Opportunity island: 20 new resorts slated to open in Maldives in 2019
Baglioni Resort Maldives
A host of new resort openings in 2019 will increase the number of available beds on the pristine island nation of Maldives to more than 47,000
Maldives, a tropical nation in the Indian Ocean that’s made up of 26 ring-shaped atolls, will welcome 20 new resort openings this year, Maldivian President Ibrahim Mohamed Solih announced.
In his presidential address to a sitting of parliament, President Solih said with the new resorts, the number of beds in the country will increase to more than 47,000.
“By the end of last year, 1.4 million tourists from around the world visited the Maldives, and there were 145 resorts and 521 guest houses operating with a total of 44,860 beds,” the president said.
Booming hospitality in Maldives
Tourism and hospitality in the tropical nation has been steadily growing in recent years.
Eleven new resorts opened in 2016, followed by at least 15 new resorts in 2017 and 20 new properties last year. Over the past few years, dozens of uninhabited islands have been leased to local and foreign resort developers as well. Several international brands have entered into the market too, increasing the number of resorts in operation to more than 140.
Singapore’s Park Hotel Group has opened its first resort in the Maldives, while major international hotel chains such as AccorHotels have entered the Maldives with three openings, including Mercure Maldives Kooddoo Resort, Fairmont Maldives Sirru Fen Fushi and Mӧvenpick Resort Kuredhivaru Maldives, with two more in the pipeline.
Brands like Hard Rock International, Capella Hotel Group, Carlson Rezidor Hotel Group, Emaar Hospitality Group, Baglioni Hotels, Emerald Collection and Meliá Hotels International have all announced their own entries to the Maldives as well.
Host of existing players
Hilton Worldwide will re-introduce its top-end luxury brand Waldorf Astoria, Aitken Spence is to introduce its Heritance brand, Minor Hotel Group will introduce its AVANI brand, Onyx Hospitality Group will introduce its OZO brand with its second property in the island nation, and LUX* Hotels and Resorts recently opened its second resort in the Maldives — *LUX North Male Atoll.
Centara Hotels and Resorts has also signed a management agreement for its third resort in the tropical destination, while The Residence by Cenizaro has announced the launch of its second Maldivian property.
Leading local hotel groups, including Atmosphere Hotels and Resorts, Sun Siyam Resorts, and Crown and Champa Resorts, are all also on an expansion drive. Meanwhile, the first integrated tourism developments in the Maldives — Emboodhoo Lagoon project and Rah Falhu Huraa lagoon project — are underway.
Overall, the hospitality market in the Maldives is a strong one, and as a result of all this growth, there are now a greater selection of lodging options, an overall net gain for both the market and the country.
Here is a look at other projects currently in the Maldives, according to the TOPHOTELCONSTRUCTION database:
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