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Sri Lanka tourist arrivals to recover by end of winter season: CB Deputy Governor

ECONOMYNEXT- Sri Lanka’s tourist arrivals are expected to fully recover from the setbacks after the Easter Sunday attacks by the end of the 2019/20 winter season, a central bank official said.

“We expect by the end of this season, for tourist arrivals to return to normal,” Senior Deputy Governor Nandalal Weerasinghe said.

“But there are still discounts and promotions, so earnings may not be the same,” he said, speaking at a forum organized by Asia Securities.

Sri Lanka’s main tourism season runs from November through March, with a peak in December.

Sri Lanka’s tourist arrivals fell 70.8 percent in May after the bombings, which hit three luxury hotels in Colombo and three churches.

However, after foreign states lifted their travel bans within two months and continued publicity from international publications, arrivals recovered to a 9.6 percent fall in November.

Hoteliers have said that most arrivals are budget-conscious travellers, and luxury hotels which offered smaller discounts have continued to suffer, compared to those which had cut prices at a steeper rate.

Asia Securities Head of Research Kavinda Perera said the leisure industry could be expected to return to normal by the 2020/21 winter season. (Colombo/Dec10/2019)

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