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Duminda elected as TAASL President for 2023/2024 - Business News

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Sri Lanka looks to Saudi travelers to boost tourism industry

COLOMBO: Travel industry players in Sri Lanka are hoping to attract more tourists from Saudi Arabia as the island nation grapples with an ongoing crisis in its tourism economy. Tourism has long been a key source of capital for Sri Lanka. In 2018 the tourism sector accounted for $4.4 billion 5.6 percent of the country’s GDP. But this dropped to just 0.8 percent in 2020, as

Sri Lanka s tourism pins hopes on Saudi travelers as potential top market

COLOMBO: Sri Lankan authorities and travel industry players are pinning hopes on arrivals from Saudi Arabia a top travel spending market as the island nation is grappling with the effects of an ongoing financial crisis on its tourism economy. Tourism has traditionally been one of the key sources of Sri Lanka’s foreign reserves and in 2018 earned it $4.4 billion,

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