South Asian Business news and information

Currently, all the islands of the country are not inhabited by people. The government has decided to build 50 new resorts in fifty islands. MSNBC reports:

In fact, so ambitious is the country’s tourism target that over 50 new resorts will be built over the next four years, necessitating new carriers to enter the market and existing ones to increase service to the sunny island paradise, reports Routes News.

Tourism is the country’s main industry, providing vital employment and foreign investment for the tiny, geographically isolated island state. Much of its 300,000 population is employed by the tourism industry, and the government is serious about increasing employment in the sector even further, while maintaining its exclusive and eco-friendly ‘one resort per island’ policy.

Many of you might be thinking that being a country of South Asia, Maldives may not have a very developed tourism sector. It is the opposite, Maldives is quite expensive and it does not target cheap tourists. Eighty percent of the tourists that come to Maldives are Europeans with England in the first place followed by Italy andGermany.

The 50 new resorts will have eleven thousand beds in total. This means more job will be created and if the plan becomes successful, many people will be able to stay near their home. Now, people have to go from one island to another for work. Improving airlines service is also another major condition for getting tourists. Maldives government maintains open sky so that air buses from all over the world can bring in tourists.

This is definitely a good decision for Maldives. Since, tourism is the biggest foreign currency earner for the country, why not expand it? More money would come which translates into prosperous economy. Like Maldives, Nepal should take the same approach. The political stability and corruption during the time of the monarchy has left Nepal economically weak. Like Maldives, tourism is also the major foreign currency earner for Nepal. It can attract more tourists by expanding the tourism sector and offering better services and facilities to the tourists.

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MSNBC