The Maldives has become the luxury holiday and vacation location around the world due to the island being so small, and the amount of development on the island thanks to millionaires and billionaires recognizing the potential profits in such an isolated but amazing part of the world.
Once the floodgates for commercialisation opened in the Maldives, there were millionaires launching their applications for building projects around the island. Originally it was considered a relatively “humble” holiday location. The multimillion-dollar villas were not being created at a speedy rate, and most of the villas that were built could be considered relatively average in the grand scheme of hotels.
Once the island itself became known as a luxury holiday location however, that had significantly changed. Everyone who had the funds wanted to create the best villa or holiday destination possible. And while some may consider this a negative, it’s also the same reason that you can now swim in a pool that is within the ocean itself or stay in a hotel room that is currently under the ocean.
There has been a lot of innovation regarding the hotels and villas within the island itself. Essentially, everyone is competing. While the island itself will always be a holiday destination that is in demand, the villas are the variables. So, there has been a race to build the most in demand location to stay in, and for holiday makers this is a perfect situation.
There are some really beautiful villas and hotels that have been created as a result of this competition, and the island itself has reaped these rewards, so it is difficult to not be somewhat appreciative of this if you own one of the hotels or you rely on the local economy. But it has become the reason why the price has skyrocketed to holiday within the island now.