What factors are pushing Sikko Industries Limited (SIKKO) up - Free Stock Market Real-Time Monitoring

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However, some tourists may not even notice the new charges. These fees are generally added to the price of airline tickets, so travelers don’t have to fork over cash when they go through passport control.

Beond, a startup all-business-class airline that flies to the Maldives, has posted a note on its website advising customers to buy their tickets before November 30 to avoid the new departure tax.

Located off the coast of India, the Maldives has a population of about 525,000 across more than 1,000 islands and atolls. The majority of citizens are concentrated in the capital city of Malé.

Its most profitable industry is tourism, but the country hasstruggled to balancethe money brought in by international luxury tourists with the needs of its population. Geography makes the Maldives an easy sell for high-end brands, as hotels and resorts can easily have their own private island.

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