Hotels and resorts in the Maldives experienced a sharp decline in performance in the third quarter of 2016.
According to the latest data from STR, the island nation’s occupancy fell 6.5% year-on-year to 61.3% in the three months to 30 September 2016, while average daily rate (ADR) declined 6.8% to MVR7,612.88 (approx. US$498).
This caused the country’s revenue per available room (revPAR) to slump 12.8% to MVR4,665.35.
STR noted that Maldivian occupancy has now experienced nine consecutive quarters of year-on-year declines, due to a “shift in tourism demand”.
While total tourist arrivals were up 2.3% in the year-to-August, the number of visitors from China – the Maldives’ top feeder market – decreased by 11.5% in the same period.
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