Tourism boom crosses USD 1.4 billion - Opportunity Sri Lanka
Tourism boom crosses USD 1.4 billion

Tourism boom crosses USD 1.4 billion

Earnings from tourism increased to $ 1.4 billion during the first five months of 2016 in comparison to $ 1.18 billion recorded during the same period of 2015.
Tourist arrivals increased to 125,044 during May 2016, recording a growth of 10.1% over May 2015. Accordingly, tourist arrivals during the first five months of 2016 increased by 18.4% to 846,229 over the corresponding period of 2015.
The top 5 sources of tourist arrivals up to May 2016 were India, China, UK, Germany and France, accounting for 52.2% of the total tourist arrivals during the period.
OSL Take:
Few places in the world can offer the traveler Sri Lanka’s remarkable combination of stunning landscapes, pristine beaches, captivating cultural heritage and unique experiences within such a compact location.
Within a mere area of 65,610 kilometers lie 8 UNESCO World Heritage Sites, 1,330 kilometers of coastline – much of it pristine beach – 15 national parks showcasing an abundance of wildlife, nearly 500,000 acres of lush tea estates, 250 acres of botanical gardens, 350 waterfalls, 25,000 water bodies, to a culture that extends back to over 2,500 years.
Hence, it’s no surprise that within the “current peaceful climate”, the income from tourism could reach such high proportions. More international hotel brands have opened their branches during the past few months to own their stake in the “tourism industry bounty” and OSL has been highlighting the continuous growth for the next couple of years.

As there is still more room for tourism to grow, plus the availability of “niche segments” which overseas investors could explore together with our local expertise and reach, we invite you to get in touch with the biz-friendly OSL Team now to learn more.

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Article Code : VBS/AT/02082016/Z-3

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