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Sri Lanka's Oct tourist arrivals up 15.5 pct y/y

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Thu Nov 15, 2012 6:03pm IST
COLOMBO, Nov 15 (Reuters) - Sri Lanka's tourist arrivals jumped 15.5 percent in October from a year earlier, government data showed on Thursday.

The number of visitors has risen year-on-year in the past 42 months since a 25-year civil war ended in May 2009.

The following table shows tourist arrivals in Sri Lanka:

Sri Lanka's Oct tourist arrivals up 15.5 pct y/y Tour10

The tourism board expects over one million tourists in 2012, yielding revenue of more than $1 billion, up from last year's
record $830.3 million.

Revenue from tourism rose 24.2 percent to $711.1 million in the first nine months of 2012 from the same period last year.

Tourism is one of the main foreign exchange earners for Sri Lanka's $59 billion economy, along with remittances from expatriate workers, garments and tea.
($1 = 130.2750 Sri Lanka rupees)

(Reporting by Shihar Aneez; Editing by Ron Popeski)
http://in.reuters.com/article/2012/11/15/srilanka-economy-tourism-table-idINL3E8MF41M20121115

sriranga

sriranga
Co-Admin

Sri Lanka's Oct tourist arrivals up 15.5 pct y/y Tour13

http://sharemarket-srilanka.blogspot.co.uk/

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

"The tourism board expects over one million tourists in 2012, yielding revenue of more than $1 billion"

$1000 revenue per tourist. Easy to remember formula huh?

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

These statistics are already priced into the price levels of H&T sector. H&T sector was leading the pack in 2009-2010 and still maintain those levels leaving only a little room for a up trend.

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