Published on : Wednesday, August 2, 2017
According to the data revealed by Central Bank of Srilanka, the tourists’ arrival in Srilanka is mostly dominated by India. Other countries like China, UK, Germany and France follow India in the tourist arrival.
The tourism in Srilanka consists of the temples, Eco regions, beaches, botanical gardens and the wildlife sanctuaries. In the 2015, it is recorded that Colombo, the capital city of Srilanka is the fastest grown city in tourism sector.
The tourist arrival is accounted for 51.4 % during the peak season, said the report released by the Central Bank. During the month of July to August, the number of arrivals in Srilanka had declined by 2.5 per cent year on year.
Despite the fall in tourism in the month of May, the increasing tourist arrivals had grown by 4.8 per cent to 887,093 during the first five months of 2017 compared to the corresponding period in 2016.
There is a trend in tourist arrivals, earnings from tourism also declined during May 2017 to USD 209.1 million.
However the earning of Srilanka from tourism has been increased by 4.8 per cent to USD 1,521.9 million during the first five months of 2017.
Due to the unfavorable financial and geopolitical conditions prevailing in the Middle Eastern region, the workers’ remittances declined for the third consecutive month in May 2017.
The gross official reserves of Srilanka have been increased to USD 6.8 billion by end May 2017. The gross official reserves in Srilanka were equivalent to 4.0 months of imports, while total foreign assets at USD 8.9 billion were equivalent to 5.2 months of imports, the report said.
The Srilankan rupee has been recorded a depreciation of 8 per cent against the Indian rupee while, which is recorded a 2.6 per cent slump against the US dollar from end 2016 up to July 31, 2017. The depreciation of the currency is also revealed by Central Bank of Srilanka.