Market Size of Hospitality Industry In Maldives
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 609.17 Million |
| Market Size (2029) | USD 943.94 Million |
| CAGR (2024 - 2029) | 9.15 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Maldives Hospitality Market Analysis
The Hospitality Industry In Maldives Market size is estimated at USD 609.17 million in 2024, and is expected to reach USD 943.94 million by 2029, growing at a CAGR of 9.15% during the forecast period (2024-2029).
The hospitality industry in the Maldives has been developing on 'One Island, One Resort' and has become the best yielding market in Asia. With a greater number of the scheduled opening of new resorts and guesthouses with almost 2,000 new rooms/keys addition, the hospitality industry in the islands is attracting more investors. The supportive government policies in the hospitality industry in the Maldives has become one of the pillars of economic growth. With strong Tourism which is the largest sector which consists of almost 25% of the total Gross Domestic Product (GDP), the hospitality industry is gaining more significance.
