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Sri Lankan tourism revenue sees significant increase in May
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IANS | 04 Jun, 2023
Sri Lanka's estimated tourism revenue in May saw a remarkable growth of
over 200 per cent year-on-year, reaching $131.5 million, according to
the latest data from the country's central bank.
This
impressive increase occurred despite the fact that May is considered an
off-peak month for tourist arrivals, Sri Lanka Tourism Development
Authority (SLTDA) Chairman Priantha Fernando told the media on Saturday.
The estimated revenue from tourism in May 2022 was $43.5 million, data showed.
For
the first five months of 2023, the tourism revenue totaled $827.8
million, marking a substantial increase of 30.4 per cent compared to the
same period of last year when it stood at $634.6 million, according to
the official data.
Data also showed 524,486 foreign visitors
arrived in Sri Lanka in the first five months of this year, surpassing
378,521 arrivals recorded a year earlier, Xinhua news agency reported.
Tourism,
one of Sri Lanka's leading foreign exchange earners, suffered a setback
due to the Covid-19 pandemic and economic and political crises in the
South Asian country.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
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58.85 |
56.85 |
As on 13 Aug, 2022 |
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