New regulations on resort rent and lease periods will bring changes

President Mohamed Nasheed has said that government will amend the Maldives Tourism Act, reports Miadhu.

The president said that once the taxation bill and the resort rent and lease bill become legislations, there will be major changes to the tourism sector.

President Nasheed added that according to the ‘Third Tourism Master Plan’, the government is working on increasing bed capacity to 36,659 beds by 2012. He said the Maldives must not only target the high-end market, and announced the government will begin to create a mid-market.

Both the taxation and the Tourism Act amendment bill are being examined by the People’s Majlis.