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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka tourist arrivals rise 25.2 percent in July 2014

Sri Lanka tourist arrivals rise 25.2 percent in July 2014

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Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
Sri Lanka tourist arrivals rise 25.2 percent in July 2014 Screen53

Aug 04, Colombo: Sri Lanka's tourist arrivals rose by 25.2 percent in July this year compared to the same period in 2013, the data released by the Sri Lanka Tourism Development Authority (SLTDA) showed.

The month recorded 133,971 tourists arriving in the country compared to the 107,016 arrived in July 2013.

In the first seven months of this year a total of 861,324 tourists arrived in the island recording a 24.7 percent increase from the 690,589 came during the corresponding period in 2013.

Most of the tourist arrivals were from Western Europe with 278,667 tourists visiting in the first seven months of this year recording a 15.6 percent increase over corresponding 2013 figures. For the month of July 54,857 tourists arrived in the island, 10.3% more than July 2013.

Arrivals from North America rose by 12.1 percent with 42,822 visitors for the first seven months in the year while arrivals from Eastern Europe increased 44.1 percent with the arrival of 92,903 tourists. Most of the arrivals from Eastern Europe were from Russia with 41,381 arrivals representing a 72.0 percent increase.

Tourist arrivals from Middle East rose in July by 55 percent to 5,998 and for the year arrivals increased by 14.0 percent to 44,601.

In the first seven months of the year 156,677 East Asians arrived in the island, an increase of 53.1 percent. Number of Chinese tourists arriving in the island rose by an impressive 144.2 percent to reach 67,408.

Arrivals from South Asia, the other region from where most of the tourists come, increased by 19.5 percent in the year with 203,004 tourists flocking to the island while, arrivals from India increased 24.5 percent to 133,515 in the first seven months of 2014.

In the first six months of the year, 33,920 Australians arrived in the country, an 11.2 percent increase from the previous year.

Sri Lanka has earned US$ 901.8 million from tourism in the first five months of this year, an increase of 35.8 percent compared to last year.

VALUEPICK

VALUEPICK
Expert
Expert
@Sstar wrote:Sri Lanka tourist arrivals rise 25.2 percent in July 2014 Screen53

Aug 04, Colombo: Sri Lanka's tourist arrivals rose by 25.2 percent in July this year compared to the same period in 2013, the data released by the Sri Lanka Tourism Development Authority (SLTDA) showed.

The month recorded 133,971 tourists arriving in the country compared to the 107,016 arrived in July 2013.

In the first seven months of this year a total of 861,324 tourists arrived in the island recording a 24.7 percent increase from the 690,589 came during the corresponding period in 2013.

Most of the tourist arrivals were from Western Europe with 278,667 tourists visiting in the first seven months of this year recording a 15.6 percent increase over corresponding 2013 figures. For the month of July 54,857 tourists arrived in the island, 10.3% more than July 2013.

Arrivals from North America rose by 12.1 percent with 42,822 visitors for the first seven months in the year while arrivals from Eastern Europe increased 44.1 percent with the arrival of 92,903 tourists. Most of the arrivals from Eastern Europe were from Russia with 41,381 arrivals representing a 72.0 percent increase.

Tourist arrivals from Middle East rose in July by 55 percent to 5,998 and for the year arrivals increased by 14.0 percent to 44,601.

In the first seven months of the year 156,677 East Asians arrived in the island, an increase of 53.1 percent. Number of Chinese tourists arriving in the island rose by an impressive 144.2 percent to reach 67,408.

Arrivals from South Asia, the other region from where most of the tourists come, increased by 19.5 percent in the year with 203,004 tourists flocking to the island while, arrivals from India increased 24.5 percent to 133,515 in the first seven months of 2014.

In the first six months of the year, 33,920 Australians arrived in the country, an 11.2 percent increase from the previous year.

Sri Lanka has earned US$ 901.8 million from tourism in the first five months of this year, an increase of 35.8 percent compared to last year.

Can we expect over 1.5 million tourists this year? Normally we see tourist peak season towards end of the year and first few months of the year. Hotels and all other indirect industries should benefit.

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thats why we need to focus on massively undervalued hotel shares like HUNA & CHOT.

VALUEPICK

VALUEPICK
Expert
Expert
@skyfall wrote:Thats why we need to focus on massively undervalued hotel shares like HUNA & CHOT.

Thanks. Value investors will become winners in the long run. They are also safe in all types of markets such as bull market and bear market. There are value sectors and stocks in the CSE. Value stocks with great growth potential are the best.

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics
Well, how reliable are these statistics. Does the number include transit passengers too. If tourism is doing so well how come the hotels are in red. With this kind of boom hotel trade should be the most sought after shares. However this shows that we need independent agencies to assess the growth rates and all statistics in going forward.

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