Sri Lanka tourism earns $700m in Q1 2023, up 17.8% YoY

MG News | May 08, 2023 at 03:40 PM GMT+05:00

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May 08, 2023 (MLN): Sri Lanka’s tourism brought in almost $700 million in the first quarter of 2023, an increase of 17.8% YoY from the same period last year, an official said on Monday as reported by APP.

Sri Lanka Tourism Development Authority (SLTDA) Chairman Priantha Fernando told the media that the country earned $166.5m from tourism in April.

Sri Lanka has received 335,679 tourists in the first three months of this year, the monthly tourist arrivals report from the SLTDA revealed.

Sri Lanka’s tourism industry has raised its target for 2023 from 1.5m to 2m visitors, based on the encouraging trend in the first quarter of the year, Fernando said last month.

However, the sector, which is a major source of foreign exchange for the country, has faced many challenges since the COVID-19 pandemic and the economic and political instability in Sri Lanka.

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