The Maldives Association of Travel Agents and Tour Operators (MATATO) has made a resounding announcement, signaling a momentous year for the tourism sector in 2023. According to MATATO, the tourism industry in the Maldives generated a staggering USD 876.43 million in revenue, a notable increase from the USD 714.13 million recorded in 2022.
Citing data from the Maldives Inland Revenue Authority (MIRA), Ministry of Tourism, and the Maldives Monetary Authority (MMA), MATATO underscored the significant contribution of the tourism sector to the country's economy. The revenue sources in 2023 included departure tax (USD 63.83 million), green tax (USD 64.86 million), TGST (USD 564.81 million), airport development fee (USD 64.92 million), and tourism land rent (USD 110.36 million).
The Maldives welcomed approximately 1.8 million tourists in 2023, reflecting the country's enduring appeal as a premier tourist destination. MATATO highlighted that each tourist contributed an average of USD 467 to the economy, further emphasizing the sector's vital role in driving economic growth.
With a focus on revitalizing the tourism industry, the government has intensified efforts to attract more tourists to the Maldives. A key initiative in this regard is the redevelopment of Velana International Airport, which is poised to enhance the country's tourism infrastructure significantly. The Ministry of Tourism has assured that ongoing work at the terminal will be completed by the year's end, signaling a commitment to elevating the tourism industry to new heights.
In a bid to set a new record, the government aims to surpass the 2 million tourist mark, demonstrating its ambitious vision for the sector. With over 500,000 tourists already visiting the Maldives in the current year, the government's aspirations for further growth underscore the resilience and potential of the country's tourism industry.
As the Maldives continues to position itself as a premier tourist destination, the government's proactive measures and strategic investments are expected to fuel continued growth and prosperity in the years to come.