Sri Lanka earned 205.3 million US dollars from tourism during the month of November 2023, which is over twice the amount in the corresponding month in 2022, the latest data by the Central Bank of Sri Lanka (CBSL) have revealed. The revenue from tourism in November 2022 was 81 million dollars, according to official data.The […]

By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]

"We need to provide the right product and think out of the box in this segment. It's highly competitive."

 US based Marriott International said in a statement that it has signed up with Sri Lanka's East West Properties Plc, to open a 200-room hotel in Weligma, in 2014.The 11-storey Weligama Bay Marriott Resort & Spa, will be operated under Marriott's flagship Marriott Hotels & Resorts brand. "Sri Lanka is a destination that has great potential and opportunity and we hope to capitalise...

“What hurts me is that the panel has failed to recognize the immense steps the government has taken to bring peace and reconciliation, matched with development, to the north and north-east of the country that not too long ago was controlled with an armed fist by the LTTE states Defence Secretary Gotabhaya Rajapaksa.Within the first 12 months of the war ending we even re-settled over 350,00 displac...