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Maldives eyes mid-market in a new era of tourism with the launch of integrated resorts development

The first ever integrated Resort Development Project in the Maldives has been launched by H. E. President Abdulla Yameen Abdul Gayoom. Thumburi integrated resort development project is the embodiment of his vision for guest house islands which her outlined in the PPM tourism manifesto. The project plan is to implement the guest house concept in the Islands of Thumburi and Hulhiyandhoo located in Laamu Atoll in the North of Maldives.

With 23 hospitality properties the project will effectively have 2,100 new beds introduced with over 4,000 new jobs created. Estimates indicate that by 2017 the Maldives will have additional tourist arrival of over 150,000.

The plan to develop integrated resorts in the Maldives is one of the most attractive investment options in the tourism sector. This project will diversify Maldives tourism product in order to attract the mid-market segment and bring social and economic development to the region, whilst creating opportunities for investment for small and medium local businesses. The project offers opportunities for SMEs to invest in tourism related products (guesthouses) as well as sub-sector products like restaurants, dive centres and water sports.

Maldives reached a milestone of 1 million tourists last year. By the end of Dec 2013, 1,125,202 tourist arrivals were recorded which is an increase of 17.4% compared to the year 2012.

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