Sri Lanka earns over US 4 billion from tourism in 2018, a 11.6 percent revenue increase from 2017
The Sri Lanka Tourism Development Authority has reportedly stated that the country has earned over US$ 4 billion from the tourism sector this year with a steadily increased revenue of 11.6% compared to 2017.
According to reports, the data suggests that an average duration of stay per person is 11 days in Sri Lanka, while average daily expenditure is US$ 174, amounting to approximately US$ 2000 during their entire stay.
The tourism industry expectations for 2019 are three million tourist arrivals and revenue of US$ 5 billion with Lonely Planet naming Sri Lanka as the number one destination to travel in 2019.
India, China and Britain have managed to remain as the leading markets throughout the year in 2018 as well, the local media has reported.
OSL take:
While Sri Lanka’s tourism industry is on a growth path, the recorded increase in revenue is a clear indication of it. The official announcement by the Sri Lanka Tourism Development Authority will definitely give a confidence boost to foreign businesses/investors exploring business/investment opportunities in Sri Lanka’s tourism sector.
| Article Code : | VBS/AT/22012019/Z_1 |