Tourist Arrivals to the Maldives Increase by 5.7% in July 2016

 

The Maldives enjoyed a 5.7% growth in tourist arrivals to the country during the month of July 2016, reaching a total of 730,353 at the end of the first 7 months of the year. With this, the annual growth rate for the year rose from 1.8% at the end of first six months of 2016 to 2.3% for the first seven months of the year. Over the years, the month of June is recorded to be the lowest month for tourist arrivals to the Maldives, resulting in a sharp growth from June to July. This trend was followed in 2016 with 110,432 tourists arriving the country during the month of July, which was an increase of 40% compared with the 79,034 arrivals in June 2016.

Asia and the Pacific region secured 54.6% shares during the month of July 2016. However, the region, mainly dominated by the Chinese market, registered a negative growth of 2.6% for the period from January to July 2016. The Chinese market continued with its negative growth, registering a negative 12.2% in July 2016 compared with that of 2015 leading to a negative 11.6% growth at the end of the period from January to July 2016. The Indian market, which is the second largest market within Asia Pacific region, stood as one of the strong performers within the region during 2016, with +42% growth for the month of July and 22% for the period from January to July 2016. The Australian market, which has emerged as one of the potential and fastest growing markets to the Maldive, also recorded an impressive growth of +12% in July resulting in a healthy 18% growth for the period from January to July 2016.

European region performed well during the period from January to July 2016 with 6.4% growth, which was complemented by the strong growth (+11.3%) recorded for the region during the month of July 2016. The U.K market although led the region with 7.2% shares during the month of July 2106 was the second largest market within the region for the period from January to July 2016 with 8.1% shares. The market saw a solid 10.1% growth during the month of July 2016 and 10.2% at the end of the period from January to July 2016 compared with the same period of 2015. Germany which followed behind U.K during the month of July 2016 with 5.4% shares, was the number one market within the region at the end of the period from January to July 2016 with 8.2% shares. German market registered a positive 2.5% growth during the month of July 2016. Overall growth of the market at the end of the period from January to July 2016 stood at +3.8%. Italy, which was the third largest market within Europe at the end of the period from January to July 2016, registered a healthy 28.3% growth during the month of July 2016. Italian market grew at an average rate of 7.4% at the end of first 7 months of 2016. Russian market saw a positive growth of 7.4% during the month of July 2016 and stood firmly at the 3rd position within the region during the month. Russia, however was the fourth largest market within Europe at the end of the period from January to July 2016 taking hold of 3.5% shares. The French market, which performed with negative growths during the first five months of 2016, started improving in June 2016 with a positive 3.9% growth. In July 2016, the market saw an impressive 11% growth compared with the same month of 2015.

Middle East region was the best performer during the month of July 2016 in terms of growth rate, with a robust 51.4% increase compared with that of 2015. The region recorded a heavy growth at the end of the period from January to July 2016 compared with the same period of 2015.

Americas, backed by the heavy growth recorded from the U.S.A market (23.9%), recorded a solid 14.5% growth during the month of July 2016. The region saw an increase of +3.8% at the end of the period from January to July 2016 compared with that of 2015.

 

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