Tourists shun war-hit Sri Lanka

[Telegraph] Unfortunately, the violence has intensified over the last few months as the government has squeezed the LTTE forces back into the northern tip of the country. And this escalation has started to negatively impact the economy, with tourism , one of Sri Lanka’s key industries, severely affected. Although the reporting restrictions put in place […]

Financial crisis hits Sri Lanka

[ Reuters ] The world financial crisis will cut 2009 tourist arrivals in Sri Lanka to their lowest level in seven years, potentially stripping gains expected as a 25-year war nears an end, tourism officials said. Tourism is the Indian Ocean island nation’s fourth-biggest source of foreign exchange after garments, remittances, and tea, and is […]

Money, not war will hurt Sri Lanka tourism in ‘09

[Reuters] The world financial crisis will cut 2009 tourist arrivals in Sri Lanka to their lowest level in seven years, potentially stripping gains expected as a 25-year war nears an end, tourism officials said on Friday. Tourism is the Indian Ocean island nation’s fourth-biggest source of foreign exchange after garments, remittances, and tea, and is […]

Terror, Recession Put Tourism in the Doldrums

[IPS] According to the World Travel and Tourism Council’s estimates for 2008, travel and tourism together were expected to contribute 2.9 billion dollars to the economy and account for one in every 15 jobs (or 567,000 jobs). This is considered vital at a time when the country is diverting a major chunk of its resources […]