Sri Lanka Tourism Report 2016 - Business Monitor International - Industry Reports

Sri Lanka Tourism Report 2016

Sri Lanka Tourism Report 2016 - Business Monitor International - Industry Reports
Sri Lanka Tourism Report 2016
Published Oct 24, 2015
28 pages — Published Oct 24, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Total arrivals, --- (LHS) Total arrivals, ---, y-o-y (RHS) ---- ---- ---- ----f ----f ----f ----f ----f - --- -,--- -,--- -,--- -,--- - -- -- -- f = BMI forecast. Source: National sources, BMI We expect Asia and Europe will continue to provide the largest volume of tourists to Sri Lanka over our forecast period. ...One region that will show substantial growth, at least in the short term, is the Middle East. Affluent Middle Eastern travellers are increasingly journeying further afield, and Sri Lanka has a large diaspora in various Middle Eastern countries that may return for holidays. Arrivals from the Middle East are therefore expected to increase from more than ---,--- in ---- to more than ---,--- in ----. ...The UK is an important source market, benefiting from long cultural and historical ties and a strong tradition of travel to Sri Lanka.

...Sri Lanka s tourism industry is underdeveloped relative to other states in the competitive Asia Pacific region, such as Thailand or Singapore, and there is certainly significant potential for the island to expand its tourism industry. Sri Lanka has no shortage of attractions to entice visitors, and its proximity to India gives it access to an enormous potential market. ...The government is highly supportive of the tourism industry, investing heavily in extensive marketing campaigns to raise awareness of its attractions. This will help to support longer-term growth in the tourism industry, and we expect arrivals to Sri Lanka to continue to rise beyond the current forecast period, though we do note that structural challenges remain. Hotels struggle to recruit skilled labour, and high-quality accommodation is very much limited to the southern coastal areas. ...Hotels struggle to recruit skilled labour, and high-quality accommodation is very much limited to the southern coastal areas. Indeed, the tourism industry has little reach in the northern parts of Sri Lanka, where security concerns linger.

...Sri Lanka is seeing a sizeable uptick in arrivals as the global economy recovers and people have more money to spend on luxury holidays. This is particularly true of tourists from major European source markets who have to factor expensive long-haul flights into their holiday budgets. ...

  
Source:
Document ID
1747-9029
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Sri Lanka Tourism Report 2016" Oct 24, 2015. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Sri-Lanka-Tourism-Report-2016-2026-704>
  
APA:
Business Monitor International - Industry Reports. (2015). Sri Lanka Tourism Report 2016 Oct 24, 2015. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Sri-Lanka-Tourism-Report-2016-2026-704>
  
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