‘Crisis Tourism’ hampers Sri Lanka’s position

Published on : Monday, December 18, 2017

indexIn the coming days, it has been published in the print media that Sri Lanka will encounter a drop in tourist arrivals. Fitch Ratings made the findings and its exclusive report is the result of a deep and comprehensive study. Below are the main findings of the report.

 
1) The hotel industry of Sri Lanka is probably to face many obstructions in the coming four years as visitor arrival to the island drops.
2) Sri Lanka will be lagging behind majority of the developed destinations.

 
3) Sri Lanka will eventually fail to meet its 2020 target of four million tourist arrivals by nearly 400,000 visitors, as the anticipated compound growth rate bring in around 03.6 million travelers only.

 
4) Tourism revenue will to be limited and shortened as a result of decreased growth in tourist spending over the medium term. This is because of the rush of low spending Asian tourists from the resource markets like Indian and China.

 
5) Mice-Tourism is still a less explored avenue, accounting for less than 01% of tourist arrivals in 2016.

 
6) Though, the first three quarters of 2017, tourist arrivals to the island was almost 1.55 million, up by 2.9% from 1.5 million in 2016. Tourism earnings reached a record height during this period.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 imexamerica 2018
  • 06 THSA 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 Digital Travel Summit EU 2018
  • 10 ITE-HCMC 2018
  • 12 Traveldaily 18
  • 13 aite 2018
  • 14 TravelDaily 18
  • 15 TravelDaily TDC 18
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com