Sri Lanka’s tourism industry records US$ 583 million earnings in January and February
Daily FT: The reviving tourism industry has earned $ 583 million (Rs. 117.5 billion) in the first two months of this year.
Earnings in February were $ 314.5 million whilst in January the figure was $ 268 million according to Central Bank data.
In contrast the first two months of last year earnings were only $ 16.4 million.
There had been 178,834 tourists by February this year as opposed to 5,047 a year ago.
By 6 March cumulative arrivals amounted to 200,798 surpassing the number achieved in the entirety of 2021 which was 194,495.
OSL take:
The steady growth in tourist arrivals to the country has resulted in increasing revenue from the industry. Sri Lanka’s tourism industry is on a growth path resulting in an expansion in business/investment opportunities in the industry. There are increasing opportunities in the leisure and hospitality sectors as well as developing supplementary infrastructure facilities required by the country’s tourism industry. Sri Lanka has received much international exposure as a must visit destination and as a top island destination. The country’s tourism authorities are also exploring the promotion of new tourism concepts in key foreign source markets. Given the steady growth in the industry, foreign businesses/investors could confidently explore the growing opportunities in Sri Lanka’s tourism industry.
| Article Code : | VBS/AT/25032022/Z_1 |