Sri Lanka tourism industry begins to recover after attacks, election is next hurdle

COLOMBO - Sri Lanka's tourism industry, badly hurt by Easter day bombings, is showing signs of gradual recovery, industry executives say, although a national election later this year is likely to weigh on holiday season arrivals.

SriLankan Airlines, the country's lone carrier, will likely post a loss of as much as $160 million in the financial year to end-March 2020 as it lost business after the attacks, its chief executive officer told Reuters. The holiday season, from November through January, is the busiest time of the year for Sri Lanka's tourism industry, which accounts for nearly 5% of the country's GDP and was its third-biggest source of foreign exchange in 2018.

Boosting it will likely be a challenge as an impending presidential election, preceded by political campaigning, could persuade tourists to steer clear of Sri Lanka.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Indonesia president signs new electric vehicle decree to bolster industry[JAKARTA] Indonesian President Joko Widodo on Thursday signed a decree laying out government support for electric vehicle (EV) industry in the country, looking to leverage its wealth of essential metals. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »

Canada makes drug price crackdown official over industry oppositionThe Canadian government on Friday announced final regulations to reduce patented drug prices it said would save Canadians CUS$13.2 billion (US$10 ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »