

m@ldives

In celebration of World Ocean Day, ELE|NA Elements of Nature has announced an exclusive partnership with VOYA, the globally renowned organic seaweed skincare brand. Launching in July, this collaboration introduces a new era of ocean-inspired wellness at OZEN RESERVE BOLIFUSHI and OZEN LIFE MAADHOO. Guests will experience a deeply immersive and personalised spa journey, rooted in the healing power of the sea.

The new spa menu is crafted around three core wellness pillars—REST, ZEST, and BALANCE—each designed to meet individual needs, from deep relaxation and stress relief to energy rejuvenation and emotional renewal.

Each guest begins their spa experience with a personalised consultation to align treatments with their wellness goals. The journey starts with a calming aromatic foot ritual and a mindful breathing ceremony, establishing a foundation for a meaningful and restorative session.

The spa menu features marine-inspired massages, facials, and body therapies that incorporate VOYA’s certified organic, seaweed-based ingredients, sustainably harvested from the Atlantic coast. Key offerings include:

Massage Therapies: Deep Muscle Melter, Tranquil Touch, and the signature VOYAGER Massage Journey
Marine Facials: Pro-Age, Skin Renewal, and Bespoke Touch Facials
Marine Exfoliations & Wraps: Detoxifying body buffs, nourishing sugar polishes, and sun-soothing wraps
Sleeping Rituals: Mindful Dreams Massage and Herbal Cocoon Wrap with singing bowls

ELE|NA extends the wellness experience beyond the treatment room through group sessions such as guided meditations, sea and sound therapies, and aroma-intent practices. Guests can also enjoy bespoke VOYA bathing rituals in-spa or in-villa, including Detoxifying Seaweed Baths and Warm Spiced Mud Baths.

Guests are encouraged to continue their wellness journeys at home with a curated retail collection of VOYA products, including body oils, essential oils, pulse point oils, and aromatic room scents—each inspired by the tranquility and vitality of the ocean.

With a shared commitment to sustainability, ELE|NA and VOYA honour the ocean through ethical sourcing and eco-conscious practices. This partnership goes beyond providing luxurious spa experiences—it pays tribute to the sea’s natural rhythms and healing energy.

As part of the World Ocean Day celebration, ELE|NA invites guests to reconnect with nature and their inner selves. The transformative power of the ocean is available starting this July at THE OZEN COLLECTION.

Featured

Cinnamon Hotels & Resorts introduces curated all-inclusive getaways in Maldives

Published

4 days ago

June 4, 2025

m@ldives

Cinnamon Hotels & Resorts is redefining stress-free travel with a trio of curated, all-inclusive offers across its Maldives properties. Each resort—Cinnamon Dhonveli Maldives, Cinnamon Hakuraa Huraa Maldives, and Cinnamon Velifushi Maldives—presents a unique experience, ranging from surfside excitement to secluded luxury, with every aspect of the stay carefully bundled for a seamless holiday.

At Cinnamon Dhonveli Maldives, guests are invited to enjoy five nights of barefoot luxury, with packages starting at USD 3,499 nett for double occupancy in a Water Bungalow or USD 3,999 nett in an Over Water Suite. Tailored for travellers seeking a balance of adventure and relaxation, the offer includes:

Return speed boat transfers
A 4-course beach dinner featuring steak or seafood
A 30-minute spa treatment
Snorkelling and swimming experiences
A local island visit
Unlimited laundry services
Premium All-Inclusive privileges

For those in search of tranquillity, the adults-only Platinum Wing at Cinnamon Hakuraa Huraa Maldives offers a refined escape. With a minimum stay of seven nights in a Platinum Water Bungalow, the package is available at USD 6,999 nett for double occupancy and features:

Return seaplane transfers with VIP lounge access
A 4-course steak or seafood dinner by the beach
A 45-minute spa treatment
An island-hopping adventure
A welcome bottle of wine, fruit basket, and bed decorations
Unlimited laundry services
Premium All-Inclusive privileges

At Cinnamon Velifushi Maldives, guests can indulge in serene overwater luxury with a seven-night stay starting from USD 6,999 nett for double occupancy in Water Bungalows and higher categories. The package highlights include:

Return seaplane transfers with VIP lounge access
Premium All-Inclusive privileges
A 4-course steak or seafood dinner by the beach
A 45-minute spa treatment
An island-hopping adventure
A dolphin-watching excursion
Unlimited laundry services

These exclusive offers are available for stays between 1 June and 31 October 2025, with bookings now open.

