Tourism revenue increases amid positive occupancy rates

The tourism sector generated USD 3.4 billion (MVR 52 billion) in the first 10 months of this year, according to statistics from the Maldives Monetary Authority (MMA).

This marks a significant increase compared to the USD 2.9 billion (MVR 45 billion) earned during the same period last year. The average occupancy rate rose to 59 percent, a two percent increase from last year’s 57 percent.