Analysis dates: March 25, 2023 – April 8, 2023
| Past 7 days | Avg. age | Avg. budget | Avg. booking window |
| Australia | 27 | $4,345 | 23 |
| China | 27 | $4,417 | 22 |
| France | 27 | $5,859 | 22 |
| Germany | 27 | $5,181 | 22 |
| India | 27 | $3,242 | 22 |
| Italy | 27 | $3,799 | 22 |
| Japan | 27 | $5,148 | 23 |
| Russia | 27 | $3,650 | 22 |
| Singapore | 28 | $4,833 | 23 |
| South Korea | 27 | $3,628 | 23 |
| Spain | 28 | $3,930 | 23 |
| UAE | 28 | $5,240 | 23 |
| UK | 27 | $5,264 | 23 |
| US | 28 | $9,528 | 23 |
| Grand Total | 27 | $4,808 | 22 |
| Week before | Avg. age | Avg. budget | Avg. booking window |
| Australia | 40 | $6,291 | 89 |
| China | 40 | $6,075 | 86 |
| France | 39 | $7,550 | 81 |
| Germany | 41 | $7,217 | 95 |
| India | 41 | $4,532 | 96 |
| Italy | 40 | $5,313 | 85 |
| Japan | 40 | $7,315 | 81 |
| Russia | 40 | $5,347 | 92 |
| Singapore | 41 | $6,891 | 95 |
| South Korea | 41 | $5,141 | 97 |
| Spain | 39 | $5,241 | 88 |
| UAE | 40 | $7,003 | 84 |
| UK | 40 | $7,302 | 82 |
| US | 41 | $13,580 | 95 |
| Grand Total | 40 | $6,733 | 89 |
The Maldives is known for its pristine beaches, turquoise waters, and luxury resorts. It has been a popular destination for honeymooners and luxury travelers for years. However, with changing travel patterns and preferences, it is important to analyze the inbound tourism trends to the Maldives to understand the market better.
In this article, we will compare the inbound tourism trends to the Maldives in the past week and the past seven days. The data has been analyzed based on the average age of travelers, the average hotel budget, and the average booking window.
Market Insights: Past Week vs. Past Seven Days
The past week and the past seven days show a significant difference in inbound tourism trends to the Maldives. While the average age of travelers and the average booking window has remained the same, there has been a significant change in the average hotel budget.
Travelers from all the key markets have reduced their hotel budget in the past week compared to the previous seven days. The Grand Total average hotel budget has decreased by $1,925, and the individual market analysis shows a decrease ranging from $1,290 to $4,052.
Travel Trends: Top Markets
Australia: The average age of travelers from Australia has remained the same in both the past week and the past seven days. However, there has been a significant decrease in the average hotel budget and the booking window. The average hotel budget has decreased by $1,945, and the booking window has decreased by 66 days.
China: The travel trends from China show a similar pattern to Australia. The average age of travelers has remained the same, but the average hotel budget and booking window have decreased significantly. The average hotel budget has decreased by $1,658, and the booking window has decreased by 64 days.
France: The average age of travelers from France has remained the same, but the average hotel budget and booking window have decreased in the past week. The average hotel budget has decreased by $1,691, and the booking window has decreased by 59 days.
Germany: Travelers from Germany have reduced their hotel budget in the past week, and the booking window has decreased significantly. The average hotel budget has decreased by $2,036, and the booking window has decreased by 72 days.
India: The travel trends from India show a similar pattern to Germany. The average hotel budget has decreased by $1,290, and the booking window has decreased by 73 days.
Italy: The average hotel budget from travelers from Italy has decreased by $1,515, and the booking window has decreased by 62 days in the past week.
Japan: The travel trends from Japan show a significant decrease in the average hotel budget and booking window. The average hotel budget has decreased by $2,167, and the booking window has decreased by 59 days.
Russia: Travelers from Russia have reduced their hotel budget and booking window in the past week. The average hotel budget has decreased by $1,697, and the booking window has decreased by 70 days.
Singapore: The average hotel budget from travelers from Singapore has decreased by $2,058, and the booking window has decreased by 73 days in the past week.
South Korea: The travel trends from South Korea show a similar pattern to Singapore. The average hotel budget has decreased by $1,513, and the booking window has decreased by 74 days.
Spain: The average hotel budget from travelers from Spain has decreased by $1,311, and the booking window has decreased by 66 days in the past week.
UAE:
Travelers from the UAE have reduced their hotel budget in the past week, and the booking window has decreased by 12 days. This could be due to various reasons, such as economic uncertainty, the availability of affordable accommodation options, or changing travel patterns.
However, the average hotel budget from travelers from the UAE is still higher than the overall Grand Total average hotel budget. This indicates that the Maldives remains a popular luxury destination for UAE travelers, and they are willing to pay a premium for the experience.
The overall market insights show a significant decrease in the average hotel budget in the past week compared to the past seven days. This could be due to various reasons, such as changing travel patterns, economic uncertainty, or the availability of affordable accommodation options.
Conclusion
However, it is important to note that the Maldives is still a luxury destination, and travelers are willing to pay a premium for the experience. Therefore, it is crucial for the Maldives tourism industry to strike a balance between offering affordable accommodation options while maintaining the luxury appeal of the destination.
The decrease in the booking window could be attributed to the increasing popularity of last-minute travel bookings and the availability of real-time information and deals online. Travelers are increasingly using technology to plan their trips and are taking advantage of last-minute deals to save money.
In conclusion, the inbound tourism trends to the Maldives have shown a significant decrease in the average hotel budget in the past week compared to the past seven days. However, the Maldives still remains a popular luxury destination, and travelers are willing to pay a premium for the experience. It is important for the Maldives tourism industry to offer affordable accommodation options while maintaining the luxury appeal of the destination.
The decrease in the booking window could be attributed to the increasing popularity of last-minute travel bookings and the availability of real-time information and deals online. The Maldives tourism industry must adapt to these changing travel patterns and offer last-minute deals and promotions to attract more travelers.
Overall, it is essential for the Maldives tourism industry to continuously analyze the inbound tourism trends to the destination and adapt to changing travel patterns and preferences to remain competitive in the global tourism market.