judecroos wrote:In Sri Lanka the tourism sector will not recover for another six months or one year time. And don't get caught to these shares because this sector needs more than two years to recover loses after. The media will make you fool but as I am working in Europe, I can tell you surely Europeans will not visit SRI LANKA in the near future. There are very cheap and good quality service destinations are there now even in Europe. So if the other countries will follow Europeans what will happen to SRI LANKA tourism ?rajini wrote:This is the typical retailers mindset. Share market never has been controlled by retailers. It has been always done by the long term and medium term investors. Hotel shares are in the rock bottom due to the lock downs but are there any hotels to be sold ?
The recovery will not take that long. People who got caught to the virus don't need the vaccine. They have the antibodies made by the body. I guess there are more than 500 million total cases up to now. Pandemics gets over even without a vaccine in 2 - 3 years. Once patients get cured they become dead links to the virus.
People including scientists predicted it would take at least 2 years to create a successful vaccine. But less than a year we are having 3 successful vaccines from Russia, China , Pfizer. Moderna, Oxford, Johnson also were promising during the early stages. They also increasing the production capabilities.
Now we will look our inbound tourist share.
Russia and East Europe
Most of our tourists will have a vaccine in 2021. There is an issue with Indian tourists.
We should not forget the local tourists and support from the government to the industry.
Analyze the last quarter hotel revenues
AHPL - 642 million
AHUN - 371
KHL - 600
JETS - 275
PALM - 180
No offense but Europeans not sharing their travel plans with unknown people from developing nations including me , you and other people.
Why anyone lives in Europe and invest in CSE ? You can buy many low risk , liquid shares from there. Europe must be the retailers paradise these days. Indexes are highly fluctuating.
People who didn't talk to you are like to visit Sri Lanka. JKH said winter forward bookings are reaching pre-COVID-19 levels. The tourist industry in the country consist of natural values, nothing artificial.
But there are challenges for the industry. Airports are closed since March, airlines can't operate with lock downs. These matters can be addressed very easily.