COLOMBO - Sri Lanka's tourism industry, badly hurt by Easter day bombings, is showing signs of gradual recovery, industry executives say, although a national election later this year is likely to weigh on holiday season arrivals.
SriLankan Airlines, the country's lone carrier, will likely post a loss of as much as $160 million in the financial year to end-March 2020 as it lost business after the attacks, its chief executive officer told Reuters. The holiday season, from November through January, is the busiest time of the year for Sri Lanka's tourism industry, which accounts for nearly 5% of the country's GDP and was its third-biggest source of foreign exchange in 2018.
Boosting it will likely be a challenge as an impending presidential election, preceded by political campaigning, could persuade tourists to steer clear of Sri Lanka.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sri Lanka fans throw birthday party for Williamson in stadiumKane Williamson's stature as one of the most loved cricketers around was evident again when a group of Sri Lankan fans arranged a special treat on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sri Lanka fans throw birthday party for Williamson in stadiumKane Williamson's stature as one of the most loved cricketers around was evident again when a group of Sri Lankan fans arranged a special treat on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Too much coffee could trigger migrainesA team of Harvard University scientists have studied the effects of coffee consumption on patients suffering from migraines in order to determine whether caffeine played a role in the triggering of headaches. Migraine is a chronic condition characterized by intense pain in some areas of the cranium,
Source: YahooSG - 🏆 3. / 71 Read more »
Wall Street rallies as trade war panic subsidesNEW YORK: US stocks forged higher on Thursday (Aug 8) as tech shares advanced and Treasury yields continued to recover from this week's trade war ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Indonesia president signs new electric vehicle decree to bolster industry[JAKARTA] Indonesian President Joko Widodo on Thursday signed a decree laying out government support for electric vehicle (EV) industry in the country, looking to leverage its wealth of essential metals. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Canada makes drug price crackdown official over industry oppositionThe Canadian government on Friday announced final regulations to reduce patented drug prices it said would save Canadians CUS$13.2 billion (US$10 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »