Nearly 500 flight cancellations prompt government and MATI to seek support for affected resorts

Tourism Minister Thoriq Ibrahim has said the Bank of Maldives (BML) is extending financial facilities to resorts struggling to operate due to a decline in tourist arrivals linked to the ongoing conflict in the Middle East.

The update was shared at a press conference held Sunday by the Special Ministerial Committee formed by President Dr Mohamed Muizzu to address potential economic challenges arising from the regional crisis.

Minister Thoriq said several resorts are facing operational difficulties as tourist arrivals have dropped sharply in recent weeks. To address this, the ministry has held discussions with the Maldives Association of Tourism Industry (MATI).

According to the minister, MATI requested that banks provide financial assistance to resorts currently under strain, and BML has begun facilitating support measures.

The Middle East conflict has had a significant impact on Maldives tourism. Thoriq said 496 flights were cancelled between February 28 and March 28 alone.

Despite the downturn, the minister said efforts are underway to increase flight connectivity and secure new airline partnerships. He noted that discussions are ongoing with Ethiopian Airlines, which is preparing to begin operations to the Maldives.

Industry experts estimate that it may take several months for the sector to recover. In the meantime, the minister stressed the importance of government agencies and private businesses working together to reinforce Maldives’ image as a safe and accessible destination.