http://www.news.lk/index.php?option=com_content&task=view&id=15785&Itemid=44
Boost in the Tourism sector will help offset other revenue losses
Saturday, 26 June 2010
An outstanding increase in the tourist arrivals to Sri Lanka has been recorded. The Tourism Promotion Bureau said that the number of tourist arrivals increased by 50. 3 % during the first five months of the year.
Since the completion of the war the government has revised itseconomic targets in various sectors. The Central Bank Governor isalready on record saying that the GDP growth rate will reach 7 percentfrom its earlier calculation of 6.5 percent.Tourist arrivals in firstfive months of this year reached 233,922. It is an increase of 176,427when compared with the corresponding period last year.The tourist arrival has been targeted to reach little over six hundredthousand in 2010. But an economic boost now visible in multiplesectors after the conquering of terrorism under the leadership of thePresident Mahinda Rajapaksa. Government has identified special vastresort areas for tourism development in the southern and easterncoastal areas. Already the approval has been granted to develop beachareas to increase the room facilities. With this new trend the touristarrival to Sri Lanka during the year will reach one million.Ths will bring in large amount of foreign exchange to the country byway of revenue and pave the way for employment general. The economicand financial experts perceive the boost in the tourism sector as asalvation sometimes even to forego certain other revenues due toreasons beyond country' control.New project covering large extent of lands in Pasikuda and Kuchchveliin the east and Bentota in the south are to be initiated with privatesector participation under the guidance of the Economic DevelopmentMinister Basil Rajapaksa.A majority of the tourists have arrived from India, Maldives,Australia, New Zealand and Canada. More than one million tourists areexpected in the island before the end of this year
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