MAJOR MARKETS FROM ASIA AND THE PACIFIC
Due to the decline in the European arrivals in the third quarter and in the growth in arrivals of Chinese market, Asia and the Pacific stayed as the top market generator to the Maldives. After the peak of Chinese travelers in February, the next peak season for Chinese has been July and August. Hence the spike in Asia and the pacific visitors during this quarter of the year.
In terms of market share, China has been the top market generator in the Maldives for the past 4 years. In this quarter China has contributed 31.8% of the total arrivals, however the growth is only 2% compared to the third quarter in 2014. The growth rate has been declining over the past 2 years.
The second best performer is India with 3.9% shares of the total arrivals and recorded a growth of 11.7% compared to the same quarter in 2014.
Japan was the third best performer in the region contributing 3.1% to the market share and recorded a growth of 2.1% compared to last year.
it bserved that in the region with 2.4% shares, however it has o thKorean market came 4 showed a negative growth of 10.4% in compared to the last year’s performance.
Australian market has been a significant new market blooming in the region with 1.6% of the total arrivals. It has also recorded a growth of 4% compared to this period in 2014.