yearbook 2009.indd - Ministry of Tourism Arts & Culture

In 2008, the Russian market captured a market share of 7.2% and became the 4th leading market to the
Maldives.
60.0
50.0
49.3
50.6
53.8
40.0
45.0
30.0
Percent(%)
20.0
10.0
0.0
-10.0
2.9 3.7 3.6 4.7 7.2
2004 2005 2006 2007 2008
-20.0
-19.3
Market Share
Arrival Growth
-30.0
In 2008, the most significant growth was performed by the Russian market with 53.8%. Russia is considered
to be one of the potential and was the fastest growing markets to the Maldives in 2008. Over the last five
years, excluding the tsunami year 2005, the Russian market has performed with an average of nearly 52%
growth. The market share increased from 2.1% in 2003 to 7.2% in 2008.
One of the factors that contributed to the increase in Russian arrivals to the Maldives was the start of charter
flights from Moscow to Male’. The Kras Air which stopped its operation in 2006, restarted in 2007 and
increased its flight movements in 2008. A new airline named Atlant Soyuz also began its charter flights from
Moscow in 2008.
The monthly arrivals from Russia show similar patterns over the last five years. June is recorded to have the
lowest count in arrivals from Russia, while January records the highest number of arrivals.
7,000
6,000
5,000
rival numbers
Arr
4,000
3,000
2,000
1,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2004 2,357 1,136 1,217 1,840 1,485 688 1,024 1,115 1,127 1,784 2,343 1,959 18,075
2005 1,223 828 1,186 1,121 1,002 768 849 1,233 1,160 1,329 2,052 1,831 14,582
2006 2,812 1,553 1,779 2,157 1,348 932 1,431 1,543 1,174 1,889 2,386 2,951 21,955
2007 4,401 2,205 2,696 2,958 1,791 1,257 1,654 2,239 1,932 2,793 3,855 4,064 31,845
2008 5,507 3,339 4,730 4,313 3,345 2,225 2,691 3,511 2,834 3,997 6,397 6,089 48,978
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