Featured
Coronavirus will cost global tourism at least $1.2 trillion, UN agency warns
The world’s tourism sector could lose at least $1.2 trillion, or 1.5 per cent of the global gross domestic product (GDP), having been placed at a standstill for nearly four months due to the coronavirus pandemic, according to a report Wednesday from the United Nations Conference on Trade and Development.
The UNCTAD warned that the loss could rise to $2.2 trillion or 2.8 per cent of the world’s GDP if the break in international tourism lasts for eight months, in line with the expected decline in tourism as projected by the UN World Tourism Organisation (UNWTO).
UNCTAD estimates losses in the most pessimistic scenario, a 12-month break in international tourism, at $3.3 trillion or 4.2 per cent of global GDP.
Tourism is a backbone of many countries’ economies and a lifeline for millions of people around the world, having more than tripled in value from $490 billion to $1.6 trillion in the last 20 years, according to UNWTO.
But Covid-19 has brought it to a halt, causing severe economic consequences globally.
Prevailing lockdown measures in some countries, travel restrictions, reductions in consumers’ disposable income and low confidence levels could significantly slow down the sector’s recovery.
Even as tourism slowly restarts in an increasing number of countries, it remains at a standstill in many nations.
“These numbers are a clear reminder of something we often seem to forget: the economic importance of the sector and its role as a lifeline for millions of people all around the world,” UNCTAD’s director of international trade Pamela Coke-Hamilton was quoted in a statement, as saying.
“For many countries, like the small island developing states, a collapse in tourism means a collapse in their development prospects. This is not something we can afford.”
Developing countries could suffer the steepest GDP losses.
Jamaica and Thailand stand out, losing 11 per cent and 9 per cent of GDP respectively in the most optimistic scenario of UNCTAD’s estimates. Other tourism hotspots such as Kenya, Egypt and Malaysia could lose over three per cent of their GDP.
But the tourism sector in many rich nations will also feel the squeeze.
Popular European and North American destinations, including France, Greece, Italy, Portugal, Spain and the United States could lose billions of dollars due to the dramatic drop in international tourism, according to UNCTAD forecasts.
Impact on other sectors, jobs and wages
Travel and tourism account for a significant share of global GDP and more than half of many countries’ national income.
Coronavirus-induced losses in tourism have a knock-on effect on other economic sectors that supply the goods and services travellers seek while on vacation, such as food, beverages and entertainment.
UNCTAD estimates that for every $1 million lost in international tourism revenue, a country’s national income could decline by $2 million to $3 million.
The massive fall in tourist arrivals has also left a growing number of skilled and unskilled workers unemployed or with less income.
UNCTAD estimates show that in the worst-affected countries, such as Thailand, Jamaica and Croatia, employment for unskilled workers could decrease at double-digit rates even in the most moderate scenario.
In the case of wages for skilled workers, the steepest drops could be seen in Thailand (-12 per cent), Jamaica (-11 per cent) and Croatia (-nine per cent), in the optimistic case, doubling or tripling in the worst scenario.
The effects could be particularly negative for women, who are expected to be disproportionately affected by layoffs in tourism due to Covid-19, according to the report.
Women are more likely than men to be entrepreneurs in tourism and make up about 54 per cent of the workers in the accommodation and food services sectors.
And because many women in the sector work informally in low-skilled jobs, they are less likely to have unemployment benefits or other safety nets.
“This is why women are particularly hard hit in this crisis. And this is why policies that help protect the sector also protect the economic empowerment that many of these women have long fought for,” Coke-Hamilton said.
Maldives continues to suffer
The UNCTAD report shows that inbound tourism accounts for 58 per cent of the Maldives GDP.
The report, however, does not specify the impact of Covid-19 on Maldives tourism and its economy.
The coronavirus 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, 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 2,382.
Ten deaths have been reported and 1,954 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.
The restrictions are now being eased in phases, with the third phase kicking in from Wednesday.
The Maldives is also preparing to reopen its borders on July 15.
Recovery support needed
UNCTAD calls for strengthened social protection in the affected nations to prevent the worst economic hardship for people and communities that depend on tourism.
It urges governments to protect workers. Where some enterprises are unlikely to recover, wage subsidies should be designed to help workers move to new industries.
Governments should also assist tourism enterprises facing the risk of bankruptcy, such as hotels and airlines. One approach for financial relief is low-interest loans or grants, the report states.
