The Booming Tourist Industry in Sri Lanka
After 30 years of civil war, Sri Lanka is now emerging as a tourist hotspot with many world renowned hotel names. Also many chained brand hotels are now interested in getting their hands on the tourism and travel market in Sri Lanka.
One of the main factors that influence such interest is the unique location right in the middle of the Indian Ocean.
There is no doubt that branded hotels enter into the country will increase the attractiveness of the country and create a strong surrounding to reach the upper end of the market. mylankareview.com will provide more insight into hotels and resorts in Sri Lanka.
It has been revealed that India’s Oberoi hotel chain are keen to enter the market again after quitting the market during 30 year war. Since real estate estimations are a fraction of India, the market can be expanded and strengthened easily.
According to latest data tourist arrivals were up by 24.3 percent in January 2016 from a year ago with arrivals from India growing by 26 percent while Chinese visitors rose by 122 percent. For more on inbound and outbound tourism please visit mylankatour.com
Sri Lanka is planning to attract 4.2 million tourist arrivals by 2020. This will pave the way for 200 new hotels and an addition of 11,000 rooms to the hotel industry.
According to the Minister of Tourism Development John Amarathunga, by 2020 the tourism sector will open up over 64,000 job opportunities. Country’s GDP is forecasted to improve up to 10.5 perecent by the year 2026 with the contribution of travel and tourism industry.
The demand for MICE (Meetings, Incentives, Conferences and Exhibitions) tourism is also growing tremendously.
Sri Lanka is known as a leisure destination, clearly have a very bright future ahead regarding travel and tourism industry.
