Monday, 10 June 2024 15:34

Sri Lanka Tourism earnings up 87% to $ 1.4 b in first five months Featured

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Sri Lanka’s tourism industry continues to chalk up a striking performance, raking in over $ 1.4 billion in revenue during the first five months of 2024, marking a staggering 87% surge compared to the same period last year.

The boost in revenue generation during the first five months is particularly significant, as it took the country almost nine months to reach a similar milestone the previous year.

Tourism earnings in May amounted to $ 154 million, reflecting 54% increase year-on-year (YoY) indicative of the industry’s seasonal fluctuations.

The month of May saw a total of 112,128 tourist arrivals, which registered a 35% YoY increase. However, on a month-on-month basis, May earnings saw a 32% decline. Despite this, 2024 May earnings remain the highest recorded post-COVID.

 

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