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Sri Lanka tourist arrivals up 21-pct in March

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Apr 17, 2012 (LBO) - Sri Lanka's tourist arrivals rose 21.3 percent to 91,102 in March from a year earlier with arrival in the first three months up 21.1 percent to 260,525, the state tourist promotion agency said.

Arrivals from Western Europe rose 35.6 percent to 40,686 with UK arrivals surging 35.9 percent to 12,032 reversing a contraction in previous months. In December a local politician was arrested after a British tourist was shot and killed and his companion allegedly raped.

German arrivals rose 29.6 percent to 7,654, French arrivals 8.1 percent to 6,378, Swedish arrivals rose 83.7 percent to 2,654, Dutch arrivals rose 53.1 percent to 2,987 and Italian arrivals rose 40.6 percent to 1,564.

In the first three months arrivals from Western Europe rose 35.6 percent to 93,722.

Eastern European visitors rose 59.3 percent to 7,882 in March, with Russian arrivals up 56.7 percent to 2,998.

East Asian visitors were up 44.3 percent to 10,148, with Malaysian arrivals up 47.3 percent to 1,958, Chinese arrivals up 6.0 percent to 1,442 and Japanese arrivals up 14.9 percent to 1,752. Up to March, 29,738 visitors came from East Asian nations up 39.9 percent.

South Asian market contracted 7.3 percent with Maldives arrivals falling 28 percent to 3,324. Indian visitors grew by a small 2.1 percent to 13,908, just ahead of Britain.

Last year Indian visitors grew 50 percent and had also contributed to expanding air traffic in the region. However from the beginning of this year, Sri Lanka ended visa free travel to India and the Indian rupee has also weakened.
http://lbo.lk/fullstory.php?nid=1977072336

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

I feel it is a healthy growth coz western tourist arrivals have gone up by around 35%, and that is higher than the average growth rate of 21%. It is reported that visitors from western countries are spending more than the tourists coming from South Asia and Eastern Europe. This tremendoues growth would definitely help us to increase country's F.E. earnings and also brings great oppotunities for hotel sector to record higher performance during the year and in the coming years.

As per above report, the growth of the Indian tourist arrivals Last year had racorded as 50% whereas the growth of 2012 is only 2.1%.That indicates the 21% growth of first Quater, this year purely a result of increased number of visitors from Western countries including Eastern Europe.

manula


Vice President - Equity Analytics
Vice President - Equity Analytics

Rajaraam wrote:I feel it is a healthy growth coz western tourist arrivals have gone up by around 35%, and that is higher than the average growth rate of 21%. It is reported that visitors from western countries are spending more than the tourists coming from South Asia and Eastern Europe. This tremendoues growth would definitely help us to increase country's F.E. earnings and also brings great oppotunities for hotel sector to record higher performance during the year and in the coming years.

As per above report, the growth of the Indian tourist arrivals Last year had racorded as 50% whereas the growth of 2012 is only 2.1%.That indicates the 21% growth of first Quater, this year purely a result of increased number of visitors from Western countries including Eastern Europe.

But the main problem is many tourist s are coming with as budget pack..every thing arranged..

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