Sunday Observer Online


Sunday, 18 May 2014





Marriage Proposals
Government Gazette

Tourism sector poised to surpass $ 2b revenue

The tourism sector is optimistic of surpassing the US $ 2 billion revenue target by end of 2014, if the present conditions remain stable and the influx of tourists continues to increase. The Director General of Sri Lanka Tourism Development Authority, Dr. D.S. Jayaweera said that the steady increase in tourism numbers to reach half a million by end April (534,132) recording a 27.6% increase over the corresponding period last year indicates that the industry is poised to surpass US $ 2 billion in earnings this year.

By end April 2014, earnings reached US $ 718.9 million.An estimated 10-12% increase in domestic tourism activity this year, exceeding the six million listed last year, would add to the victory, in the backdrop of domestic travel exceeding two million by end March this year.

“We have seen a steady rise in tourist earnings over the years. In 2004, earnings from the tourism industry was US $ 416 million but last year earnings were healthy at US$ 1.75 billion,” he said.

The tourism industry could contribute a greater amount to the national economy, as the industry’s foreign inputs are only 10-20%, compared with 40-60% foreign inputs in the apparel industry.

Dr. Jayaweera said, “Not only international, but even the domestic tourism market has also grown as more locals are keen on travelling around the island.”

The public tend to travel mostly during weekends and long holidays, thanks to the infrastructure of expressways that have come up. “We are sure to record a number that is far more than six million this year, which was last year’s number,” he said. Most of this travel takes place around wildlife parks and beaches.



Donate Now |
LANKAPUVATH - National News Agency of Sri Lank
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)

| News | Editorial | Finance | Features | Political | Security | Sports | Spectrum | Montage | Impact | World | Obituaries | Junior | Youth |


Produced by Lake House Copyright © 2014 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor