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An island resort in the Maldives Diamonds Thudufushi Beach & Water Villas, a luxury resort on Thudufushi, Ari Atoll in May 2017 Tourism Zone. Tourism is the largest economic industry in the Maldives, as it plays an important role in earning foreign exchange revenues and employing 25,000 people in the tertiary sector of the country.
In August 2017, Minor Hotels joint ventures with Cyprea Group to develop AVANI Fares Resort in Maldives. [4] In November 2019, DFCC Bank of Sri Lanka entered a breakthrough partnership with Cyprea Group for a dual-tranche bilateral term loan, together with a trade finance and guarantee facility. This transaction is the single largest bilateral ...
The Villa Group is one of the largest business entities in the Maldives.The holding company Villa Shipping and Trading Company Pvt. Ltd is a private conglomerate which is amongst the largest private business in the Maldives with major operations in Shipping, Import and Export, General Trade and Tourism, fishing, media, communication, transport and education related Businesses.
Soneva Fushi is regarded as the first luxury hotel in the Maldives, setting of the trend of luxury holidays in the nation. [6] [7] [8] It was the first "Robinson Crusoe" styled resort in the Maldives [9] [10] and also offered the first wine cellar in the Maldives. [11] 1995: Creation of Six Senses BVI and Soneva brand
RIU Hotels & Resorts is a Spanish [5] hotel chain founded by the Riu family as a small holiday firm in 1953, the first hotel being Riu San Francisco in Mallorca. [6] [5] [7] The RIU Hotels & Resorts chain is still run by the Riu family's third generation. [7] In 2011, RIU Hotels & Resorts launched their new line of Riu Plaza city hotels.
The company commenced operations with the opening of The Halkin hotel in London, England in 1991. [6] This was followed by the opening of Parrot Cay resort in Turks and Caicos in 1998, and the Cocoa Island resort in the Maldives in 2002. In 2004, the company acquired and assumed management over the Begawan Giri Estate in Ubud, Bali.
Club Med SAS, commonly known as Club Med and previously known as Club Méditerranée SA, is a French travel and tourism operator headquartered in Paris, specializing in all-inclusive holidays.
At the early stages, tourism in Maldives was a seasonal industry. As the country opened up further, this seasonal nature of tourism changed. In the early 21st century tourist arrivals were recorded throughout the year. During 1987, a school of hotel and catering was established to meet the manpower requirements of the industry.