Risk assessment in project supply chains in Maldives hospitality sector

Abstract

The article evaluates the enabling factors of risks in the project management supply chain process within the Maldives hospitality sector within identification of needs in procurement process. The tourist arrivals in the Maldives have been increased rapidly. This trend is found as 64% from 2017 to 2021. The identified trend encourages investments in the hospitality sector in Maldives. Therefore, more accommodations are built to cater upcoming trend of tourist arrivals in Maldives. Statistics show 1.4 million tourist arrivals to Maldives in 2018, setting a new record. The Minister of Tourism, Ali Waheed, reported that the number of tourists who visited Maldives in 2018 was 1,484,276, which is 6.8% (or 94,734 tourists) which is higher than in 2017[1]. Tourism contributes 60% of foreign exchange receipts, making it a crucial part of the Maldives’ economy.