FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Tourist Industry to boost local exports Vote_lcap68%Tourist Industry to boost local exports Vote_rcap 68% [ 178 ]
Tourist Industry to boost local exports Vote_lcap18%Tourist Industry to boost local exports Vote_rcap 18% [ 47 ]
Tourist Industry to boost local exports Vote_lcap13%Tourist Industry to boost local exports Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LIOC WILL HIT TO 38+++
by chinthaka73 Yesterday at 9:12 pm

» HEMAS HOLDINGS PLC (HHL.N0000)
by ADVENTUS Yesterday at 8:16 pm

» KOTAGALA PLANTATION PLC (KOTA.N0000)
by Tissa Yesterday at 6:11 pm

» ACL; RCL; TILE AND LWL- FAIR VALUES FOR FY22
by ADVENTUS Yesterday at 5:23 pm

» In the vicinity listing of LOCH – “LOLC CEYLON”
by bizstock Yesterday at 4:19 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Yesterday at 12:52 pm

» Lanka Milk Foods - LMF
by buddikasmart Yesterday at 11:58 am

» LOFC AND CLC Target Price??
by bizstock Yesterday at 9:55 am

» Commodities boom, tourism hopes fuel South-east Asia stock rally
by ResearchMan Yesterday at 6:15 am

» NP IN TWEETER
by bizstock Yesterday at 2:29 am

» Water For All - CIND
by LHW Fri Oct 15, 2021 9:40 pm

» CFLB.......COLOMBO FORT LAND PLC
by skyfall Fri Oct 15, 2021 2:42 pm

» Country full open keep eye on llub
by rukshan1234 Fri Oct 15, 2021 11:21 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by samaritan Fri Oct 15, 2021 10:57 am

» Fertilizer issue over !! Buy plantations
by Maharaja Fri Oct 15, 2021 10:36 am

» Today is the Best - Day to buy CLC ..!
by Sapudev Fri Oct 15, 2021 10:11 am

» Good morning everyone... Today is the day...
by Vishwanarth Fri Oct 15, 2021 9:39 am

» EXPO/BILL/LOLC
by arun.cse Fri Oct 15, 2021 8:59 am

» TIME TO PICK DOLLAR EARNING AND DIVIDEND PAYING COMPANIES? :D
by cseguide Thu Oct 14, 2021 10:37 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by LHW Thu Oct 14, 2021 9:47 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Tourist Industry to boost local exports

Tourist Industry to boost local exports

Go down  Message [Page 1 of 1]

1Tourist Industry to boost local exports Empty Tourist Industry to boost local exports Tue Oct 02, 2012 12:51 pm

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Oct 02, 2012 (LBT) - While the tourism sector is expected to become one of the largest foreign exchange earners of the country it will also assist the exports of the country. The sector is expected to invest Rs. 127.2 billion and account for 700,000 jobs. The total contribution of the sector is expected to reach Rs. 1020 billion and further strengthen the export sector by exporting goods worth Rs. 244.6 billion rupees. Meanwhile the total contribution of the travel and tourism sector to GDP is expected to reach Rs. 1,020 billion in 2020 from Rs. 541.3 billion in 2011.

These details have been given in a journal published by newly formed Centre for Research and Sustainable Studies in Tourism. The study says that the direct contribution by the tourism sector is expected to reach Rs. 402.4 billion in 2022 from 219.7 (3.4 percent of total GDP) at present. The World Travel and Tourism Council forecasted a 5.7 percent growth annually in direct contribution to the country’s GDP.

According to several recent research, investments in travel and tourism is expected to grow 8.5 percent this year and continue at 5.5 percent per annum to Rs. 127.2 billion by 2022 frompresent Rs. 68.9 billion. The research showed that the country gained largely on visitor exports which accounted for 12.6 percent of total exports from the country. It generated more than Rs. 140 billion last year and is expected to grow 4.4 percent this year and there by 5.3 percent per annum to reach Rs. 244.6 billion by 2022.

Sri Lanka has identified tourism as a key sector to develop the economy and expects more than 2.5 million tourists by 2016 and launched the research centre to provide assistance to both the public sector and private sector. In 2011 the Tourism sector supported 236,500 direct jobs and accounted for 3 percent of the total employment of the country and is expected to create 56,500 additional jobs by 2022 accounting for 3.6 percent of the total employment of the country. As per the Sri Lanka Tourism Development Authority statistics, tourist arrivals during the first eight months of this year increased by 15.8 percent to 622,661 from 537,787 recorded in the corresponding period last year, while arrivals in August increased by 9.7 percent to 79,456 from 72,463 in 2011.
http://www.lbt.lk/news/economic/2731-revelation

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum