Resort Life, a Maldivian-owned tourism enterprise, has achieved a major business milestone after reaching its full-year target ahead of schedule, highlighting the growing strength of local participation in the Maldives tourism industry.
The achievement was announced yesterday by Shaaz Waleed, Chief Executive Officer and Managing Director of Resort Life, in a tourism industry group. According to Shaaz, the company’s Maldivian bank accounts have recorded cumulative inflows of USD 101 million since January 1 this year, marking a significant performance benchmark for a locally owned travel and tour operations firm.
Shaaz noted that the travel agency and tour operations segment holds substantial growth potential despite not dealing in physical goods. He emphasized that the sector offers strong scalability and value creation, particularly if policy frameworks are expanded to allow greater Maldivian participation.
“If the government broadens opportunities for Maldivians in this line of business, it would be one of the areas where locals benefit most directly from the Maldives tourism industry,” Shaaz said.
He also highlighted the social dimension of the company’s success, stating that revenue generated through tourism has enabled him to facilitate Umrah pilgrimages for many individuals each year. Shaaz added that he views the company’s progress as a blessing from Allah and a responsibility to give back to the community.
To commemorate the milestone, Resort Life is planning a special event, with further details expected to be announced in the coming days.
The achievement comes amid increasing national focus on strengthening Maldivian ownership across tourism-related services, particularly in high-value segments such as travel management and tour operations, which play a critical role in sustaining the country’s position as a leading global tourism destination.