Whether it’s catching waves at the iconic Pasta Point at Cinnamon Dhonveli Maldives, enjoying a sunset over the tranquil lagoon at Cinnamon Hakuraa Huraa Maldives, or exploring the pristine waters surrounding Cinnamon Velifushi Maldives, each resort promises a distinct and immersive experience. Cinnamon Hotels & Resorts delivers three unforgettable all-inclusive escapes, designed for effortless relaxation with every detail expertly managed.

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Travel that matters: indulge in sustainability at Coco Palm Dhuni Kolhu

Published

4 days ago

June 4, 2025

m@ldives

With World Environment Day (5 June) and World Oceans Day (8 June) approaching, and Sir David Attenborough’s highly anticipated film Ocean igniting renewed interest in marine conservation, more travellers are seeking meaningful ways to turn environmental concern into impactful action.

Coco Collection, a leading luxury resort brand in the Maldives, demonstrates that responsible travel and indulgent island experiences can coexist harmoniously. At Coco Palm Dhuni Kolhu, located in the UNESCO-listed Baa Atoll, guests are offered the opportunity to actively engage in ocean conservation efforts while enjoying a tranquil tropical retreat.

Far more than a scenic escape, the resort serves as a centre for daily, impactful sustainability work. Conservation initiatives at Coco Palm Dhuni Kolhu include:

Coral restoration projects, led by the in-house marine biologist to regenerate local reef ecosystems.
Sea turtle rescue and rehabilitation, hosted at the Maldives’ first veterinary-run turtle rescue centre in partnership with the Olive Ridley Project. Visitors can tour the centre, observe turtle feedings, and register in advance to volunteer.
Turtle hatching monitoring, involving the observation of protected nests to ensure hatchlings can be safely guided back to the ocean.
Guided snorkelling and diving excursions in the Baa Atoll’s thriving marine ecosystem, which is home to tropical fish, vibrant coral gardens, and sea turtles.

Following World Turtle Day on 23 May, the resort also commemorates the beginning of turtle hatching season. Weekly marine talks and immersive conservation activities allow guests to deepen their understanding and connection to the ocean.

In 2024, the Olive Ridley Project’s Maldives Research team reported 168 new turtle nests, over 5,264 successful hatchings, and nearly 3,500 turtle sightings. Since 2013, the project has surpassed 40,000 recorded sea turtle encounters, with Coco Collection associates logging the highest number of turtle encounters in the Maldives.

In addition to marine conservation, the resort offers a broad range of water sports — including water skiing, parasailing, paddleboarding, and kayaking — along with cultural experiences through its Coco Experiences programme.

Recognised among the top resorts in the Indian Ocean by the Condé Nast Traveler Readers’ Choice Awards 2024, Coco Palm Dhuni Kolhu is celebrated for its authentic Maldivian heritage, breathtaking natural surroundings, and steadfast commitment to sustainability.

Whether visitors are nature enthusiasts, aspiring conservationists, or simply seeking a purposeful and mindful retreat, Coco Palm Dhuni Kolhu provides a rare opportunity to follow in the footsteps of Sir David Attenborough and contribute to lasting environmental stewardship.

As sustainability-focused holidays approach, the resort is preparing a range of experiences for both guests and staff. Planned activities include tree planting, Saifodhu (a traditional Maldivian high tea accompanied by a display of homemade goods), a sustainable dining experience, and a sustainability presentation led by the resort’s Marine Educator and the ORP team in celebration of World Environment Day. For World Oceans Day, the island is also set to host various sustainability-driven events and experiences.