Now Available: Sri Lanka Tourism Report 2015

The Sri Lanka tourism report examines a range of key indicators in the emerging tourism market in the Asia Pacific region. Healthy domestic economic growth is boosting outbound tourism figures, while improving regional and global travel connections are facilitating growth in inbound arrivals. With visitor numbers increasing we are forecasting healthy growth in tourism related expenditure and industry value, and expect to see a range of developments in the market moving forward.

Maintaining the current stability is vital to the future of the Sri Lankan tourism industry, as any recurrence of civil conflict will likely deter visitors and undermine the recent gains made in terms of infrastructure development. At present however, President Mahinda Rajapaksa and his ruling coalition (the United People's Freedom Alliance) appear stable and able to formulate, enact and enforce their policy agenda. While there are ongoing concerns regarding income inequality and ethnic divisions between the Sinhalese majority and Tamil minority, at present the risk appears to be subdued - though it remains to be seen what impact the snap election in January 2015 will have.

Full Report Details at
- http://www.fastmr.com/prod/938415_sri_lanka_tourism_report_2015.aspx?afid=301

Provided that domestic security will be maintained, we expect to see steady growth in arrivals to Sri Lanka. While arrivals are generally dominated by countries in the Asia Pacific region, Sri Lanka also sees healthy arrivals from European markets such as the UK and Germany. As air travel connections are expanded and Sri Lanka improves its presence on the global tourism stage, we expect to see annual growth of 10% a year in terms of arrivals.

Robust domestic economic growth, boosted by strengthening ties with China and Japan, will lead to steady gains in outbound travel, as Sri Lanka's middle class expands and private financial consumption increases. We expect to see growth of around 6% to 7% per year in tourism departures. This will result in a slight increase in average tourism departures per 1000 of the...

The Sri Lanka Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Sri Lanka Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Sri Lankan tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for Sri Lanka to test other views - a key input for successful budgetary and planning in the Sri Lankan tourism market.

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