How Russian invasion affect Maldives?
According to the most recent ForwardKeys data, the Russian invasion of Ukraine resulted in an immediate increase in flight cancellations to and from Russia.
On the 25th of February, the day after the invasion began, every booking for travel to Russia was outweighed by six cancellations of pre-existing bookings.
The Russian invasion caused a collapse in the Russian outbound travel market. According to the stats, the Maldives experienced the highest immediate cancellation rates between the 24th and 26th of February (165 percent ).
The Russian Invasion: How Will It Affect Flight Bookings?
Prior to the outbreak of war, Russian outbound flight bookings for March, April, and May had recovered to 32% of pre-pandemic levels, with some holiday hotspots performing particularly well.
Russian arrivals account for a significant part of all international arrivals to the Maldives, so a decline in Russian travel will have a negative impact on the Maldives’ tourism-dependent economy.
Based on flight bookings as of February 22nd for arrivals between March and May 2022, the Maldives accounts for 15% of the Russian origin market.
How it affects the Maldives tourism industry?
Prior to the outbreak of war, the top three destinations most booked by Russian tourists in March, April, and May were, in order of total bookings, Turkey, the United Arab Emirates, and the Maldives.
Concurrent with the collapse of international air travel, a strong recovery in domestic air travel swiftly came to a halt. Up until the 23rd of February, Russian domestic flight bookings for March, April, and May were 25% higher than pre-pandemic levels. New bookings, on the other hand, have dropped by 77 percent when compared week to week.
The travel industry has suffered as a result of the outbreak of war. Flight cancellations to and from Russia will have a negative impact on destinations that rely heavily on Russian visitors. The data on the impact of sanctions on Russia has not yet been released, but it is certain to worsen the picture.