Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Sri Lanka Earns More Than $1,129 Million In Tourism Revenue

Revenue was boosted by the resumption of international flights and the relaxation of coronavirus-related restrictions

Photo Credit :

1670303888_te2U08_8439382237_32f4694786_b_1_.jpg

Cash-strapped Sri Lanka's earnings from tourist arrivals exceeded USD 1.129 million in the first eleven months of this year, according to the country's central bank.

This increase was boosted by the resumption of international flights and the relaxation of coronavirus-related restrictions. The tourism industry is the country's primary source of foreign exchange earnings.

However, the onset of the pandemic in 2020 severely harmed this sector, which was one of the major reasons for Sri Lanka's economic woes.

The Central Bank of Sri Lanka said in a statement on Sunday that the country welcomed 59,759 tourists in November, a 42 per cent increase over the previous month.

As a result, the island nation’s earnings from international tourist arrivals in November reached USD 107.5 billion, bringing the total for the first ten months of the year to a whopping USD 1129.4 million, according to the report.

The country earned USD 75.6 million in tourism revenue in October of this year. According to the report, 6,28,017 tourists visited the country in the first eleven months of the year.

The daily average of tourist arrivals in November was 1991, a significant increase from 1,355 in October, according to the report.

The resumption of a number of international flights to the island nation has resulted in a significant increase in tourist arrivals.

Last month, nearly 4,000 tourists arrived by sea in Sri Lanka, the first since the pandemic's outbreak.

According to the Daily Mirror Sri Lanka newspaper, the luxury cruise ship Viking Mars arrived at Colombo Port on 18 November with 900 tourists.

According to the report, the super luxury cruise ship Mein Schiff 5 arrived in Sri Lanka earlier this week with approximately 3,000 passengers.

Russians accounted for approximately 23 per cent of total tourist arrivals in November, followed by Indians, who accounted for 17 per cent of total arrivals, according to the Mirror report.

Meanwhile, the Sri Lankan government last week launched a mobile app aimed at increasing the safety of international tourists.

According to news portal newsfirst.lk, tourism minister Harin Fernando said that tourists can check their locations using this app.

Since its independence from Britain in 1948, Sri Lanka has faced unprecedented economic turmoil. The country is also experiencing political unrest as a result of the economic crisis.

Since early April, there have been street protests in Sri Lanka against the government over its handling of the economic crisis.

The IMF announced a USD 2.9 billion bailout package in September to assist the country in overcoming its worst economic crisis.

A crippling lack of foreign reserves has resulted in long lines for fuel, cooking gas and other necessities, while power outages and soaring food prices have added to the people's misery.


Tags assigned to this article:
COVID-19 sri lanka tourism industry