In addition, UNCTAD calls on the international community to support access to funding for the hardest-hit countries.
Cover photo: Mihaaru News
W Maldives is inviting guests to Make Waves, New Traditions this festive season, presenting a celebration that redefines the holidays with creativity, connection, and indulgence. From 23 December to 1 January, the resort will transform into a tropical haven where every moment is designed for joy and every guest has officially “Made the List.”
The festivities commence with Twinkle & Toast, a lighting ceremony that marks the start of a vibrant, week-long calendar of events. Highlights include flame-grilled feasts on FIRE Beach for Christmas Eve, holiday movie nights under the stars, festive afternoon teas overlooking the reef, seafood markets brimming with fresh coastal flavours, and a Maldivian beach barbecue infused with rhythm and local flair. On New Year’s Eve, the island will evolve into a lively playground featuring creative cocktails, immersive culinary journeys, electrifying performances, and fireworks over the Indian Ocean to welcome 2025 in true W style.
This year’s celebration also introduces The Restore Series with internationally acclaimed wellness coach Arron Collins-Thomas, founder of TONIQ. Integrating Qigong, breathwork, and cold-water therapy with energising workouts and restorative rituals, the seven-day wellness experience aims to refresh both body and mind while harmonising with the festive atmosphere. Guests can take part in sunrise sessions, sunset meditations, and ice-bath resets, embracing wellness as an essential part of the celebration and preparing themselves for the year ahead.
Culinary experiences take centre stage in this season of togetherness and authenticity. From ocean-to-table creations at FISH to Chef Bakaa’s festive degustation menu and the dynamic seafood markets at KITCHEN, each dining encounter blends local ingredients with bold imagination. Guests are encouraged to come together, share stories, and experience the Maldivian spirit through flavours that are both comforting and refreshingly innovative.
“This is the season to connect, recharge, and celebrate without boundaries,” said Amila Handunwala, General Manager of W Maldives. “At W Maldives, we embrace the unexpected. Make Waves, New Traditions is our invitation for guests to come together, savour the island’s soul, and create memories that sparkle long after the fireworks fade.”
With its star-lit skies, daring gastronomy, revitalising wellness rituals, and music that carries into the night, W Maldives offers a festive escape where traditions are reimagined and every guest truly Makes the List.
Set amidst the tranquillity and natural splendour of the Maldives, Alila Kothaifaru Maldives presents couples with an idyllic destination for celebrating love. Whether marking the start of a shared journey, renewing vows, or enjoying an intimate retreat, the island provides a haven where cherished moments unfold against a backdrop of blue skies, soft sands, and crystalline waters.
Combining understated elegance with the lush tropical beauty of the island, Alila Kothaifaru Maldives creates a romantic sanctuary defined by thoughtful details, curated experiences, and the effortless allure of nature. With bespoke wedding, proposal, and romantic escape offerings, the resort caters to couples seeking intimacy, connection, and enduring memories.
Every wedding or vow renewal is meticulously crafted to reflect each couple’s story and style. Through the resort’s “A Tale of True Love” package, couples may exchange or renew vows in an island-inspired ceremony, held either along the pristine shoreline or on a secluded private sandbank. Whether a quiet ceremony for two or an intimate gathering with family and friends, every detail is personalised to match the couple’s vision. Guests can walk down a flower-lined aisle to the rhythm of traditional Maldivian Bodu beru drums, surrounded by ocean vistas. Tropical floral arrangements, bespoke bouquets, and a custom wedding cake add to the sense of occasion. As evening falls, a private dinner curated by the executive chef awaits—served either on the beach or in the privacy of a villa. The experience concludes with romantic turndown touches, including a flower petal bath, designed to end the day in serene luxury.
For those taking the first step toward their future together, Alila Kothaifaru Maldives offers a breathtaking setting for proposals. The romantic beach proposal experience sets the stage as the sun dips below the horizon, with “Will you marry me?” displayed in lights or written in the sand within a heart of fresh blooms. The moment is accompanied by chilled champagne and handcrafted canapés, allowing couples to toast to their future as the waves lap gently along the shore.
Couples seeking to celebrate milestones such as honeymoons, anniversaries, or simply time away together may choose the Couple Celebration package, designed to encourage reconnection in tranquil seclusion. Available with a minimum four-night stay, the package includes seaplane transfers, a bottle of champagne upon arrival, exclusive dining experiences—including a floating breakfast and a candlelit beach dinner—and a rejuvenating couple’s treatment at the resort’s treetop Spa Alila.
