According to recent data from the Maldives Inland Revenue Authority (MIRA), the tourism sector generated $746 million in revenue during the first three quarters of 2024. This figure reflects an 11.8% increase over the same period last year, highlighting continued growth in the industry.
MIRA reported substantial contributions from various sources, including green taxes, Tourism Goods and Services Tax (TGST), and departure taxes. Revenue from green tax collections reached $52.7 million, TGST brought in $469.05 million, and departure tax amounted to $55.2 million.
Additional revenues came from $56.1 million in airport development fees, $6.3 million in acquisition fees, and $15 million from lease extensions. The state also collected $92.3 million in tourism rents and $1 million in admission fees, marking a notable 35.8% year-over-year increase.
The Maldives' Ministry of Tourism noted that 1.7 million tourists visited the country in 2024, and the number is expected to reach 2.3 million by the end of the year.
MIRA reported substantial contributions from various sources, including green taxes, Tourism Goods and Services Tax (TGST), and departure taxes. Revenue from green tax collections reached $52.7 million, TGST brought in $469.05 million, and departure tax amounted to $55.2 million.
Additional revenues came from $56.1 million in airport development fees, $6.3 million in acquisition fees, and $15 million from lease extensions. The state also collected $92.3 million in tourism rents and $1 million in admission fees, marking a notable 35.8% year-over-year increase.
The Maldives' Ministry of Tourism noted that 1.7 million tourists visited the country in 2024, and the number is expected to reach 2.3 million by the end of the year.