With its emphasis on time, space, and togetherness, Alila Kothaifaru Maldives offers an exquisite setting for celebrating love in all its forms, transforming each special moment into a lasting memory. The resort has also earned consecutive recognition as the Best Honeymoon Destination at the Travel Trade Maldives Awards, an honour voted by both travel agents and the public. This accolade reaffirms Alila Kothaifaru Maldives’ reputation as one of the nation’s premier destinations for romance and intimate celebrations.
Drink
Golden encounter: Atmosphere Kanifushi and Bottega unite Maldivian soul with Italian craftsmanship
Atmosphere Kanifushi is set to host a golden fusion of Maldivian spirit and Italian craftsmanship from 4 to 6 December, as Atmosphere Core presents a three-day celebration in collaboration with Bottega SpA, one of Italy’s most renowned lifestyle wineries.
Sandro Bottega, President and CEO of Bottega SpA, remarked, “The Maldives is an iconic destination, a paradise for leisure and diving. We are proud to showcase our selected wines at Atmosphere Kanifushi, in an expression of refined hospitality that blends seamlessly with the Italian lifestyle. I am certain that this three-day experience, dedicated to Prosecco, will beautifully unite the Bottega philosophy with the island’s soul.”
The celebration begins at Just Veg, the Maldives’ first vegetarian restaurant, where acclaimed Italian Chef Fabrizio Marino will curate exclusive lunch and dinner menus paired with signature Bottega vintages. On the second day, the festivities move to Pier Six, featuring elegant seafood pairings, followed by an evening of golden cocktails, sizzling teppanyaki, and Venetian carnival-inspired delights, set against panoramic lagoon views.
The event culminates in the Bottega Gala Gold Dinner on the beach, where all in-house guests will be invited to raise golden flutes of GOLD Prosecco DOC under the starlit sky. The evening will unfold to the sounds of live bands and DJ performances, with the ocean’s rhythm creating the perfect atmosphere for a night of elegance, indulgence, and unforgettable moments. Every element—from the cuisine and wine to the music and cinematic storytelling—will harmoniously come together to craft a truly immersive experience.
Bottega’s Head Sommelier, Elena Schipani, will personally host the pairings, guiding guests through the stories and characteristics of each vintage. All events will be complimentary under the Kanifushi Plan™, subject to pre-booking and availability. “Atmosphere Kanifushi has long been celebrated for its culinary creativity and heartfelt service,” said Raman Gomathi, Director of Food and Beverage. “This Golden Wine Encounter embodies our commitment to experiences that combine artistry with authenticity. The team has poured its heart into creating this first-of-its-kind celebration, a true reflection of our Joy of Giving philosophy.”
This golden celebration also symbolises Atmosphere Core’s growing relationship with Italy. In 2026, the group will debut its first European property, BORGO MONCHIERO Heritage by Atmosphere, in Piedmont—a region known for its rolling vineyards and exceptional gastronomy. The collaboration with Bottega SpA, alongside culinary artistry from Chef Fabrizio Marino, offers a glimpse into this exciting journey, uniting Maldivian warmth with Italian elegance.
A fourth-generation family estate, Bottega SpA epitomises quality, authenticity, and timeless design—values shared by Atmosphere Core. Together, they invite guests to a radiant celebration where fine wine meets the joy of island living.
-
News7 days agoUniversal Resorts transforms into VERSA, unveiling NIVA as cornerstone of international growth strategy
-
Celebration1 week agoJW Marriott Maldives Resort & Spa unveils ‘Around the World’ festive celebration inspired by global cultures
-
News1 week agoBaros Maldives celebrates festive season with iconic experiences, island traditions
-
Featured1 week agoNew era of sustainable luxury: Veligandu Maldives now fully powered by solar energy
-
Celebration1 week agoSun Siyam Olhuveli’s dual celebration of Diwali and culinary artistry
-
Featured1 week agoEscape to Baa Atoll with Royal Island’s limited-time winter offer
-
Featured5 days agoThe St. Regis Maldives introduces holistic wellness experience with Tash and Andre Barnard
-
Awards7 days agoLuxury Lifestyle Awards honours Summer Island Maldives as Best Romantic Resort